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Orient Cement Ltd

| Audited Financial Results for the Quarter and Year Ended March 31, 2026

BULLISH SENTIMENT

Report Source

⬤28th Apr 26

Summary : Orient Cement reported strong FY26 financial results, recommended a dividend, and is undergoing amalgamation with Ambuja Cements, while navigating new Labour Codes.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of materials consumed: ₹65,286.58 lacs (FY26).
  2. Employee benefits expense: ₹16,221.35 lacs (FY26).
  3. Depreciation and amortisation expense: ₹23,110.80 lacs (FY26).
  4. Power and fuel: ₹91,963.81 lacs (FY26).
  5. Revenue from operations: ₹279,312.35 lacs (FY26), ₹270,883.37 lacs (FY25).
  6. Other Income: ₹2,307.02 lacs (FY26), ₹1,986.35 lacs (FY25).
  7. Cash generated from operations: ₹2,806.30 lacs (FY26).
  8. Net cash used in investing activities: ₹876.88 lacs (FY26).
  9. Net cash used in financing activities: ₹(3,206.06) lacs (FY26).
  10. Total Assets: ₹313,340.33 lacs (FY26), ₹280,263.30 lacs (FY25).
  11. Total Equity: ₹214,587.46 lacs (FY26), ₹180,790.99 lacs (FY25).
  12. Total Liabilities: ₹98,752.87 lacs (FY26), ₹99,472.31 lacs (FY25).
  13. Preparation of consolidated financial results is not applicable.

Corporate Overview

  1. Registered Office shifted to Ahmedabad, Gujarat.
  2. Higher depreciation expenses due to reassessment of asset useful life.
  3. Manufacture and sale of cement.
  4. Formal and informative, reporting financial results and corporate actions.
  5. Single reportable segment: manufacture and sale of cement.

Risk Factors

  1. New Labour Codes impact defined benefit obligation liabilities.
  2. Depreciation expenses higher due to reassessment of assets.
  3. Amalgamation scheme requires statutory and regulatory approvals.
  4. Future events may impact going concern assumption.

Key Drivers

  1. Ambuja Cements acquired majority stake in company.
  2. Board recommended dividend of Rs. 0.50 per share.
  3. Company opted for reduced tax rate regime 115BAA.
  4. Profit after tax significantly increased year-on-year.

Auditor’s Report

  1. Unmodified opinion on Audited Financial Results.

Board Commentary

  1. Appointment of M/s. P.M. Nanabhoy & Co. as Cost Auditors for FY 2026-27.
  2. Appointment of M/s. Grant Thornton Bharat LLP as Internal Auditor.
  3. Cessation of Mr. Shobhit Dwivedi as Internal Auditor due to organizational restructuring.
  4. Recommended dividend of Rs. 0.50 per equity share for FY 2025-26.
  5. Impact of new Labour Codes on defined benefit obligation liabilities.
  6. Impact of new Labour Codes on defined benefit obligation liabilities.
  7. Allotment of 349,976 equity shares under Employee Stock Option Scheme 2015.

Corporate Governance

  1. Audit Committee reviewed financial results and made recommendations.

Management Discussion & Analysis

Future Strategy

  1. Amalgamation scheme with Ambuja Cements Limited approved by Board.

Performance Drivers

  1. Acquisition by Ambuja Cements Limited, taking operational and financial control.

Risk Control Measures

  1. Company monitoring finalization of Central and State Rules for Labour Codes.

Critical Risks

  1. Impact of new Labour Codes on defined benefit obligation liabilities.
Orient Cement Ltd (ORIENTCEM) Quarterly Report Analysis & Insights | Dhanarthi