Orient Cement Limited has informed the Exchange about Investor Presentation
ORIENTCEM · price
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Orient Cement (part of Adani Cement / Ambuja group) filed the parent Ambuja Cements' investor presentation for Q2 and H1 FY'26. Ambuja Consolidated reported a record Q2 revenue of Rs 9,174 Cr (+21% YoY), EBITDA of Rs 1,761 Cr (+58% YoY) with margin expanding 4.5pp to 19.2%, and EBITDA per tonne at Rs 1,060 (+32% YoY). PAT jumped 364% YoY to Rs 2,302 Cr, though largely boosted by a one-time income tax reversal of Rs 1,697 Cr; comparable PAT grew more modestly. Management raised FY'28 capacity target from 140 MTPA to 155 MTPA, reaffirmed Rs 1,500/tonne EBITDA and Rs 3,650/tonne cost targets, and confirmed debt-free status with Rs 69,493 Cr net worth. Penna and Sanghi merger processes with NCLT are in progress, expected to close by end-FY'26.
Strong operational performance with margin expansion and clear multi-year cost and capacity roadmap is positive for Orient Cement shareholders as a subsidiary of Ambuja. The cash balance has shrunk to Rs 1,813 Cr from Rs 10,125 Cr due to the Orient acquisition and capex, but management's debt-free status and Rs 746 Cr tax refund in October provide comfort on funding the growth plan.