orient paper & industries (Emkay) Cement prices drives better than expected numbers

Revenues +27%-Sharp price hikes drove 22% yoy cement revenue growth; Cement profitability drive better than expected EBIDTA growth of 24.4%; Electricals EBIT +10%, unstable operations drag Paper profitability; One time cap subsidy boost net profit- +41% yoy - PBT ex other inc +27.5% yoy
Date Rating Target Price Recommendation Price Broker house
28 Apr 2011 buy 74 60 Emkay Report

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