Financial Results for Quarter Ended June 30, 2026 (Q1 FY27)
Income Statement Highlights (₹ in crore)
Total Income: ₹609 crore (Q1 FY27) vs ₹868 crore (Q1 FY26) - 29.8% decrease YoY
Revenue from operations: ₹604 crore
Other Income: ₹5 crore
Expenses: ₹506 crore
Cost of materials consumed: ₹149 crore
Changes in inventories: (₹26) crore
Employee benefits expense: ₹37 crore
Finance costs: ₹3 crore
Depreciation and amortization: ₹43 crore
Power and fuel: ₹227 crore
Packing, freight and forwarding charges: ₹31 crore
Other expenses: ₹42 crore
Profit before exceptional item and tax: ₹103 crore vs ₹144 crore (Q1 FY26)
Exceptional item: ₹0 crore
Profit before tax: ₹103 crore
Tax expense: ₹26 crore
Current tax: ₹32 crore
Deferred tax: (₹6) crore
Profit after tax: ₹77 crore vs ₹205 crore (Q1 FY26) - 62.4% decrease YoY
Total comprehensive income: ₹77 crore
Key Metrics
Earnings per share (Basic and Diluted): ₹3.76 (not annualized)
Paid-up equity share capital: ₹21 crore (face value ₹1 per share)
Other equity: ₹2,125 crore (as referenced)
Acquisition of Stake in Vena Energy KN Wind Power Private Limited
Transaction Details
Target Company: Vena Energy KN Wind Power Private Limited (CIN: U40103KA2014PTC074916)
Business: Power generation using renewable sources, operating 46 MW wind power project in Mangoli District, Karnataka
Acquisition Structure: Purchase of 9.04% shareholding comprising:
25,665 equity shares of ₹10 each
9,777 cumulative convertible preference shares of ₹100 each
Cost of Acquisition: ₹12,34,350 (cash consideration)
Expected Completion: On or before August 31, 2026
Purpose: To offtake contracted quantity of electricity generated from the project as captive power under Electricity Act framework
Target Company Financials
Turnover History:
FY 2024-25: ₹59,85,40,672
FY 2023-24: ₹69,23,23,175
FY 2022-23: ₹66,28,47,350
Incorporation Date: June 18, 2014
Regulatory Aspects
Not a related party transaction
No governmental or regulatory approvals required
Disclosure made pursuant to SEBI Circular No. HO/CFD/CFD-PoD-2/P/CIR/2026/14 dated January 30, 2026
Corporate Developments and Updates
Ownership Structure Change
Ambuja Cements Limited acquired 46.66% stake (9,58,73,163 equity shares) on April 22, 2025, gaining operational and financial control
Subsequent open offer completed on June 18, 2025, increasing Ambuja's holding to 72.66% (14,92,92,730 equity shares)
Company became subsidiary of Ambuja Cements Limited
Amalgamation Scheme with Ambuja Cements
Scheme of Amalgamation approved by boards on December 22, 2025, with appointed date May 1, 2025
Received no-objection certificates from BSE and NSE on June 4, 2026
Filed joint application with NCLT Ahmedabad Bench
NCLT order dated July 20, 2026, directed equity shareholder meeting on September 28, 2026
Exchange ratio: 33 equity shares of Ambuja Cements (face value ₹2) for every 100 equity shares of Orient Cement (face value ₹1)
Ambuja's shares in Orient Cement will be cancelled
Other Material Updates
Employee Stock Options: Allotted 349,976 equity shares on April 7, 2025, under ESOP Scheme 2015
Accounting Policy Changes:
Reassessment of useful life and residual value of PPE increased depreciation by ₹63 crore in FY26
Opted for reduced tax rate under Section 115BAA, resulting in ₹81 crore deferred tax liability reversal in FY26
Labour Code Implementation: Government notification on November 21, 2025, resulted in ₹6 crore increase in defined benefit obligations (recognized as exceptional item in FY26)
Registered Office Change: Shifted to Adani Corporate House, Ahmedabad, effective January 9, 2026
Inter-Corporate Deposit: Provided ₹450 crore ICD to Ambuja Cements at 8% interest per annum, repayable by March 31, 2027
