Orient cement Ltd : Q4FY17 Results

Orient cement Ltd. reported its results for the quarter ended March 31, 2017 today.

The company's total sales for Q4FY17 came in at Rs 596.68 crore, which represents a 29.91 per cent sequential increase and 36.99 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 45.05 crore and its EBIT margin stood at 7.55 per cent.

The company reported PAT of Rs 16.52 crore as against the net loss of Rs 16.66 crore in Q3FY17 and a YoY decline of 10.56 per cent.

The company's stock opened for trading at Rs 166 on the BSE, and fell 3.43 per cent to close at Rs 160.60.

Orient Cement Limited is an India-based company engaged in the manufacture and sales of cement. The company's products include Birla A1 Premium Cement, Birla A1 Premium Cement-OPC 53 Grade and Birla A1 Premium Cement-OPC 43 Grade. The company's product mix includes ordinary Portland cement (OPC) and Pozzolana Portland cement (PPC), which are sold under the brand name of Birla A1.