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Last Updated : Nov 10, 2016 10:45 AM IST | Source: CNBC-TV18

Orient Cement on why its volumes were hurt

Deepak Khetrapal, MD & CEO of Orient Cement said at the EBITDA level it has been a poor performance this last quarter.


Deepak Khetrapal, MD & CEO of Orient Cement said at the EBITDA level it has been a poor performance this last quarter.

Orient Cement reported a standalone net loss of Rs 29.4 crore for the quarter ended September 30, 2016, against a net profit of Rs 28 crore in the year-ago period. Total standalone income of the company rose by 11 percent to Rs 445 crore in April-September quarter this fiscal from Rs 400 crore during the same quarter in 2015-16.

“Our markets and plants underwent some difficulty because of monsoon rains. It led to operational challenges,” he said. He said that the thermal power plant that sends fly ash to be blended with clinker wasn’t producing power. That also hurt our volumes, he said.

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First Published on Nov 10, 2016 10:17 am
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