Orient Cement Q2 results: PAT slides 90.5% to 2.32 cr, sales down 24.5%

Quick Summary:

CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024.

Its revenue from operations was down 24.5 per cent at Rs 544.02 crore during the quarter under review against Rs 720.57 crore in the corresponding period a year ago.

Last month Billionaire Gautam Adani-owned Adani Cement announced signing a binding agreement for the acquisition of OCL at a valuation of Rs 8,100 crore.

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Category: BusinessFinance

Markets: India

Topics: Q2 Q2 results Orient Cement Corporate earnings Orient Cement Profit Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 18:55:03 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23470373

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