Enclosed
ORIENTCER · price
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Orient Ceratech reported strong FY2026 standalone revenue growth of 21.9% to ₹40,539 Lacs, with PAT jumping 94% to ₹1,868 Lacs. Consolidated PAT grew even faster at 120% to ₹2,186 Lacs. However, the Power Division continues to be a drag with segment loss of ₹433 Lacs (vs profit of ₹10 Lacs in FY25) and revenue declining 58% due to reduced wind generation. The company approved sale of its Thermal Power Station at Porbandar for ₹3.75 Cr to non-related party SS Fabrication, expected to complete in 6 months. Exceptional items of ₹169 Lacs (standalone) were recognized due to new labour codes impact. Auditors issued unmodified opinion. Board recommended dividend of ₹0.35 per share (35%).
Strong bottom-line growth with revenue up 22% and PAT nearly doubling. Sale of loss-making power division should improve future profitability. Cash position healthy with operating cash flow of ₹2,548 Lacs.