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Orient Cement reports 1Q15 results

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World Cement,


Orient Cement recorded net profit of Rs.34 crore in the June quarter, an 8% decline y/y, but an increase of 31% from the previous quarter. Revenue was up 2% y/y at Rs.436 crore, though this marked a 4% decline from the previous quarter. The company has 5 million t of cement production capacity across two plants and reported capacity utilisation of 87% in the June quarter.

Results have been mixed across India for the April – June period, with India Cements and Ramco Cements reporting a drop, while Prism Cement and JK Lakshmi Cement reported an increase in profit.

The cement sector has been experiencing a slowdown in many regions of India, but with news this month of an improvement in core sector growth during June, expectations for the rest of the year are more optimistic.


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Read the article online at: https://www.worldcement.com/asia-pacific-rim/11082014/orient-cement-reports-1q15-results-272/


 

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