Orient Cement Ltd. posted robust Q1 results with net profit soaring to ₹2.00 billion, up 445% year-over-year. Revenue increased by 24% to ₹8.70 billion. EBITDA rose to ₹1.80 billion, with the EBITDA margin expanding to 21.07%. The Board approved these unaudited financial results on July 25. The company published results in leading newspapers and on its website for investor transparency.
25Jul 25
Orient Cement Reports 458% Jump in Net Profit to ₹205 Crore in Q1
Orient Cement Limited has reported exceptional Q1 results with a 458% year-on-year increase in net profit to ₹205.00 crore. Revenue grew by 24.40% to ₹866.00 crore, while EBITDA rose by 88.90% to ₹182.30 crore. The EBITDA margin expanded by 720 basis points to 21.00%. Total expenses increased by 12.40% to ₹724.28 crore, while total income rose by 23.70% to ₹868.64 crore. The Adani Group's shareholding in the company has increased to 72.66% following an open offer, and Ambuja Cements had entered into an agreement to acquire a 46.80% stake.
15Apr 25
Orient Cement Reports 38.3% Drop in Q4 Net Profit Amid Revenue Decline
Orient Cement's Q4 FY2024 results show significant declines across key financial metrics. Net profit fell 38.3% to Rs 42.10 crore, revenue decreased 7% to Rs 832.80 crore, and EBITDA dropped 28.9% to Rs 110.70 crore. The EBITDA margin contracted to 13.3%. Operating profit margin decreased to 12.49% from 16.68% year-on-year. Despite these quarterly setbacks, the company's full-year FY2024 performance showed improvement, with annual net profit up 42.43% and revenue increasing 8.51%.
04Mar 25
CCI Greenlights Ambuja Cements' Acquisition of Majority Stake in Orient Cement
The Competition Commission of India (CCI) has approved Ambuja Cements' acquisition of up to 72.8% stake in Orient Cement. This significant move is expected to reshape the Indian cement industry's market dynamics and competitive landscape. The acquisition represents a major step towards market consolidation and could potentially enhance Ambuja Cements' market presence and operational efficiencies.