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The transition will trigger an open offer for an additional 26% stake in accordance with takeover laws, which mandate an incoming promoter or controlling entity to buy the additional shares from existing minority investors. ....
ICICI Securities has add call on Orient Cement with a target price of Rs 138. The current market price of Orient Cement Ltd. is Rs 127.5. Orient Cement Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 2601.83 Crore) operating in Cement sector. Orient Cement Ltd. key Products/Revenue Segments include Cement, Scrap and Power for the year ending 31-Mar-2020. Financials For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 834.28 Crore, up 36.32 % from last quarter Total Income of Rs 611.98 Crore and up 26.05 % from last year same quarter Total Income of Rs 661.87 Crore. Company reported net profit after tax of Rs 99.88 Crore in latest quarter. ....
Shares of Orient Cement surged 10 per cent to Rs 133.70 on the BSE in intra-day trade on Tuesday after the company’s net profit in the March quarter of the financial year 2020-21 (Q4FY21) more than doubled to Rs 99.88 crore, on the back of healthy operational performance. The company had posted a profit of Rs 44.07 crore in Q4FY20. The cement maker reported revenue growth of 27.1 per cent year-on-year (YoY) at Rs 832 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) margin improved by 530 basis points (bps) YoY and 174 bps quarter-on-quarter (QoQ) to 24.4 per cent. On account of the outbreak of the Covid-19 pandemic and consequent lockdown imposed by the government, the manufacturing facilities of the company were temporarily shut down during the start of the current year, Orient Cement said, adding that accordingly, the sales volume of the current year are impacted, although cement demand has been progressively recovering over the year wi ....