Orient Cement This autumn web revenue rises over two-folds to Rs 99.87 crore


C Okay Birla group agency Ltd on Monday reported an over two-fold soar in web revenue at Rs 99.87 crore within the fourth quarter ended March 2021.

It had posted a web revenue of Rs 44.06 crore within the January-March quarter a yr in the past, mentioned in a BSE submitting.

Its income from operation rose 27.06 per cent to Rs 831.61 crore in the course of the quarter beneath evaluation as towards Rs 654.52 crore within the corresponding interval a yr earlier.

Complete bills have been at Rs 680.83 crore in This autumn/FY2020-21, up 14.96 per cent as towards Rs 654.52 crore.

For the fiscal yr 2020-21, its web revenue rose over two-folds to 214.18 crore. It was Rs 86.58 crore within the earlier yr.

Nonetheless, its income from operations for the fiscal was marginally down by 4.03 per cent at Rs 2,324.08 crore. It was Rs 2,421.79 crore in FY2019-20.

The corporate mentioned that within the wake of the Covid-19 pandemic outbreak and consequent lockdown imposed by the federal government final yr, the manufacturing amenities of the corporate have been quickly shut down and have been opened in a phased method within the months of April and Could 2020 after restrictions have been relaxed.

“Accordingly, gross sales quantity of the present yr is impacted, though cement demand has been progressively recovering over the yr with improved costs,” it mentioned.

In the meantime, in a separate submitting, knowledgeable that its board in a gathering held on Monday really helpful a closing dividend of 150 per cent, which is Rs 1.50 per fairness share of Re 1 every for the yr ended March 31, 2021.

Shares of Orient Cement Ltd on Monday settled at Rs 121.65 a unit on the BSE, up 2.23 per cent from their earlier shut.

(Solely the headline and film of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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