Orient Cement Ltd reports net profit of Rs. 44.99 crores in Q3 FY2024

Orient Cement Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 753.2204 crores during the period ended December 31, 2023 as compared to Rs. 722.2479 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 44.9922 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 24.6271 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.20 for the period ended December 31, 2023 as compared to Rs. 1.20 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 753.2204 crs	₹722.2479 crs	4.29%
Net Profit	₹44.9922 crs	₹24.6271 crs	82.69%
EPS	₹2.20	₹1.20	83.33%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 753.2204 crores during the period ended December 31, 2023 as compared to Rs.733.4243 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.44.9922 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.27.5177 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.20 for the period ended December 31, 2023 as compared to Rs.1.34 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 753.2204 crs	₹733.4243 crs	2.70%
Net Profit	₹44.9922 crs	₹27.5177 crs	63.50%
EPS	₹2.20	₹1.34	64.18%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2305.0718 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2068.6857 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.106.6529 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.55.4364 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.5.21 for the 9 Months period ended December 31, 2023 as compared to Rs.2.71 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹2305.0718 crs	₹2068.6857 crs	11.43%
Net Profit	₹106.6529 crs	₹55.4364 crs	92.39%
EPS	₹5.21	₹2.71	92.25%

Shares of Orient Cement Limited was last trading in BSE at Rs. 267.10 as compared to the previous close of Rs. 279.45. The total number of shares traded during the day was 86100 in over 3179 trades.

The stock hit an intraday high of Rs. 288.00 and intraday low of 261.65. The net turnover during the day was Rs. 23958120.00.

Source : Equity Bulls

Keywords

OrientCement Q3FY24 9MFY24 ResultUpdate