Orient Cement Q2 Results: Profit falls 35% as revenue and margins weaken

Orient Cement Ltd. reported a 35% year-on-year decline in net profit for the September quarter as lower revenue and weaker operating earnings weighed on performance.

Net profit fell to ₹32 crore in the second quarter from ₹49 crore a year earlier, the company said.

Revenue declined 12% to ₹565 crore from ₹643 crore in the year-ago period. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 54.5% to ₹75 crore from ₹165 crore.

The EBITDA margin — the share of revenue left after operating expenses, before interest, tax, depreciation and amortisation — narrowed to 13.3% from 25.7% a year earlier.

Orient Cement shares rose 2.01% to ₹116.10 on October 22, ahead of the earnings announcement.

Also Read: CreditAccess Grameen Q2 Results: Profit jumps 4-fold as credit costs fall 43%; FY27 guidance raised