ORIENTCER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Ceratech reported strong full-year results with standalone net profit nearly doubling to ₹1,868.21 Lacs (vs ₹961.49 Lacs YoY) and consolidated net profit at ₹2,185.85 Lacs (vs ₹992.59 Lacs). Revenue from operations grew 22% to ₹40,538.98 Lacs. The Board recommended a 35% dividend (₹0.35 per ₹1 share) subject to shareholder approval. Key governance changes include re-appointment of Independent Director Ketan Shrimankar for a second term and appointment of Krupal Upadhyay as Company Secretary. The company also approved the sale of its Thermal Power Station (Power Division) at Porbandar for ₹3.75 Crores to SS Fabrication, a non-related party, with completion expected within 6 months. The Power Division was a captive unit that reported segment losses of ₹432.76 Lacs for FY26. Additional charges included ₹169.28 Lacs exceptional item for new labour codes and ₹338.21 Lacs accelerated depreciation on wind turbines. Statutory auditors issued an unmodified opinion.
Double-digit profit growth and dividend declaration are positive signals. Sale of loss-making power division may improve future profitability. Clean audit opinion adds credibility. Watch for power division asset sale completion and its impact on financials.