Orient Cement Q4 net profit down 26.67% at Rs 73.24 cr
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The company reported standalone net profit of Rs 73.24 crore for the quarter ended March 31, 2022 as compared to Rs 99.88 crore in the same period last year, registering a year-on-year decline of 26.67 per cent. Net revenue of the company declined marginally by 3.34 per cent at Rs 803.86 crore in January-March quarter of this fiscal as against Rs 831.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 3.41 per cent to Rs 650.52 crore from Rs 629.08 crore in year ago period.
Other Income dipped by 25.19 per cent at Rs 1.99 crore versus (Mar'21 Rs 2.66 crore). Operating Profit slipped by 24.29 per cent to Rs 153.34 crore as against Rs 202.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.64 per cent in March quarter. Interest declined by 69.19 per cent y-o-y to Rs 4.89 crore, while Taxation decreased by 24.23 per cent at Rs 40.59 crore (Mar'21 Rs 53.57 crore).
