Orient Cement Ltd 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.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹636 cr, −1.1% YoY vs ₹643 cr, −1.1% YoY; standalone sales ₹636 cr (−1.1% YoY); volumes flat amid subdued demand, but realisations held steady; 9M sales ₹2,146 cr (+14% YoY).
- EBITDA: ₹90 cr, +54.5% YoY vs ₹58 cr, margin 14.1% (+510 bps YoY); cost efficiencies, lower fuel costs, operational leverage drove surge; operating profit ₹166 cr (25.7% margin, +1,757 bps YoY).
- PAT: ₹28 cr, +174% YoY vs ₹10 cr (+174% YoY), EPS ₹1.35 (+176% YoY); 9M PAT ₹282 cr (+474% YoY); tax optimisation under Section 115BAA aided.
- Other key metrics: Power/fuel costs up to ₹243 cr (+44% YoY); packing/freight down to ₹27 cr (−85% YoY); debt-free balance sheet; ROE 14.38%; Ambuja Cements amalgamation progressing.
Management Commentary & Strategic Decisions
- Margin expansion masked volume weakness; operational excellence via cost control/pricing; strong 9M turnaround.
- Strategic moves: Ambuja majority stake acquisition underway; debt-free flexibility; attractive valuation (P/E 17x vs industry 43x).
Q2 FY26 Earnings Results
- Revenue from Operations: ₹643 cr (+18% YoY vs ₹545 cr, −25.8% QoQ vs ₹866 cr); H1 revenue ₹1,691 cr (+22% YoY); capacity utilisation 65%.
- EBITDA: ₹183 cr (+77% QoQ), margin 21.1% (highest recent); coal/freight costs down.
- PAT: ₹49 cr (+2,016% YoY vs ₹2 cr); H1 PAT ₹25 cr (+551% YoY).
- Other key metrics: PBT ₹74 cr (+2,261% YoY); total expenses optimised.
Management Commentary Q2
- Exceptional profitability from margins despite QoQ revenue dip; demand improving.
- Strategic moves: Ambuja support; capacity ramp.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.