Latest news with #OrientCement
Business Standard
3 days ago
- Business
- Business Standard
Orient Cement rises as Q1 PAT skyrockets 459% YoY to Rs 205 cr
Orient Cement jumped 3.01% to Rs 260.50 after the company's standalone net profit surged 459.43% to Rs 205.37 crore in Q1 FY26 as against Rs 36.71 crore posted in Q1 FY25. Revenue from operations rose 24.44% year on year (YoY) to Rs 866.47 crore in the quarter ended 30 June 2025. Profit before tax stood at Rs 144.36 crore in Q1 FY26, registering a 149.24% increase compared to Rs 57.92 crore in Q1 FY25. Total expenses rose by 12.38% to Rs 724.28 crore during the quarter. The cost of materials consumed increased by 36.13% year-on-year (YoY) to Rs 135.73 crore. Employee benefit expenses fell by 16.90% YoY to Rs 42.22 crore. Finance costs decreased by 44.83% YoY. Power and fuel expenses rose by 30.25% YoY, amounting to Rs 238.63 crore, while packaging, freight, and forwarding charges went up by 4.37% YoY to Rs 200.40 crore during the period under review. Orient Cement is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.
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Business Standard
3 days ago
- Business
- Business Standard
Orient Cement shares rally 6% after multi-fold Q1 profit jump; details here
Shares of Orient Cement surged over 6 per cent after the company reported a multi-fold jump in its net profit for the first quarter ended June 2025 (Q1FY26). The Adani Group cement maker's stock rose as much as 6.11 per cent during the day to ₹267.8 per share, the biggest intraday rise since June 25 this year. The stock pared gains to trade 2.6 per cent higher at ₹258.9 apiece, compared to a 0.01 per cent advance in Nifty 50 as of 10:40 AM. Shares of the company extended their winning streak after a one-day blip on Friday and have risen nearly 20 per cent from their June lows. The counter has fallen 25 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Orient Cement has a total market capitalisation of ₹5,316.27 crore. Orient Cement Q1 results The cement maker reported a multi-fold jump in net profit to ₹205.37 crore for the quarter ended June 2025, compared to ₹36.71 crore in the same period last year. The revenue from operations rose 24.4 per cent year-on-year (Y-o-Y) to ₹866.47 crore, up from ₹696.26 crore in the June 2024 quarter. Total expenses increased by 12.4 per cent to ₹724.28 crore during the quarter, while total income, including other income, grew 23.7 per cent to ₹868.64 crore. Open offer by Ambuja Cements Ambuja Cements announced the acquisition of Orient Cement for an equity value of ₹8,100 crore, a strategic step aimed at surpassing 100 MTPA in operational capacity. This acquisition includes a 46.6 per cent stake in Orient Cement, acquired from its current promoters and certain public shareholders, all funded through internal accruals. About Orient Cement Orient Cement, founded in 1979 as a Division of Orient Paper and Industries, was demerged and its equity shares were listed on stock exchanges in 2012, and since then, it has emerged as one of the most respected cement manufacturers in India. The company is primarily engaged in cement manufacturing and selling, and it has a presence in various states such as Maharashtra, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Gujarat, and some parts of Madhya Pradesh & Chhattisgarh.
