Orient Cement Limited Earnings Summary — Q4 FY2026
Orient Cement Transitions to Adani-Ambuja Group; Recommends Final Dividend Amid Strategic Restructuring
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 6.7% sequentially in Q1 FY2027.
- Revenue of ₹604 Cr is 30.3% lower year-on-year.
- Revenue has compounded at -15.7% annualised over the last 10 quarters.
- Net profit of ₹77 Cr is 62.4% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 5.5% annualised across the period.
- Operating margin stands at 23.8% in Q1 FY2027.
- Operating margin expanded by 282 bps year-on-year.
- Over the last two years operating margin has expanded by 1005 bps.
- PBT margin is 17.1%.
- Expense growth of -32.7% remained below revenue growth of -30.3%.
- Operating profit of ₹144 Cr is 20.9% lower year-on-year.
- Operating leverage has been under pressure recently.
- 2 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 52/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 604 | 647 | 636 | 643 | 866 | 825 | 643 | 544 | 696 | 888 |
| Expenses | Softening | 460 | 539 | 546 | 478 | 684 | 722 | 585 | 500 | 600 | 740 |
| Operating Profit | Volatile | 144 | 108 | 90 | 165 | 182 | 103 | 58 | 44 | 96 | 148 |
| Operating Margin | Improving | 23.8% | 16.7% | 14.1% | 25.7% | 21.0% | 12.5% | 9.0% | 8.1% | 13.8% | 16.7% |
| Other Income | Volatile | 5 | 6 | -4 | 12 | 2 | 8 | 3 | 4 | 6 | 8 |
| Interest | Volatile | 3 | 5 | 2 | 3 | 3 | 6 | 6 | 6 | 6 | 8 |
| Depreciation | Volatile | 43 | 45 | 48 | 101 | 37 | 37 | 38 | 39 | 39 | 38 |
| Profit Before Tax | Volatile | 103 | 64 | 36 | 74 | 144 | 68 | 17 | 3 | 58 | 110 |
| Tax | Volatile | 26 | 9 | 8 | 25 | -61 | 26 | 6 | 1 | 21 | 42 |
| Net Profit | Improving | 77 | 55 | 28 | 49 | 205 | 42 | 10 | 2 | 37 | 68 |
| Net Margin | Improving | 12.8% | 8.6% | 4.4% | 7.6% | 23.7% | 5.1% | 1.6% | 0.4% | 5.3% | 7.7% |
Key Takeaways
- The Board recommended a final dividend of ₹0.50 (50%) per equity share for the full financial year 2025-26.
- Orient Cement is undergoing a major structural change following an amalgamation agreement with Ambuja Cements (Adani Group).
- Promoter holding has significantly increased to 72.66% in 2026 as part of the strategic acquisition.
- Grant Thornton Bharat LLP has been appointed as the new Internal Auditor, replacing the previous individual auditor as part of organizational restructuring.
- The legal registered office has been shifted to Adani Corporate House in Ahmedabad, reflecting the change in control.
- M/s. P.M. Nanabhoy & Co. has been appointed as Cost Auditors for the upcoming FY 2026-27.
- Despite the lack of specific quarterly income figures in the textual summary, the company confirmed an unmodified audit opinion for the full year.
Management Guidance
The company is focusing on a transformative consolidation phase as it integrates into the larger national cement conglomerate under the Adani-owned Ambuja Cements platform.
Sentiment Shift
Improving
The transition from an independent regional player to a unit of a massive national conglomerate provides significant long-term scale and synergy potential, despite the current lack of transparency on Q4 earnings figures.
Outlook
The outlook is dominated by the upcoming merger with Ambuja Cements, which is expected to bolster the company's competitive position in its core markets of Telangana, Karnataka, and Maharashtra through Adani Group's logistics and energy synergies.
From the Annual Report (Key Quotes)
“The Board has recommended Dividend of Rs. 0.50/- (50%) per Equity Share of face value of Re.1/- each fully paid-up for the Financial Year 2025-26.”
“Statutory Auditors have issued their Audit Reports with unmodified opinion on Audited Financial Results for the quarter and financial year ended March 31, 2026.”
“The upcoming merger marks a shift from an independent regional entity to part of a larger national cement conglomerate.”
Official Quarterly Documents
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This summary is AI-generated from Orient Cement Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.