OCL India

Formerly known as Orissa Cement, OCL India, a part of the Dalmia group posted very good numbers for Q3FY15. Led by cement, the company posted a 30% (YoY) rise in net sales at Rs.541 crore and net profit for the quarter was up almost 3 times at Rs.29 crore from Rs.10 crore in Q3FY14. Sequentially, net profit was up 123%. EBITDA for the quarter was up 61% at Rs.87 crore and EBITDA margin was up from 13.01% to 16.08%.

Its cement unit showed a 35% rise in topline and EBIT grew by a huge 146%. Refractories segment had a 6% rise in revenue though EBIT was down 33%. The company for 9MFY15 posted a net profit of Rs.78 crore which is 80% of FY14 net profit, meaning that it will end FY15 on a much higher note. Its equity stands at Rs.11.38 crore and reserves is at a healthy Rs.1098 crore.