Orient Cement announced its Q2 FY25 financial results, revealing a decline in revenue and net profit on a year-over-year basis, while also showing sequential quarter-over-quarter decreases.
For the quarter ended September 30, 2024, Orient Cement’s revenue from operations stood at ₹544.02 crore, down from ₹720.58 crore in the corresponding quarter last year, representing a decline of approximately 24.5% YoY. On a quarter-over-quarter basis, revenue decreased by 21.9% from ₹696.27 crore in Q1 FY25.
In terms of profitability, the net profit for Q2 FY25 was ₹2.32 crore, a sharp decline from ₹24.63 crore in Q2 FY24, showing a 90.6% YoY drop. Sequentially, net profit also dropped significantly by 36.7% from ₹3.67 crore reported in Q1 FY25.
The quarter’s performance highlights the challenges facing Orient Cement, impacted by both lower demand and higher input costs, which have put pressure on the company’s margins. The management may focus on operational efficiencies and cost management initiatives to improve financial resilience in the coming quarters.
