Net Sales are expected to increase by 3 percent Y-o-Y (down 12.3 percent Q-o-Q) to Rs. 658.8 crore, according to HDFC Securities.
Net Sales are expected to decrease by 1.3 percent Y-o-Y (down 9.5 percent Q-o-Q) to Rs. 560.8 crore, according to Kotak.
Orient Cement has posted a good set of earnings along expected lines. In an interview to CNBC-TV18, Deepak Khetrapal, MD & CEO of the company spoke about the results and gave his outlook for the future.
Net Sales are expected to increase by 32.3 percent Y-o-Y (down 10.6 percent Q-o-Q) to R.s 508.2 crore, according to ICICI Securities.
The company managed to do clock volumes of 1.7 million tonnes in Q4FY17, said Deepak Khetrapal, MD & CEO, Orient Cement.
Deepak Khetrapal, MD & CEO of Orient Cement said at the EBITDA level it has been a poor performance this last quarter.
Net Sales are expected to increase by 1.5 percent Q-o-Q (up 24.5 percent Y-o-Y) to Rs 442 crore, according to Kotak Securities.
Net Sales are expected to decrease by 2.3 percent Q-o-Q (up 25.3 percent Y-o-Y) to Rs 437.1 crore, according to ICICI Securities
Cement realisations have fallen to Rs 3,200 per tonne in Q4FY16 from Rs 4000 per tonne earlier, said Deepak Khetrapal, MD & CEO of Orient Cement
Orient Cement reported a weak set of quarterly earnings. The company saw weakness in realizations, with an 11 percent year-on-year fall in prices, said Deepak Khetrapal, MD and CEO of the company.
The company reported a 20 percent fall in net profit at Rs 27.89 crore for the June quarter on account of lesser realisation in cement prices due to a dip in demand.
The company expects a revenue growth of Rs 1,750 crore by FY15 end.