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Jul 12, 2012, 08.23 AM IST
CARE Equity Research has maintained a fundamental grade of 4/5 on OCL India. This indicates very good fundamentals.
CARE Equity Research has maintained a fundamental grade of 4/5 on OCL India . This indicates very good fundamentals.
Revenue nosedives by 22%; led by 39% decrease in cement volume
OCL reported 22% y-o-y and 21% q-o-q decline in net revenues to Rs.341.2 crore during Q4FY12 (refers to the period January 2012 to March 2012) on account of lower cement volume which declined by 39% to 0.60 mn tons. However, the decline in cement volumes was mitigated to an extent by 20% increase in realization to Rs.4,196/ ton. Revenue from the refractory division declined by 11% y-o-y to Rs.84 crore.
Lowest operating performance in last eight quarters
Update on Lanjiberna Mines
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