IBCN 2025: Celebrating the Chettiar legacy
Also Read - Adani Group to invest $100 billion over next five years: Gautam Adani Organized by the Nagarathar International Foundation, the 2025 edition is themed 'Enhancing Nagarathar Businesses Through Technology' and aims to honor the storied legacy of the Chettiars, known for their entrepreneurial acumen and philanthropy, while igniting the spirit of innovation in a new generation of community leaders
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Time of India
5 hours ago
- Time of India
Orient Cement's profit rises multi-fold to ₹205 crore in Q1 FY26
NEW DELHI: Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group , on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements . Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to Rs 724.28 crore in the June quarter. Its total income, which includes other income, climbed 23.7 per cent in the June quarter to Rs 868.64 crore. After an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. "Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said. On October 22, 2024, Adani Group firm Ambuja Cements entered into a share purchase agreement with the promoter group and certain other shareholders to acquire 46.80 per cent of the shareholding of the company. Shares of Orient Cement Ltd on Friday settled at Rs 252.90 apiece on BSE, down 1.50 per cent from the previous close.
Time of India
6 hours ago
- Time of India
Orient Cement's profit rises multi-fold to ₹205 crore in Q1 FY26
Advt Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group , on Friday reported a multi-fold jump in its net profit to ₹205.37 crore for the first quarter ended June company had posted a net profit of ₹36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements Its revenue from operations surged 24.44 per cent to ₹866.47 crore in the June quarter. It was ₹696.26 crore in the year-ago total expenses grew 12.4 per cent to ₹724.28 crore in the June total income, which includes other income, climbed 23.7 per cent in the June quarter to ₹868.64 an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company."Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it October 22, 2024, Adani Group firm Ambuja Cements entered into a share purchase agreement with the promoter group and certain other shareholders to acquire 46.80 per cent of the shareholding of the of Orient Cement Ltd on Friday settled at ₹252.90 apiece on BSE, down 1.50 per cent from the previous close.
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Business Standard
a day ago
- Business Standard
Orient Cement Q1 profit jumps to ₹205 cr as sales rise 24% to ₹866 cr
Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to ₹205.37 crore for the first quarter ended June 2025. The company had posted a net profit of ₹36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to ₹866.47 crore in the June quarter. It was ₹696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to ₹724.28 crore in the June quarter. Its total income, which includes other income, climbed 23.7 per cent in the June quarter to ₹868.64 crore. After an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. "Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said. On October 22, 2024, Adani Group firm Ambuja Cements entered into a share purchase agreement with the promoter group and certain other shareholders to acquire 46.80 per cent of the shareholding of the company. Shares of Orient Cement Ltd on Friday settled at ₹252.90 apiece on BSE, down 1.50 per cent from the previous close.
