Financial Results Summary

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹565 crore
  • Other income: ₹5 crore
  • Total Income: ₹570 crore
  • Profit before tax: ₹44 crore
  • Tax expense: ₹12 crore
  • Profit after tax: ₹32 crore
  • Other comprehensive income: ₹2 crore (net of tax)
  • Total comprehensive income: ₹34 crore
  • Basic and diluted EPS: ₹1.56

Half Year Performance (H1 FY27)

  • Revenue from operations: ₹1,169 crore
  • Other income: ₹13 crore
  • Total Income: ₹1,182 crore
  • Profit before tax: ₹147 crore
  • Tax expense: ₹38 crore
  • Profit after tax: ₹109 crore
  • Other comprehensive income: ₹3 crore (net of tax)
  • Total comprehensive income: ₹112 crore
  • Basic and diluted EPS: ₹5.31

Comparative Performance

  • Q2 FY27 PAT increased 53% YoY from ₹32 crore in Q2 FY26 to ₹49 crore
  • H1 FY27 PAT increased 30% YoY from ₹84 crore in H1 FY26 to ₹109 crore
  • Q2 FY27 revenue decreased 7% QoQ from ₹604 crore in Q1 FY27 to ₹565 crore

Key Expense Components (Q2 FY27)

  • Cost of materials consumed: ₹174 crore
  • Employee benefits expense: ₹35 crore
  • Finance costs: ₹1 crore
  • Depreciation and amortization: ₹43 crore
  • Power and fuel: ₹201 crore
  • Packing, freight and forwarding charges: ₹30 crore
  • Other expenses: ₹49 crore

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹3,165 crore
  • Non-current assets: ₹1,819 crore (including property, plant and equipment: ₹1,611 crore)
  • Current assets: ₹1,346 crore (including inventories: ₹276 crore, trade receivables: ₹310 crore)
  • Total Equity: ₹2,247 crore (equity share capital: ₹21 crore, other equity: ₹2,226 crore)
  • Non-current liabilities: ₹327 crore
  • Current liabilities: ₹591 crore

Cash Flow Statement (H1 FY27)

  • Cash generated from operations: ₹536 crore
  • Income tax paid: ₹3 crore
  • Net cash from operating activities: ₹533 crore
  • Net cash used in investing activities: ₹532 crore (mainly ₹512 crore inter-corporate deposit given)
  • Net cash used in financing activities: ₹12 crore
  • Net decrease in cash and cash equivalents: ₹11 crore

Significant Corporate Developments

Acquisition by Ambuja Cements

  • Ambuja Cements acquired 46.66% stake (9,58,73,163 shares) on April 22, 2025
  • Open offer completed on June 18, 2025 acquiring additional 26% stake (5,34,19,567 shares)
  • Total Ambuja Cements holding: 72.66% (14,92,92,730 shares)
  • Ambuja took operational and financial control from April 22, 2025

Amalgamation Scheme

  • Board approved Scheme of Amalgamation with Ambuja Cements on December 22, 2025
  • Appointed date: May 1, 2025
  • Share exchange ratio: 33 Ambuja shares (face value ₹2) for every 100 Orient Cement shares (face value ₹1)
  • Shareholders meeting approved scheme on September 28, 2026
  • NCLT fixed hearing date for November 19, 2026

Tax Regime Change

  • Company opted for reduced tax rate under Section 115BAA during FY26
  • Resulted in reversal of ₹81 crore deferred tax liability during FY26
  • Reversal of excess income tax provision of ₹17 crore for FY25

Employee Stock Options

  • Allotted 349,976 equity shares on April 7, 2025 under ESOP Scheme 2015
  • Paid-up share capital increased consequent to allotment

Inter-Corporate Deposits

  • Company gave ₹512 crore ICDs to Ambuja Cements (holding company) during H1 FY27
  • Interest rate: 8% per annum
  • Repayable on or before March 31, 2027
  • Approved by shareholders on April 1, 2026

Registered Office Change

  • Shifted from Bhubaneswar, Orissa to Ahmedabad, Gujarat effective January 9, 2026
  • New address: Adani Corporate House, Shantigram, Near Vaishnav Devi Circle, S.G. Highway, Khodiyar, Ahmedabad

Audit Review

  • Limited review conducted by G.K. Choksi & Co., Chartered Accountants
  • Review performed under SRE 2410
  • No material misstatements identified in the financial results