Orient Cement Q1 Profit Down, Revenue Falls 15.6% - PTI
By Rediff Money Desk, New Delhi 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.
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.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...