The shares of this Adani group cement stock, primarily involved in the manufacture and sale of cement came into focus after the company announced a 320 percent increase in net profits in Q4 FY25.
Stock Performance
With a market capitalization of Rs 7,334.73 crore, Orient Cement Ltd fell 2 percent in Tuesday’s trading session to a low of Rs 351 per share compared to its previous closing price of Rs 358. The shares retraced from the day’s low and were trading at Rs 357.60 which is slightly lower than the previous close.
What Happened
The shares of Orient Cement Ltd came into focus after the company reported its Q4 FY24-25 results. Its revenue from operations fell 7 percent year-on-year from Rs 888 crore to Rs 825 crore in Q4 FY25. On a quarter-on-quarter basis, the revenue rose by 28 percent from Rs 643 crore.
The company saw a 38 percent year-on-year decline in net profits from Rs 68 crore to Rs 42 crore in Q4 FY25. On a quarter-on-quarter basis, the net profits increased 320 percent from Rs 10 crore. Further, the company’s EPS decreased 38 percent year on year from Rs 3.33 to Rs 2.05. On a quarterly basis, the EPS rose by 318 percent from Rs 0.49.
Also read: FMCG stock jumps 9% after Madhusudhan Kela acquires 4.60% fresh stake in the company
Company Overview
Orient Cement Ltd is primarily engaged in the manufacture and sale of cement. The company has manufacturing facilities set up at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra. Its product portfolio mainly includes Pozzolana Portland Cement (PCC) and Ordinary Portland Cement (OPC).
Other Updates
The company’s board recommended a dividend of Rs 0.50 per share of Rs 1 for the financial year 2024-25, subject to approval at the upcoming annual general meeting (AGM) of the company.
It also allotted 3.49 lakh fully paid-up equity shares of Rs 1 each, pursuant to exercise of employee stock options under the Orient Cement Limited Employees Stock Option Scheme 2015.
Written by Shwetha Sairam
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