On Sunday, Orient Cement Ltd, a subsidiary of the CK Birla Group, announced a 38.3 percent decrease in net profit, reporting Rs 42.07 crore for the March quarter. This is a decline from the net profit of Rs 68.19 crore recorded in the same period last year, as stated in a regulatory filing by Orient Cement Ltd (OCL).
The company’s revenue from operations fell by 7.07 percent to Rs 825.18 crore during the March quarter, compared to Rs 888.02 crore in the corresponding quarter of the previous year. Additionally, OCL’s total expenses decreased by 2.61 percent, amounting to Rs 764.96 crore for the March quarter. Total income, which encompasses other income, also saw a decline of 7 percent, reaching Rs 832.84 crore in the March quarter.
For the fiscal year 2024-25, OCL experienced a decline of 47.8 percent, reporting earnings of Rs 91.24 crore compared to Rs 174.85 crore in the previous year. The company’s total income also fell by 14.7 percent, amounting to Rs 2,728.69 crore for the financial year ending March 31, 2025, down from Rs 3,200.60 crore in FY24.
In a separate announcement, OCL disclosed that its board, during a meeting on Sunday, has proposed a final dividend of 50 percent, equating to Rs 0.50 per equity share of Rs 1 each for the year ending March 31, 2025. On October 22, 2024, Ambuja Cements, a subsidiary of the Adani Group, entered into a share purchase agreement with the promoter group and other shareholders to acquire 46.80 percent of the company’s shares.
OCL noted that the acquirer received approval from the Competition Commission of India (CCI) on March 4, 2025. Currently, the promoter group remains the existing shareholders, awaiting the completion of the transaction and the open offer, as stated by the company.
