Economy & Market
Orient Cement reports decline in sales for the quarter ended March
Orient Cement Ltd has reported a 27.08% y-o-y decline in net profit to Rs 26.34 crore in the quarter ended 31 March 2014, compared to Rs 36.12 crore recorded in the corresponding quarter of the previous year. Sales stood at Rs 396 crore in the quarter ended 31 March 2014, a marginal fall of 1% y-o-y compared to Rs 400.01 crore reported during the corresponding quarter of the previous year. Net profit fell by 37.51% y-o-y to Rs 101.02 crore in the FY2013-14, from Rs 161.67 crore in the previous year. Sales decreased by 3.65% y-o-y to Rs 1430.18 crore during FY2013-14, against Rs 1484.40 crore recorded during the year ended 31 March 2013.