Orient Cement Ltd. reported a 35% year-on-year decline in net profit for the September quarter as lower revenue and weaker operating earnings weighed on performance.
Net profit fell to ₹32 crore in the second quarter from ₹49 crore a year earlier, the company said.
Revenue declined 12% to ₹565 crore from ₹643 crore in the year-ago period. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 54.5% to ₹75 crore from ₹165 crore.
The EBITDA margin — the share of revenue left after operating expenses, before interest, tax, depreciation and amortisation — narrowed to 13.3% from 25.7% a year earlier.
Orient Cement shares rose 2.01% to ₹116.10 on October 22, ahead of the earnings announcement.
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