Orient Cement’s net profit dips 1.02% in Q1 FY24, Real Estate News, ET RealEstate
NEW DELHI: Orient Cement has reported a dip of 1.02 per cent in its net profit during the quarter ended June 30, 2023. Its profit after tax stood at Rs 37.03 crore in Q1 FY24 as against Rs 37.41 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net total income stood at Rs 829.60 crore in Q1 FY24, a growth of 16.01 per cent from Rs 715.14 crore it recorded in the similar quarter last year.
Subsequent to the current quarter ended on June 30, 2023, the company had entered into a share subscription and shareholders’ agreement with Cleantech Solar India OA2 and Ardeur Renewables for the purpose of setting up two solar power plants under captive scheme with an investment in share capital of Rs 9.50 crore, the company said in the regulatory filing.
