Orient Cement hits over 3-year high on strong operational performance in Q1

In Q1FY22, Ebitda margins improved by 250 basis points to 27.25 per cent in June 2021 quarter, sequentially.

Shares of Orient Cement hit an over three-year high of Rs 169.90, up 5 per cent on the BSE in intra-day trade on Tuesday after the company reported good operational performance for the quarter ended June 2021. Its Ebitda (earnings before interest, taxes, depreciation, and amortization) margins improved 250 basis points (bps) sequentially at 27.25 per cent in Q1FY22. The stock of CK Birla group company was trading at its highest level since January 2018.

Orient Cements’ operating revenue declined 17 per cent quarter-on-quarter (QoQ) to Rs 690 crore from Rs 832 crore in the previous quarter. However, Ebitda declined only