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HomeNewsTop NewsOrient Cement posts loss of Rs 9 crore in Q2 FY23

Orient Cement posts loss of Rs 9 crore in Q2 FY23

Revenue from operation was marginally up at Rs 615.28 crore as against Rs 613.12 crore in the year-ago period. Total expenses in September quarter were Rs 630.19 crore, up 18.8 per cent from the year-ago period.

Orient Cement on Wednesday reported a net loss of Rs 9.49 crore for the second quarter ended September 2022.

The C K Birla group firm had logged a net profit of Rs 56.88 crore in July-September period a year ago, according to a regulatory filing.

Revenue from operation was marginally up at Rs 615.28 crore as against Rs 613.12 crore in the year-ago period.

Total expenses in September quarter were Rs 630.19 crore, up 18.8 per cent from the year-ago period.

On Wednesday, Orient Cement stock settled 4.13 per cent down at Rs 131 on the BSE.

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