OCL India Ltd Q2 net profit up 45 per cent, India

OCL India Ltd Q2 net profit up 45 per cent, India
Published: 23 October 2006

OCL of India today posted an increase of 45 per cent in its net profit at Rs 11.08 crore for the quarter ended September 30, 2006 as against Rs 7.6 crore in the same quarter last year.  
 
The company’s turnover grew by 38 per cent at Rs 213.98 crores as compared to Rs 155.39 crores for the corresponding quarter of the previous year, a company statement said here today.  
 
OCL is engaged in the production and marketing of cement, refractories and sponge iron with its manufacturing facilities in Orissa.  
 
The turnover of the cement unit rose to Rs 114.12 crore from Rs 77.20 crore during the quarter. The company produced and sold about 3.97 lakh tonnes of cement during the quarter.