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Oriental Carbon & Chemicals Ltd Q1FY24; 6% rise in Profits

Oriental Carbon & Chemicals started operations as Dharuhera Chemicals Limited in 1978 and was later merged with Oriental Carbon Limited in 1984. It belongs to the JP Goenka Group of Companies. In 1994, OCCL set-up a manufacturing facility for the production of Insoluble Sulphur, which is now the flagship product of the company. OCCL also manufactures Sulphuric Acid & Oleum.

Financial Results:

Oriental Carbon & Chemicals Ltd reported Revenues for Q1FY24 of ₹125.00 Crores down from ₹153.00 Crore year on year, a fall of 18.3%.

Total Expenses for Q1FY24 of ₹101.00 Crores down from ₹133.00 Crores year on year, a fall of 24.06%.

Consolidated Net Profit of ₹17.00 Crores up 6.25% from ₹16.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹16.31, up 8.88% from ₹14.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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