Orient Cement reports 35.35% yoy decline in Q2FY16 standalone net profit

Orient Cement, major cement producing company in India, reported standalone net profit of Rs. 28.01 crore for the quarter, registering growth of (35.35%) yoy and 0.43% qoq . Company’s revenue stood at Rs.356.80 crore, registering growth (7.54%) yoy and 2.12% qoq.