Orient Cement Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 03:27 am
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Orient Cement Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,513.09 million compared to INR 7,322.92 million a year ago. Revenue was INR 7,532.2 million compared to INR 7,334.24 million a year ago. Net income was INR 449.92 million compared to INR 275.18 million a year ago. Basic earnings per share from continuing operations was INR 2.2 compared to INR 1.34 a year ago. Diluted earnings per share from continuing operations was INR 2.2 compared to INR 1.34 a year ago.
For the nine months, sales was INR 22,970.62 million compared to INR 20,615.12 million a year ago. Revenue was INR 23,050.72 million compared to INR 20,686.86 million a year ago. Net income was INR 1,066.53 million compared to INR 554.36 million a year ago. Basic earnings per share from continuing operations was INR 5.21 compared to INR 2.71 a year ago. Diluted earnings per share from continuing operations was INR 5.21 compared to INR 2.71 a year ago.
Orient Cement Limited is an India-based cement company. The Company is primarily engaged in the manufacture and sale of cement. The Companyâs manufacturing facilities are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra. The Companyâs product mix includes Pozzolana Portland Cement (PPC) and Ordinary Portland Cement (OPC), which markets under the brand name of Birla.A1-Birla.A1 Premium Cement and Birla.A1 StrongCrete. Its projects include Asian Cinema Mall, Sujana Mall Hyd, Birsi Airport, Mahindra Life Space, Tata Capitol, Godrej, Vastu Nagar, Municipal Corporation, Hotel Express Inn Nashik, Koso India Pvt. Ltd, Parksyde Residence, Apollo Hopital, Samrat Vrindavan, Karmaa Galaxy, Sports Stadium, Signature Residential, Hari Vara Residential, Nakshatra Township, Amar Builder, Abis, India Bull Power Plant, NTPC Power Plant, Rattan India Power Plant, Nagpur Highway, Nagpur Amravati Highway, Gurudwara, Sripada Dam, Nagar Nigam Project and Vill-Dondilohara.