Orient Cement surges 10%, hits 52-week high on strong Q4 results

The company's stellar performance is backed by a 17.1 per cent YoY jump in sales volumes (1.85 MT) along with strong realisations (up 8.5 per cent YoY) in the company's key operating regions

Shares of Orient Cement surged 10 per cent to Rs 133.70 on the BSE in intra-day trade on Tuesday after the company’s net profit in the March quarter of the financial year 2020-21 (Q4FY21) more than doubled to Rs 99.88 crore, on the back of healthy operational performance. The company had posted a profit of Rs 44.07 crore in Q4FY20.

The cement maker reported revenue growth of 27.1 per cent year-on-year (YoY) at Rs 832 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) margin improved by 530 basis points (bps) YoY and 174 bps quarter-on-quarter (QoQ) to 24.4 per cent.

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