Orient Cement Ltd on Monday reported an 18.9 per cent decline in its net profit to Rs 43.67 crore for the third quarter ended December 31, 2021. It had posted a net profit of Rs 53.88 crore in the corresponding quarter last year, Orient Cement said in a BSE filing.
However, its revenue from operation during October-December 2021 rose 2.13 per cent to Rs 617.52 crore, compared with Rs 604.61 crore in the year-ago period.
Orient Cement’s total expenses stood at Rs 552.61 crore in the December 2021 quarter, a 4.61 per cent jump as against Rs 528.24 crore a year ago.
Meanwhile, in a separate filing, Orient Cement said its board in a meeting on Monday considered and declared an interim dividend of 75 per cent, which is Rs 0.75 per equity share of a face value of Re 1 each for 2021-22
Shares of Orient Cement Ltd on Monday settled at Rs 167.95 on the BSE, up 2.07 per cent from the previous close.