Orient Cement Ltd has reported a 62.4 per cent decline in its net profit to Rs 77 crore for the <a href="https://www.mid-day.com/business/business-news/article/adani-power-net-profit-climbs-over-47-per-cent-board-approves-rs-15000-crore-fund-raising-plan-23641054" target="_blank" rel="none noopener">June quarter of FY27</a>, on a year-on-year basis.&nbsp;
The company had reported a net profit of Rs 205 crore for the April-June period a year ago, the subsidiary of <a href="https://www.mid-day.com/business/business-news/article/adani-enterprises-not-evaluating-any-proposal-to-enter-the-airline-business-23641375" target="_blank" rel="none noopener">Adani Group-owned</a> Ambuja Cements said in a regulatory filing on Thursday.
Its revenue from operations dropped 30.25 per cent to Rs 604 crore in Q1 FY27, compared to Rs 866 crore in the corresponding period a year ago.
Orient Cement's total expenses stood at Rs 506 crore, down 30.11 per cent from Rs 724 crore in the June quarter of the preceding fiscal year.
Moreover, in a separate filing, Orient Cement also informed the stock exchanges that it has acquired a 9.04 per cent stake in Vena Energy KN Wind Power Private Ltd. The acquisition, worth a total of Rs 12,34,350, includes equity shares and cumulative convertible preference shares.&nbsp;
"The company wishes to offtake the contracted quantity of electricity generated from the project as a captive user under the captive consumption framework prescribed under the Electricity Act and the rules thereunder," it said.
The proposed acquisition will be completed on or before August 31, 2026, the company said.
VENA, incorporated in June 2014, is engaged in the business of power generation by using renewable sources of energy. It is operating a 46 MW wind power project in Mangoli District, in the State of Karnataka.
Orient Cement is being merged with Ambuja Cements, along with ACC, to create a unified pan-India cement platform under the <a href="https://www.mid-day.com/business/business-news/article/adani-group-gautam-adani-announces-aims-to-build-10-gigawatts-nuclear-capacity-by-2035-23636624" target="_blank" rel="none noopener">Adani Group</a>.
Shares of Orient Cement Ltd on Friday were trading flat at Rs 134.30 apiece on the BSE in the afternoon session.
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The company had posted a net profit of Rs 205 crore for the June quarter in FY26

Orient Cement Q1FY27 profit down 62.4 per cent, revenue slips to Rs 604 crore

Market ends in red as soaring crude oil prices weigh on investor sentiment

The company had reported a net profit of Rs 205 crore for the April-June period a year ago, the subsidiary of Adani Group-owned Ambuja Cements said in a regulatory filing on Thursday


Orient Cement Q1FY27: Profit declines 62.4 per cent, revenue slides to Rs 604 crore

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Home / Business / Business News / Article / Orient Cement Q1FY27: Profit declines 62.4 per cent, revenue slides to Rs 604 crore