Orient Cement reported a 31.7 per cent year-on-year rise in net profit for the quarter ended 31 March 2026 at Rs 55.4 crore, compared with Rs 42.1 crore in the corresponding period last year.
Revenue from operations declined 21.6 per cent to Rs 647.2 crore from Rs 825.2 crore a year earlier.
Despite the decline in revenue, earnings before interest, tax, depreciation and amortisation (EBITDA) rose 4.6 per cent to Rs 108 crore from Rs 103 crore in the year-ago quarter.
EBITDA margin improved sharply to 16.7 per cent from 12.5 per cent, indicating better operational efficiency during the quarter.
The board of directors recommended a dividend of Rs 0.50 per equity share of face value Re 1 each for Financial Year 2026, subject to shareholder approval.
The company has fixed 12 June 2026 as the record date to determine shareholder eligibility for the dividend. If approved at the annual general meeting, the dividend will be paid on or after 1 July 2026, subject to applicable tax deductions.
Shares of Orient Cement closed at Rs 147.55 on the Bombay Stock Exchange (BSE), down 0.27 per cent on Tuesday. |
