Synopsis: Orient Ceratech shares up 17% as Q2 revenue hits ₹114 Cr (+62% YoY) and net profit ₹7.49 Cr (+305% YoY).
The shares of the penny stock company specializing in the manufacturing and distribution of specialty value-added ceramic goods, including ceramic proppants for the oil and gas industry, as well as materials for the abrasives and refractory sectors, jumped upto 17 percent following their results with a 305 percent rise in Profit.
With a market capitalization of 480.11 Crores on Tuesday, the shares of Orient Ceratech Ltd jumped upto 17.1 percent, reaching a high of Rs. 41.75 compared to its previous close of Rs. 35.63.
What Happened
Orient Ceratech Ltd, engaged in the manufacturing and distribution of specialty value-added ceramic goods, including ceramic proppants for the oil and gas industry, as well as materials for the abrasives and refractory sectors, has announced its Q2 results as follows:
Its Revenue from operations rose by 62 percent YoY from Rs. 70.3 Crores in Q2FY25 to Rs. 114 Crores in Q2FY26, and it rose by 16 percent QoQ from Rs. 98.4 Crores in Q1FY26 to Rs. 114 Crores in Q2FY26.
Its Net Profit YoY rose by 305 percent from Rs. 1.85 Crores in Q2FY25 to Rs. 7.49 Crores in Q2FY26, and in QoQ it rose by 74 percent from Rs. 4.30 Crores in Q1FY26 to Rs. 7.49 Crores in Q2FY26.
The earnings per share (EPS) for the quarterly period stood at Rs. 0.63, compared to Rs. 0.36 in the previous quarter.
The company has a lower stock P/E of 28.0 compared to the industry average of 39.1, indicating it may be undervalued relative to peers. Its debt-to-equity ratio is low at 0.16, reflecting a strong balance sheet, and it has maintained a healthy dividend payout of 22.3%, offering consistent returns to shareholders.
Other updates
New Plant Setup by Subsidiary:
The Board took note of the proposal by its wholly owned subsidiary, Orient Advanced Materials Private Limited (OAMPL), to set up a new plant at Baraya for the foundry coating and resin coating business, expected to be operational by Q4 FY 2025–26.
Company Overview & Others
Orient Ceratech Ltd, formerly known as Orient Abrasives Ltd, is an Indian company that was incorporated in 1971 and is listed on the BSE and NSE. The company is a manufacturer of value-added ceramic goods, with a focus on refractories, monolithic products, bauxite ore mining, and power generation.
The company has a comprehensive range of refractory raw materials and castables products that cater to industries such as Iron & Steel making, Refractory, Abrasives, Roads & Constructions, Foundry, and Ferroalloy, having a large domestic and international clientele.
Written by Sridhar J
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