C K Birla group firm Orient Cement Ltd on Monday reported an over two-fold jump in net profit at Rs 99.87 crore in the fourth quarter ended March 2021. It had posted a net profit of Rs 44.06 crore in the January-March quarter a year ago, Orient Cement said in a BSE filing. Its revenue from operation rose 27.06 per cent to Rs 831.61 crore during the quarter under review as against Rs 654.52 crore in the corresponding period a year earlier. Total expenses were at Rs 680.83 crore in Q4/FY2020-21, up 14.96 per cent as against Rs 654.52 crore. For the fiscal year 2020-21, its net profit rose over two-folds to 214.18 crore. It was Rs 86.58 crore in the previous year. However, its revenue from operations for the fiscal was marginally down by 4.03 per cent at Rs 2,324.08 crore. It was Rs 2,421.79 crore in FY2019-20. The company said that in the wake of the Covid-19 pandemic outbreak and consequent lockdown imposed by the government last year, the manufacturing facilities of the company w
It had posted a net loss of Rs 5.67 crore in the October-December period a year ago, Orient Cement said in a BSE filing
The daily, as well as weekly momentum indicators in Nifty, have provided a buy crossover
The stock rallied 15% to Rs 140 on the BSE in intra-day trade on back of heavy volumes
Firm had reported a net loss of Rs 12.91 crore in the year-ago period
Bhilai Cement deal capacity at $98/ tonne; Orient Cement will also acquire Nigrie cement grinding unit of JP Power for Rs 500 cr