Orient Cement share price declines 1% as Q4 profit falls 38.3% to ₹42 crore, dividend announced

The stock fell 1% to ₹354.25 apiece on the National Stock Exchange (NSE) at 9:18 am.

Orient Cement reported a 38.3% decline in its post-tax profit to ₹42.07 crore for the January-March quarter of FY25.

The company posted a net profit of ₹68.19 crore in the corresponding period a year ago, according to an exchange filing on the NSE.

Revenue from operations fell 7.07% to ₹825.18 crore in the March quarter. It was ₹888.02 crore a year back.

The total expenses declined 2.61% year-on-year (YoY) to ₹764.96 crore in the latest March quarter.

Orient Cement's total income, including other incomes, slipped 7% YoY in the quarter at ₹832.84 crore.

For the entire FY25, the company posted a 47.8% decline in profit to ₹91.24 crore, as against ₹174.85 crore in the previous fiscal year.

Total income descended 14.7% to ₹2,728.69 crore for the year ended on March 31, 2025, compared to ₹3,200.60 crore in FY24.

The company's board also recommended a dividend of ₹0.50 per share of ₹1 for the financial year 2024-25, subject to approval at the upcoming annual general meeting (AGM) of the company.

It also "allotted 3,49,976 fully paid-up equity shares of ₹1 each, pursuant to exercise of employee stock options under the Orient Cement Limited Employees Stock Option Scheme 2015."

In October 2024, Ambuja Cements, an Adani Group company, entered into a share purchase agreement with the firm's promoter group and some other shareholders to acquire a 46.80% stake.

"The acquirer received the approval from the Competition Commission of India (CCI) on March 4, 2025," Orient Cement said.