Orient Cement Limited , a prominent player in the Indian cement industry, has announced its unaudited financial results for the quarter and half year ended September 30, 2021. The results, published in Business Standard and Utkal Mail newspapers on October 26, 2021, showcase a remarkable performance by the company.

Financial Highlights

Orient Cement has reported a significant surge in its net profit for the quarter ended September 30, 2021. The company's net profit jumped by an impressive 459% year-over-year (YoY), reaching Rs 205.40 crore. This substantial increase in profitability demonstrates the company's strong recovery and operational efficiency during the period.

Other key financial metrics for the quarter include:

The company's revenue saw a healthy growth of 23.68% YoY, reaching Rs 868.70 crore. This increase in revenue was accompanied by a substantial improvement in operational efficiency, as evidenced by the 81% YoY growth in EBITDA to Rs 184.80 crore.

Orient Cement's operating profit also witnessed a remarkable increase of 90.21% YoY, climbing to Rs 182.60 crore. This growth in operating profit outpaced the revenue growth, indicating improved operational margins during the quarter.

The company's earnings per share (EPS) for the quarter stood at Rs 10.00, representing a staggering 458.66% increase compared to the same period last year.

Operational Performance

The significant improvement in Orient Cement's financial performance can be attributed to various factors, including increased demand for cement, better pricing, and improved cost management. The company's ability to enhance its operational efficiency is reflected in the operating profit margin (OPM), which improved to 21.07% in the current quarter, up from 13.79% in the same quarter of the previous year.

Outlook

While the company has not provided specific forward-looking statements, the strong performance in Q2 FY22 positions Orient Cement well for the remainder of the fiscal year. The cement sector's growth is often linked to infrastructure development and real estate activity, which have shown signs of recovery post the pandemic-induced slowdown.

Orient Cement's robust financial results demonstrate its resilience and ability to capitalize on market opportunities. Investors and industry observers will likely keep a close watch on the company's performance in the coming quarters to see if this growth trajectory can be sustained.

As the Indian economy continues to recover and infrastructure projects gain momentum, cement manufacturers like Orient Cement are expected to play a crucial role in the country's development story.

Orient Cement Ltd. has reported a robust financial performance for the first quarter, with significant growth in profit and revenue.

Strong Financial Results

The company's net profit for the quarter surged to ₹2.00 billion, marking a substantial increase from ₹367.00 million in the same period last year. This represents a remarkable year-over-year growth of approximately 445%.

Revenue for the quarter rose to ₹8.70 billion, up from ₹7.00 billion in the corresponding quarter of the previous year, reflecting a solid 24% increase.

Improved Operational Efficiency

Orient Cement's operational performance also showed significant improvement:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹1.80 billion from ₹960.00 million in the year-ago period.
• EBITDA margin expanded to 21.07% from 13.79%, indicating enhanced operational efficiency.

Management's Statement

The company's Board of Directors, at its meeting held on Friday, July 25, approved the unaudited financial results for the quarter ended June 30.

Investor Communication

In compliance with regulatory requirements, Orient Cement has published extracts of its unaudited financial results in leading newspapers. The results were featured in Business Standard (English edition) on July 26, and in Pratidin (Odia edition) on July 27.

The company has also made this information available on its official website, https://orientcement.com/ , ensuring transparency and easy access for investors and stakeholders.

Conclusion

Orient Cement's strong quarterly performance, characterized by substantial profit growth and improved operational metrics, indicates a positive start. The significant expansion in EBITDA margin suggests effective cost management and operational improvements. As the company continues to navigate the evolving market conditions, investors and industry observers will likely keep a close watch on its performance in the coming quarters.