Orient Cement Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
ORIENTCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Cement, now a subsidiary of Ambuja Cements (which holds 72.66% after the April-June 2025 acquisition), reported revenue from operations of ₹643 crore for Q2 FY26, up about 18% from ₹544 crore a year ago. For the half year, revenue rose to ₹1,510 crore from ₹1,240 crore, a growth of roughly 22%. Reported profit after tax jumped sharply to ₹491 crore in Q2 and ₹2,545 crore in H1, but these numbers are heavily inflated by one-time tax benefits — a deferred tax remeasurement reversal of about ₹812 crore in Q1 (from opting for the lower 115BAA tax regime) and a reversal of excess tax provision of ₹168 crore. The statutory auditors (GKC & Co., a new firm replacing the predecessor auditors) issued an unmodified review report. The company also reassessed useful life of its power plant, pushing Q2 depreciation up by about ₹63 crore, while power and fuel costs climbed to ₹212 crore from ₹136 crore.
The headline profit numbers look very strong, but the underlying operational performance is more modest once the tax windfalls and accounting changes are stripped out. Shareholders should focus on the actual revenue growth (~18-22% YoY) and rising power and fuel costs. The change of control under Ambuja Cements and the switch of statutory auditors are the key corporate events to track.