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Orient Cement
Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to Rs 724.28 crore in the June quarter. Its total income, which includes other income, climbed 23.7 per cent in the June quarter to Rs 868.64 crore. After an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. "Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said. On October 22, 2024, Adani Group firm Ambuja Cements entered into a share purcha
Adani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters' stake of CK Birla group firm Orient Cement Ltd (OCL) and has become a promoter. With this, the total shareholding of Ambuja Cements in OCL has gone up to 46.66 per cent, as it has also acquired 1.82 crore share representing 8.87 per cent from public shareholders of OCL. "Ambuja has completed the acquisition of 7,76,49,413 equity shares (representing 37.79 per cent of equity share capital) of the company from the promoter group," said a regulatory filing from OCL. Pursuant to the acquisitions from the promoter group and public shareholders, Ambuja has acquired sole control of OCL and has become the promoter of the company, it added. Last October, Ambuja Cements had announced to acquire OCL at a valuation of Rs 8,100 crore as part of its expansion drive.
CK Birla group firm Orient Cement Ltd on Sunday reported a 38.3 per cent decline in net profit to Rs 42.07 crore for the March quarter. The company reported a net profit of Rs 68.19 crore in the year-ago period, according to a regulator filing from Orient Cement Ltd (OCL). Its revenue from operations was down 7.07 per cent to Rs 825.18 crore in the March quarter. It was Rs 888.02 crore in the corresponding period a year ago. OCL's total expenses were down 2.61 per cent to Rs 764.96 crore in the March quarter. Its total income, which includes other income, was down 7 per cent in the March quarter at Rs 832.84 crore. For the entire 2024-25 fiscal year, OCL reported a decline of 47.8 per cent in profit to Rs 91.24 crore from Rs 174.85 crore a year earlier. Its total income was down 14.7 per cent to Rs 2,728.69 crore for the financial year, which ended on March 31, 2025. It was Rs 3,200.60 crore in FY24. Meanwhile, in a separate filing, OCL said that its board in a meeting on Sunday
Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement. This includes a 37.90 per cent stake from the current promoter group and an additional 8.90 per cent from certain public shareholders. Pursuant to the acquisition of shares, it "triggers an obligation on the acquirer to make an open offer under Sebi's SAST (Substantial Acquisition of Shares and Takeovers) rules for acquisition of up to 26 per cent of the expanded share capital of the target (open offer)", according to the notice. Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8 per cent, said a not
CK Birla group firm Orient Cement Ltd on Friday reported a 90.5 per cent decline in net profit to Rs 2.32 crore for the second quarter ended September 2024. The company reported a net profit of Rs 24.62 crore for the July-September quarter a year ago. Its revenue from operations was down 24.5 per cent at Rs 544.02 crore during the quarter under review against Rs 720.57 crore in the corresponding period a year ago. Total expenses of OCL were at Rs 544.47 crore in the September quarter, down 20 per cent. Last month Billionaire Gautam Adani-owned Adani Cement announced signing a binding agreement for the acquisition of OCL at a valuation of Rs 8,100 crore. Its step-down unit Ambuja Cements will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders. It has also announced an open offer to acquire 26 per cent from the market at a price band of Rs 395.40, which opens on December 16, 2024. Shares of Orient Cement Ltd on Friday settled at Rs 336.90
CK Birla group firm Orient Cement Ltd on Monday reported a 63.54 per cent increase in consolidated net profit to Rs 44.99 crore for the December quarter. The company had reported a net profit of Rs 27.51 crore in the year-ago period, Orient Cement Ltd (OCL) said in a regulatory filing. Its revenue from operations rose 2.6 per cent to Rs 751.30 crore during the quarter under review from Rs 732.29 crore a year ago. OCL's total expenses were down 1 per cent to Rs 681.44 crore in the third quarter of the ongoing fiscal. Its total income was at Rs 753.22 crore, up 2.7 per cent in the December quarter. Meanwhile, in a separate filing, OCL said its board has approved the reappointment of Desh Deepak Khetrapal as the Managing Director and Chief Executive Officer of the company, subject to approval of the shareholders, for a period of one year. Shares of Orient Cement Ltd on Monday settled at Rs 267.10 on the BSE, down 4.42 per cent from its previous close.
C K Birla group firm Orient Cement Ltd on Tuesday reported a marginal decline in its net profit at Rs 37.03 crore in the June quarter. It had posted a net profit of Rs 37.41 crore in the April-June quarter a year ago, Orient Cement said in a regulatory filing. Its revenue from operation was up 15.58 per cent at Rs 825.17 crore during the quarter under review as against Rs 713.93 crore in the year-ago period. Orient Cement's total expenses were at Rs 772.39 crore in Q1 of FY2023-24, up 17.73 per cent. In the June quarter, the company's total income was up 16 per cent at Rs 829.60 crore. Shares of Orient Cement Ltd on Tuesday settled 2.18 per cent lower at Rs 143.85 apiece on the BSE.