Orient Paper Q2 profit at Rs 2.76 crore

Orient Paper & Industries today reported a standalone net profit of Rs 2.76 crore for the second quarter ended September 30, 2016 on higher sales.
The company had reported a net loss of Rs 26.24 crore for the same period of the previous fiscal, Orient Paper & Industries informed BSE.
Total income from operations during the quarter under review was up 9.40 per cent to Rs 405.56 crore as against Rs 370.70 crore of the corresponding quarter.
Total expenses was up 1.90 per cent to Rs 395.77 crore as against Rs 388.39 crore.
Shares of the company today settled at Rs 89.65 on BSE, up 5.84 per cent from previous close.