Orient Cement Ltd’s net profit drops 28% to Rs 44.06 cr for Q4FY20

New Delhi: Orient Cement Ltd’s net profit dropped 28 percent to Rs 44.06 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 61.98 crore in the same quarter of the previous fiscal.

The revenue from operations declined by about 13 percent to Rs 654.52 crore in the for the fourth quarter of the 2019-20 fiscal as compared to Rs 750.81 crore in the same quarter of the previous fiscal. 

For the entire fiscal 2019-20, the net profit of the company jumped nearly two-fold to Rs 86.58 crore as compared to Rs 47.55 crore in the same period of the previous fiscal.

For the entire fiscal 2019-20, the revenue from operations of the company declined marginally to Rs 2,421.79 crore as compared to Rs 2,522.16 crore in the same period of the previous fiscal, the company said in a regulatory filing.

 

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