Orient Cement’s net profit falls 55% to Rs 25 cr for Q1FY21

New Delhi: CK Birla Group firm Orient Cement Ltd’s net profit tanked 55 percent to Rs 25 crore for the first quarter of the current fiscal as compared to Rs 55 crore in the corresponding quarter of the previous fiscal. 

The revenue from operations fell 40 percent to Rs 410 crore in first quarter of the current fiscal as compared to Rs 687 crore in the corresponding quarter if the previous fiscal.

The total expenses of the company fell to Rs 373 crore in first quarter of the current fiscal as compared to Rs 604 crore in the corresponding quarter if the previous fiscal, the company said in a regulatory filing.

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