Orient Cement reports 2Q17 net profit of US$1.57m

Orient Cement (CK Birla group) reported a net profit of INR101.5m (US$1.57m) in the second quarter ended 30 September.

The company had reported a net loss of INR293.9m in the year-ago quarter, Orient Cement said in a BSE filing. Revenue from operations was at INR5230.7m during the quarter under review as against INR4449.3m in the same period last fiscal.

Total expenses during the second quarter were at INR5139.3m as compared to INR4957.8m in the corresponding period last fiscal, the company said.