Orient Cement reports 12% increase in revenue

Orient Cement has seen a 12.1 per cent increase in revenue in the quarter ended December 2017, according to Money Control. The revenue rose to INR5.11bn (US$80.37m) from INR4.56bn seen in the year-ago period. 

However, the company has reported a net loss of INR177m (US$2.78m) in the 3QFY18, compared to the loss of INR116m in the previous year’s period. EBITDA fell 14.1 per cent YoY to INR391m, and the EBITDA margin decreased by 240bps at 7.6 per cent.