Q3FY17 Results : OCL India Ltd.
Bhagyashree Vivarekar / 03 Feb 2017
OCL India Ltd. reported its results for the quarter ended December 31, 2016 today. The standalone numbers came in above expectations with strong operating margins as compared to corresponding quarters in the previous fiscal.
OCL India Ltd. reported its results for the quarter ended December 31, 2016 today.
The standalone numbers came in above expectations with strong operating margins as compared to corresponding quarters in the previous fiscal.
The company's total sales for Q3FY17 were Rs 685.05 crore, which represent a 5.87 per cent sequential increase and 11.39 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 118.88 crore and its EBIT margin was 17.35 per cent.
The company reported PAT of Rs 80.17 crore, which represents a sequential QoQ decline of 6.46 per cent and a YoY increase of 111.08 per cent.
The company's stock opened at Rs 925 on the BSE and rose 5.18 per cent after the results were declared. The stock is currently trading around Rs 966.30.
OCL India Ltd is an Indian company operating in two segments- cement and refractory. The refractory division manufactures silica, basic burnt magnesia carbon, fireclay and high alumina bricks, continuous casting, slide gate refractories, castables and precast blocks basic, silica high alumina ramming mases/mortars. The company's cement division manufactures eight varieties of cement.
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