Orient Cement Q1 Profit Down, Revenue Falls 15.6% - PTI
Aug 05, 2024 20:46
Orient Cement's net profit declined to Rs 36.71 crore in Q1 FY24, while revenue dipped 15.6% to Rs 696.26 crore. Learn more about the company's performance.
New Delhi, Aug 5 (PTI) CK Birla group firm Orient Cement Ltd on Monday reported a marginal decline in its net profit to Rs 36.71 crore for the first quarter ended in June 2024.
The company reported a net profit of Rs 37.03 crore for the April-June quarter a year ago, according to a regulator filing from Orient Cement Ltd (OCL).
Its revenue from operations was down 15.62 per cent to Rs 696.26 crore during the quarter under review. It was at Rs 825.17 crore in the corresponding period a year ago.
OCL's total expenses reduced 16.56 per cent to Rs 644.46 crore in the June quarter.
Shares of Orient Cement Ltd on Monday settled at Rs 348.95 on BSE, down 1.91 per cent from the previous close.
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