Economy & Market
Orient Cement Q1 net down 20 per cent
Orient Cement reported a 20 per cent 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 had posted a net profit of Rs 34.87 crore in the year-ago period. Total income of the firm fell by 8.69 per cent to Rs 394.39 crore in the first quarter as against Rs 382.65 crore in the corresponding quarter of 2013-14. Total expenses during the quarter stood at Rs 301.34 crore as against Rs 327.36 crore.