Business Standard
5 days ago
- Business
- Business Standard
Orient Cement standalone net profit rises 459.44% in the June 2025 quarter
Sales rise 24.45% to Rs 866.48 crore Net profit of Orient Cement rose 459.44% to Rs 205.37 crore in the quarter ended June 2025 as against Rs 36.71 crore during the previous quarter ended June 2024. Sales rose 24.45% to Rs 866.48 crore in the quarter ended June 2025 as against Rs 696.27 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 866.48696.27 24 OPM % 21.0713.79 - PBDT 181.6896.48 88 PBT 144.3757.92 149 NP 205.3736.71 459
Mint
19-06-2025
- Business
- Mint
Ambuja Cements raises stake in Orient Cement to 72.66%. Details here
Adani Group stock Ambuja Cements has acquired a 26 percent stake in Orient Cement, pushing its total shareholding in the company to 72.66 percent. The strategic acquisition was executed via an open offer under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, and marks a major consolidation move within the Indian cement sector. In a regulatory filing dated June 18, 2025, Ambuja Cements disclosed the purchase of 5.34 crore equity shares in Orient Cement at ₹ 395.40 apiece. This acquisition—amounting to exactly 26 percent of Orient Cement's total share capital—was conducted through an open offer extended to public shareholders. Prior to this transaction, Ambuja held 9.58 crore shares or 46.66 percent stake in the company. With this latest round of acquisition, its total ownership has risen to 14.92 crore shares, accounting for 72.66 percent of Orient Cement's equity. The transaction did not involve any complex financial instruments such as convertible securities, warrants, or pledged shares. Ambuja acquired only direct equity shares with voting rights, making the deal transparent and compliant with regulatory guidelines. The acquisition is part of Ambuja Cements' long-term expansion strategy and dovetails with the Adani Group's broader ambitions in the infrastructure and building materials space. By crossing the 70 percent ownership threshold in Orient Cement, Ambuja is expected to gain greater operational control and the ability to drive synergies across manufacturing, logistics, and marketing. This move comes at a time when the Adani Group is aggressively scaling up capacity through both organic and inorganic routes. With Orient Cement now firmly under its control, Ambuja could leverage its distribution and production capacity more efficiently across regions. In a post-deal note, global brokerage Jefferies maintained a bullish stance on Ambuja Cements. 'We maintain our 'Buy' rating on Ambuja Cement with a target price of ₹ 700, implying a 29 percent upside from current levels,' the brokerage said. Jefferies also highlighted that management is on track to scale cement capacity to 140 million tonnes per annum by FY28, up from 100 MTPA currently. 'The company is focused on cost efficiencies and expects industry demand to recover to 7-8 percent in FY26,' Jefferies added. According to the management, recent pricing trends have also shown improvement, indicating a more favorable operating environment going forward. Despite the strategic significance of the deal, the market reaction has been mixed. Ambuja Cement shares traded flat on June 19, slipping marginally by less than one percent. The stock is down over 2 percent so far in June. Meanwhile, Orient Cement has seen significant volatility. After plunging over 16 percent in the previous session, the stock fell another 1 percent in intra-day trading today. For June so far, Orient Cement has tanked nearly 28.5 percent, likely reflecting investor concerns around valuation, open offer pricing, or future integration uncertainties. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
18-06-2025
- Business
- Business Standard
Orient Cement tanks 18%, sharpest intra-day fall since March 20; here's why
Share price of Orient Cement today Shares of Orient Cement tanked 18 per cent to ₹250 on the BSE in Wednesday's intra-day trade amid heavy volumes. The stock price of this smallcap cement & cement products company recorded its sharpest intra-day fall in over five years. Earlier, on March 23, 2020, the stock price of Orient Cement had plunged 20 per cent. Since June 9, in the past eight trading days, the market price of Orient Cement has slipped 29 per cent after closure of open offer made by Ambuja Cements. At 11:46 AM; Orient Cement was quoting 17.6 per cent lower at ₹250.95, as compared to 0.25 per cent decline in the BSE Sensex. The average trading volumes at the counter jumped multiple-fold. A combined 6.03 million shares representing 3 per cent of total equity of Orient Cement changed hands on the NSE and BSE. Open offer by Ambuja Cements Ambuja Cements announced the acquisition of Orient Cement for an equity value of ₹8,100 crore, a strategic step aimed at surpassing 100 MTPA in operational capacity. This acquisition includes a 46.6 per cent stake in Orient Cement, acquired from its current promoters and certain public shareholders, all funded through internal accruals. Ambuja Cements completed the acquisition of 95.87 million equity shares constituting 46.66 per cent of the existing share capital of Orient Cement on April 22, 2025. Ambuja Cements, thereafter, made an open offer to acquire 53.4 million equity shares constituting 26 per cent of expanded share capital at a price of ₹395.40 per equity share from the public shareholders of the Orient Cement under the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer by Ambuja Cements to acquire shares of Orient Cement concluded on June 9, 2025. As per letter of offer, the tendering period for the offer ran from May 27, 2025, to June 9, 2025. About Orient Cement Orient Cement, founded in 1979, as a Division of Orient Paper and Industries, was demerged and its equity shares were listed on stock exchanges in 2012, and since then it has emerged as one of the most respected cement manufacturers in India. The company is primarily engaged in cement manufacturing and selling, and it has a presence in various states such as Maharashtra, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Gujarat, and some parts of Madhya Pradesh & Chhattisgarh.
