Orient Cement Q4 results: Net profit rises over twice to Rs 100 cr
Cement

Orient Cement Q4 results: Net profit rises over twice to Rs 100 cr

Orient Cement Ltd, a firm of C K Birla group, reported on Monday a rise over two-fold in the net profit to Rs 99.87 crore in the fourth quarter at the end of March 2021.

It reported a net profit of Rs 44.06 crore in the January to March quarter a year back. Orient Cement said this in a BSE filing.

Its revenue from the operation rises 27.06% to Rs 831.61 crore during the January-March quarter under review against Rs 654.52 crore in the corresponding time a year before.

The total expenses were Rs 680.83 crore in Q4/FY2020-21 rose 14.96% against Rs 654.52 crore.

In the year 2020-2021, the company's net profit rose over two-fold to Rs 214.18 crore. The amount was Rs 86.58 crore in the earlier year.

But its revenue from operations for the fiscal year was slightly down by 4.03% at Rs 2,324.08 crore. Previously it was Rs 2,421.79 crore in FY2019-20.

The company pronounced that the arise of the Covid-19 pandemic and simultaneous lockdown imposed by the government in the previous year, the production facilities of the company was temporarily closed and was opened in a phased manner in April and May 2020 after the restrictions were released.

The company has also said that current sales volume has impacted though, their cement demand is progressively improving with improved prices.

In a separate filing, Orient Cement informs that in a meeting held on Monday, its board suggested a final dividend of 150%, that is Rs 1.50/equity share of Re 1 each for the year ended 31 March 2021. On Monday, the shares of Orient Cement settled for Rs 121.65 per unit on the BES, which rose 2.23% from their previous close.

Image Source


Also read: L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr

Also read: ITD Cementation stocks soar after receiving Rs 950 cr order

Orient Cement Ltd, a firm of C K Birla group, reported on Monday a rise over two-fold in the net profit to Rs 99.87 crore in the fourth quarter at the end of March 2021. It reported a net profit of Rs 44.06 crore in the January to March quarter a year back. Orient Cement said this in a BSE filing. Its revenue from the operation rises 27.06% to Rs 831.61 crore during the January-March quarter under review against Rs 654.52 crore in the corresponding time a year before. The total expenses were Rs 680.83 crore in Q4/FY2020-21 rose 14.96% against Rs 654.52 crore. In the year 2020-2021, the company's net profit rose over two-fold to Rs 214.18 crore. The amount was Rs 86.58 crore in the earlier year. But its revenue from operations for the fiscal year was slightly down by 4.03% at Rs 2,324.08 crore. Previously it was Rs 2,421.79 crore in FY2019-20. The company pronounced that the arise of the Covid-19 pandemic and simultaneous lockdown imposed by the government in the previous year, the production facilities of the company was temporarily closed and was opened in a phased manner in April and May 2020 after the restrictions were released. The company has also said that current sales volume has impacted though, their cement demand is progressively improving with improved prices. In a separate filing, Orient Cement informs that in a meeting held on Monday, its board suggested a final dividend of 150%, that is Rs 1.50/equity share of Re 1 each for the year ended 31 March 2021. On Monday, the shares of Orient Cement settled for Rs 121.65 per unit on the BES, which rose 2.23% from their previous close. Image SourceAlso read: L&T Q4 results: Consolidated net profit up 3% by Rs 3,293 cr Also read: ITD Cementation stocks soar after receiving Rs 950 cr order

Next Story
Technology

L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major

L&T Technology Services, a global leader in engineering and technology services, announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services.The five-year agreement, valued at over $50 million, underscores the client’s long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade.As per the agreement, LTTS will provide Enterprise Da..

Next Story
Infrastructure Energy

ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The pro..

Next Story
Infrastructure Urban

UGRO Capital Appoints Anuj Pandey as Chief Executive Officer

UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO’s commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company’s risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK cons..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?