- Net profit in the fourth quarter grew by 225% to Rs. 85 crores
National, May 08, 2015 – Orient Cement Limited, a flagship company of USD 1.6 billion diversified CK Birla Group, has today announced its financial results for the year ended on March 31, 2015. The company has recorded a significant increase in annual net profit at Rs. 194.78 crores, reflecting an increase of 93% over Rs. 101 crores in the last financial year.
Financials – Q4FY15
- Net sales at Rs. 394.31 crores as compared to Rs. 401.39 crores in the corresponding period of the previous year
- Net profit (PAT) is Rs. 85.47 crores as against Rs. 26.34crores, up by 225%
Financials – FY15
- Net sales at Rs. 1547 crores was 8% higher than Rs. 1438.45 crores in the corresponding period of the previous year
- Net profit (PAT) is Rs. 194.78 crores as against Rs. 101 crores in the previous year, up by 93%
Deepak Khetrapal, Managing Director and Chief Executive Officer, Orient Cement said, “Our focus on optimising operational costs and growing our market share in core markets has helped us deliver these robust numbers. We have recorded volume of 9.90 lakh tons in Q4 FY15, representing capacity utilisation of close to 80%, one of the highest in the industry. The cement demand has been very sluggish across the country and the industry is reported to have nearly double digit de-growth on Q4 compared to Q4 FY14.”
“Our strengths lie in operational excellence and go-to-market strategy. Our strong distributor network and supply-chain helps us stay ahead of the curve. We are looking forward to expanding our reach and capacity with the upcoming Greenfield facility in Karnataka – which we are hoping to commission by this quarter of FY16,” said Khetrapal.
About Orient Cement
Orient Cement Limited is part of USD 1.6 billion diversified CK Birla Group. Earlier a division of the multi-product, multi-unit Orient Paper and Industries Limited, Orient Cement has recently de-merged and become a public limited company. The company produces 5MTPA cement annually from its two plants in Telangana and Maharashtra. Its first Greenfield project at Devapur in Adilabad District, Telangana began cement production in the year 1982. In the year 1997, a split-grinding unit (also a Greenfield project) at Nashirabad, in Jalgaon, Maharashtra was added.
Orient Cement is certified for both ISO 9001:2008, and ISO 14001:2004 and also OHSAS 18001:2007 from Det Norske Veritas, Netherlands. The company sells cement under its popular brand Birla A1 Premium Cement in Maharashtra, Telangana, Andhra Pradesh and parts of Tamil Nadu, Chattisgarh, Gujarat and MP.
About the CK Birla Group
The CK Birla Group is a US$1.6 billion diversified conglomerate that has over the years developed a strong footprint in manufacturing, engineering, technology, hospitals and education. With over 20,000 employees, 30 manufacturing facilities and a customer base that includes some of the world’s best known companies, the CK Birla Group’s businesses are present across five continents.
The Group’s Companies in sectors of Technology and Automotive are: AVTEC, Birlasoft, GMMCO, NEI and Neosym. These companies are leaders in manufacturing products for the automotive and related industries globally. The Groups’ manufacturing capability is further strengthened through its Home and Building solutions companies: HIL, Orient Cement, Orient Electric and Orient Paper. These companies manufacture everyday usage products like paper, fans, kitchen and home appliances, building materials like cement, low weight blocks and panels, pipes and fibre roofing sheets.
The CK Birla Group has two hospitals in Kolkata: CMRI, a multi-specialty hospital with and BM Birla Heart Research Centre: the first NABH accredited research and treatment centre for heart disease. The CK Birla Group has presence in the Education sector through Birla Institute of Technology, Mesra at Ranchi and Modern High School for Girls, Kolkata and Rukmani Birla Modern High School, Jaipur.
The CK Birla Group is deeply committed to creating sustainable positive impact. It allocates significant resources to philanthropic initiatives; including those in Science and Technology, Art and Culture, and heritage preservation. The Group also works to improve the livelihoods of rural and underprivileged communities.
For more information, please visit us at: www.ckbirlagroup.com.
Media contact:
Priyanka Sachdeva; +91 7838311985; priyanka.sachdeva@bm.com
Shankar Radhakrishnan; +919999384812; Shankar.Radhakrishnan@bm.com