External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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<ul><li>OCL reported Revenue/Volume/EBITDA growth of 15%/17%/166%YoY (above expectations) and PAT of Rs 25 Cr against loss of Rs 9 Cr last year on the back of lower operating cost and higher realization YoY.</li><li>The company recorded an EBITDA Margin of 12% (above expectations) against 5.3 %YoY.</li><li>Thequarter’svolume stood at 1.43 million tonnes per annum (mntpa), up 15% YoY. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OCL reported Revenue/Volume/EBITDA growth of 15%/17%/166%YoY (above expectations) and PAT of Rs 25 Cr against loss of Rs 9 Cr last year on the back of lower operating cost and higher realization YoY.The company recorded an EBITDA Margin of 12% (above expectations) against 5.3 %YoY.Thequarter’svolume stood at 1.43 million tonnes per annum (mntpa), up 15% YoY. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Orient Cement Limited - Better Than Expected Performance

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We maintain our BUY rating on Orient Cement with an unchanged TP of INR 160/share (7x Mar-25E EBITDA)</li><li>Orient reported strong 16% YoY volume growth in Q1FY24 (muted +1% five-year CAGR) on healthy non-trade demand</li><li>Despite healthy volumes and NSR (+2% QoQ), the benefits got eroded as opex rose 7/3% QoQ/YoY, mainly owing to the maintenance shutdown at the Chittapur plant (impact of ~INR 150/MT)</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We maintain our BUY rating on Orient Cement with an unchanged TP of INR 160/share (7x Mar-25E EBITDA)Orient reported strong 16% YoY volume growth in Q1FY24 (muted +1% five-year CAGR) on healthy non-trade demandDespite healthy volumes and NSR (+2% QoQ), the benefits got eroded as opex rose 7/3% QoQ/YoY, mainly owing to the maintenance shutdown at the Chittapur plant (impact of ~INR 150/MT)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Orient Cement (Q1FY24): Strong Volume Offtake, One-Off Cost Drags Margin.

<ul><li>OCL reported Revenue/Volume growth of 15%/16% YoY ( above expectations) while EBITDA/APAT degrew by 3%/1% respectively YoY.</li><li>This was due to elevated costs led by higher RM and other expenses as the company shut down its plant during the quarter for maintenance.</li><li>This amounted to a hit of Rs 24 Cr during the quarter.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OCL reported Revenue/Volume growth of 15%/16% YoY ( above expectations) while EBITDA/APAT degrew by 3%/1% respectively YoY.This was due to elevated costs led by higher RM and other expenses as the company shut down its plant during the quarter for maintenance.This amounted to a hit of Rs 24 Cr during the quarter.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Orient Cement Limited - Higher Costs Impact Margin

<ul><li>The company reported revenue of Rs 2,937 Cr, posting a growth of 8% on a YoY basis.</li><li>Higher volume and better realization contributed to improved sales during the year.</li><li>The sales volume stood at 5.76 mtpa, reporting satisfactory growth of 5% in FY23.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company reported revenue of Rs 2,937 Cr, posting a growth of 8% on a YoY basis.Higher volume and better realization contributed to improved sales during the year.The sales volume stood at 5.76 mtpa, reporting satisfactory growth of 5% in FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Orient Cement - Capacity Expansion & Premiumization to Drive Growth

<ul><li>OCL reportedRevenue/Volume growth of 9%/6%YoY (marginally below expectations). EBITDA/APAT degrew by 9%/24% respectively YoY due to higher costs.</li><li>However, on a QoQ basis, the company reported better financial performance driven by higher volume and better realization YoY.</li><li>The company reported a profit of Rs 67 Cr (above expectations) against Rs 28 Cr in Q3FY23.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OCL reportedRevenue/Volume growth of 9%/6%YoY (marginally below expectations). EBITDA/APAT degrew by 9%/24% respectively YoY due to higher costs.However, on a QoQ basis, the company reported better financial performance driven by higher volume and better realization YoY.The company reported a profit of Rs 67 Cr (above expectations) against Rs 28 Cr in Q3FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Orient Cement Limited - Robust Operating Performance; New Capex Announced!

India

Orient Cement Limited manufactures and distributes cement.

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Orient Cement (ORCMNT IN)

Orient Cement Limited - Better Than Expected Performance

OCL reported Revenue/Volume/EBITDA growth of 15%/17%/166%YoY (above expectations) and PAT of Rs 25 Cr against loss of Rs 9 Cr last year on the back...

Axis Direct

Orient Cement (Q1FY24): Strong Volume Offtake, One-Off Cost Drags Margin.

We maintain our BUY rating on Orient Cement with an unchanged TP of INR 160/share (7x Mar-25E EBITDA). Orient reported strong 16% YoY volume growth...

HDFC Securities

Orient Cement Limited - Higher Costs Impact Margin

OCL reported Revenue/Volume growth of 15%/16% YoY ( above expectations) while EBITDA/APAT degrew by 3%/1% respectively YoY.

Axis Direct

Orient Cement - Capacity Expansion & Premiumization to Drive Growth

The company reported revenue of Rs 2,937 Cr, posting a growth of 8% on a YoY basis. Higher volume and better realization contributed to improved...

Axis Direct

Orient Cement Limited - Robust Operating Performance; New Capex Announced!

OCL reportedRevenue/Volume growth of 9%/6%YoY (marginally below expectations). EBITDA/APAT degrew by 9%/24% respectively YoY due to higher costs.

Axis Direct

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