Stock Report

Orient Ceratech Ltd Q2 FY2024 consolidated net profit rises to Rs. 5.24 crore

Posted On : 2023-11-04 22:58:19( TIMEZONE : IST )

Orient Abrasives Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 82.9385 crores during the period ended September 30, 2023 as compared to Rs. 73.8492 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 5.2462 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 4.2256 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.44 for the period ended September 30, 2023 as compared to Rs. 0.35 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 82.9385 crs	₹73.8492 crs	12.31%
Net Profit	₹5.2462 crs	₹4.2256 crs	24.15%
EPS	₹0.44	₹0.35	25.71%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 82.9385 crores during the period ended September 30, 2023 as compared to Rs.69.8544 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.5.2462 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.2.0050 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.44 for the period ended September 30, 2023 as compared to Rs.0.17 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 82.9385 crs	₹69.8544 crs	18.73%
Net Profit	₹5.2462 crs	₹2.0050 crs	161.66%
EPS	₹0.44	₹0.17	158.82%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.156.7877 crores during the 6 Months period ended September 30, 2023 as compared to Rs.164.2002 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.9.4718 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.5.8310 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.79 for the 6 Months period ended September 30, 2023 as compared to Rs.0.49 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹156.7877 crs	₹164.2002 crs	-4.51%
Net Profit	₹9.4718 crs	₹5.8310 crs	62.44%
EPS	₹0.79	₹0.49	61.22%

Shares of Orient Abrasives Limited was last trading in BSE at Rs. 44.20 as compared to the previous close of Rs. 42.63. The total number of shares traded during the day was 19323 in over 211 trades.

The stock hit an intraday high of Rs. 44.35 and intraday low of 42.80. The net turnover during the day was Rs. 845212.00.