Orient Cement cheers up

about 1 month ago
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The Q2FY22 earning of Orient Cement cheered the punters. The stock, which had closed yesterday at Rs.146.70, opened in the positive today at Rs.152.70, going to an intraday high at Rs.158.55. Its 52-week high is at Rs.173.40.

The company, as explained in our “Little Gems” section, posted exceptionally robust Q2 numbers, with income for Q2 FY 22 placed at Rs. 616 cr, up 28% (YoY), with EBITDA rising 18% at Rs.137 crore.

PBT rose 58% at Rs.86 crore and net profit showed a good 63% jump at Rs.57 crore. H1FY22 EPS is at Rs.7.14, against Rs. 2.95 YoY, a growth of 142%.

This is the best Q2 numbers posted by any Cement stock till this date. Orient Cement saw LT debt reducing to Rs. 580 cr, as at 30-9-21, from Rs. 784 cr on 31-3-21, while ST Debt seen unchanged at Rs. 140 cr. This led to lower finance cost in HI FY 22 at Rs. 31 cr against Rs. 53 cr for H1 of FY21.

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