Orient Cement declared their Q2 FY24 results on 09 Nov, 2023. The topline increased by 17.11% & the profit came at ₹24.63cr. It is noteworthy that Orient Cement had declared a loss of ₹9.5cr in the previous fiscal year same period. As compared to the previous quarter, the revenue declined by 12.68%.
The Selling, general & administrative expenses declined by 10.26% q-o-q & increased by 14.94% Y-o-Y.
The operating income was down by 20.89% q-o-q & increased by 1229.16% Y-o-Y.
The EPS is ₹1.2 for Q2 FY24 which increased by 360.87% Y-o-Y.
Orient Cement has delivered a 9.92% return in the last 1 week, 66.2% return in the last 6 months, and 73.43% YTD return.
Currently, Orient Cement has a market cap of ₹4371.9 Cr and a 52wk high/low of ₹217.8 & ₹104.6 respectively.
As of 11 Nov, 2023, out of 9 analysts covering the company, 1 analyst has given a Strong Sell rating, 2 analysts have given a Sell rating, 1 analyst has given a Hold rating, 1 analyst has given a Buy rating, and 4 analysts have given a Strong Buy rating.
The consensus recommendation as of 11 Nov, 2023, was to Buy.
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 720.58 | 825.18 | -12.68% | 615.28 | +17.11% |
| Selling/ General/ Admin Expenses Total | 237.98 | 265.18 | -10.26% | 207.05 | +14.94% |
| Depreciation/ Amortization | 37.13 | 36.74 | +1.06% | 36.93 | +0.56% |
| Total Operating Expense | 671.17 | 762.73 | -12% | 619.66 | +8.31% |
| Operating Income | 49.4 | 62.45 | -20.89% | -4.38 | +1229.16% |
| Net Income Before Taxes | 42.43 | 57.21 | -25.84% | -10.09 | +520.59% |
| Net Income | 24.63 | 37.03 | -33.5% | -9.5 | +359.27% |
| Diluted Normalized EPS | 1.2 | 1.81 | -33.7% | -0.46 | +360.87% |
FAQs
Question : What is the Q2 FY24 profit/Loss as per company?
Ans : ₹24.63Cr
Question : What is Q2 FY24 revenue?
Ans : ₹720.58Cr
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Updated: 11 Nov 2023, 02:14 AM IST