Orient Cement's 13.27% margin trails sector median in Q2FY27
Depreciation of Rs 43 cr and Rs 13 cr of other income materially shaped the Rs 44 cr pre-tax result.
Filed 22 Oct 2026, 18:46 IST · after market close · Orient Cement Ltd (ORIENTCEM)
Key takeaways
- Standalone operating profit of Rs 75 cr was reduced to Rs 44 cr before tax after Rs 43 cr of depreciation.
- Operating margin at 13.27% was 2.70 percentage points below the 15.97% median for 15 reporting sector peers.
- The stock fell 0.57% after the result, following a 4.40% opening gap lower on 3.93x volume.
Price around the results
Depreciation weighs on earnings conversion
Orient Cement's standalone operating profit of Rs 75 cr translated to profit before tax of Rs 44 cr after Rs 43 cr of depreciation and Rs 1 cr of interest. Other income of Rs 13 cr was a meaningful contributor alongside operating earnings. Tax of Rs 12 cr, at a 27.27% rate, reduced profit before tax to net profit of Rs 32 cr.
Margin remains below the sector benchmark
The 13.27% operating margin was 2.70 percentage points below the 15.97% median across 15 Commodities companies that have reported the quarter. Orient Cement ranked sixth from the bottom on this measure among those peers.
Stock opened sharply lower after the filing
The company filed its standalone results after market close on 22 October, and the stock's next-session opening gap was -4.40%. It ended the session down 0.57%, with a relative return of -0.19% and volume at 3.93x the reference level.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹565 cr |
| Other income | ₹13 cr |
| Expenses | ₹490 cr |
| Operating profit | ₹75 cr |
| Operating margin (%) | 13.27% |
| Interest | ₹1 cr |
| Depreciation | ₹43 cr |
| Profit before tax | ₹44 cr |
| Tax | ₹12 cr |
| Net profit | ₹32 cr |
| EPS (₹) | ₹1.56 |
Operating margin of 13.27% compares with a Commodities sector median of 15.97% across 15 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -0.57% | -0.19% |
Volume on the results session was 3.93× its 20-day average.
What to watch
- Whether operating margin improves from 13.27% toward the 15.97% sector median.
- Whether depreciation remains near Rs 43 cr relative to Rs 75 cr of operating profit.
- Whether the Rs 13 cr contribution from other income recurs.