Companies

OCL India clocks Rs 32 cr net profit in Jan-March quarter

PTI New Delhi | Updated on May 29, 2013 Published on May 29, 2013

Helped by higher income and savings on costs, OCL India, earlier known as Orissa Cement Ltd, today reported Rs 31.76 crore net profit for the January-March quarter.

The Odisha-based cement maker, having a current installed capacity of 5.35 million tonnes per annum, had clocked Rs 26.51 crore loss in the corresponding quarter last fiscal, it said in a statement.

Total income of the company rose to Rs 486.04 crore from Rs 341.23 crore a year ago, showing a growth of 42 per cent driven by higher sales realisation and improved operational efficiencies.

Expenses, however, declined to Rs 431.78 crore from Rs 371.37 crore a year ago.

For the full year 2012-13, OCL India’s net profit stood at Rs 156.39 crore on a total income of Rs 1,817.29 crore.

Shares of the company today settled at Rs 150.65 apeice, up 3.72 per cent on the BSE.

Published on May 29, 2013
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