Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to ₹205.37 crore for the first quarter ended June 2025.
Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to ₹205.37 crore for the first quarter ended June 2025.
The company had posted a net profit of ₹36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements.
Its revenue from operations surged 24.44% to ₹866.47 crore in the June quarter. It was ₹696.26 crore in the year-ago period.
OCL's total expenses grew 12.4% to ₹724.28 crore in the June quarter.
Its total income, which includes other income, climbed 23.7% in the June quarter to ₹868.64 crore.
After an open offer, the total shareholding of Adani Group increased to 72.66% in the company.
"Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said.
On October 22, 2024, Adani Group firm Ambuja Cements entered into a share purchase agreement with the promoter group and certain other shareholders to acquire 46.80% of the shareholding of the company.
Shares of Orient Cement Ltd on Friday settled at ₹252.90 apiece on BSE, down 1.50% from the previous close.