Orient Cement turns its bottom-line positive, reports PAT of Rs. 38.9 crore
DSIJ Intelligence / 26 Jul 2017
Total sales for this quarter, Q1FY18, came in at Rs. 656.73 crore. This represents a 5.07 per cent sequential decline and 29.99 per cent YoY increase.
Orient Cement Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 656.73 crore. This represents a 5.07 per cent sequential decline and 29.99 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 85.85 crore and the EBIT margin stood at 13.07 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 38.92 crore which represents a sequential QoQ increase of 135.59 per. On YoY basis, company turned its bottom-line to positive, from Rs. 6.92 crore of net loss in Q1FY17.
The company's stock which opened for trading at Rs. 162.4 on the BSE, has remained flat during the entire trading session and is currently trading at Rs. 162.8.