Orient Cement Posts ₹77 Crore PAT as Ambuja Merger Advances

AHMEDABAD, India — Orient Cement Limited reported its financial results for the first quarter of FY27 (ended June 30, 2026), posting a profit after tax (PAT) of ₹77 crore ($770 million rupees) alongside revenue from operations of ₹604 crore ($6.04 billion rupees).

The announcement, approved at a Board of Directors meeting on Thursday, July 23, 2026, comes as the building materials manufacturer advances its proposed amalgamation with parent entity Ambuja Cements Limited following a National Company Law Tribunal (NCLT) order.

Orient Cement Q1 FY27 Financial Performance and Comparisons

Orient Cement's revenue from operations reached ₹604 crore during the June-quarter of FY27, reflecting a sequential decrease of 6.6% compared to ₹647 crore recorded in Q4 FY26. On a year-over-year basis, revenue dropped 30.2% from ₹866 crore reported in Q1 FY26.

Total income for the quarter stood at ₹609 crore, compared to ₹653 crore in the preceding quarter and ₹868 crore in the corresponding period of the previous fiscal year. Operating expenses dropped to ₹506 crore from ₹589 crore in Q4 FY26 and ₹724 crore in Q1 FY26, driven by lower power and fuel costs alongside reduced freight charges.

Net profit after tax (PAT) for Q1 FY27 rose 40.0% sequentially to ₹77 crore, up from ₹55 crore in Q4 FY26. However, net profit declined by 62.4% year-over-year compared to ₹205 crore reported in Q1 FY26. Basic and diluted earnings per share (EPS) stood at ₹3.76 for the quarter, compared to ₹2.70 in the previous quarter and ₹10.00 in Q1 FY26.

Ambuja Cements Merger Progress and NCLT Directives

The Board meeting reviewed the status of the proposed Scheme of Amalgamation between Orient Cement Limited and Ambuja Cements Limited. Following the receipt of No-Objection Certificates from the BSE Limited and the National Stock Exchange of India Limited in June 2026, a joint application was submitted to the NCLT Ahmedabad Bench.

The NCLT issued an order on July 20, 2026, directing Orient Cement to convene a meeting of its equity shareholders via video conference on Monday, September 28, 2026, to vote on the merger.

Under the terms of the scheme, public shareholders of Orient Cement will receive 33 equity shares of Ambuja Cements (face value of ₹2 each) for every 100 equity shares held in Orient Cement (face value of ₹1 each). Shares held directly by Ambuja Cements in Orient Cement will be cancelled.

Renewable Power Acquisition and Inter-Corporate Loans

The Board also approved a strategic investment to expand its green energy off-take capabilities under captive power framework rules:

• Target Entity: Vena Energy KN Wind Power Private Limited, which operates a 46 MW wind power plant in Mangoli District, Karnataka.

• Stake Acquired: 9.04% equity shareholding (25,665 equity shares) and 9.04% cumulative convertible preference shares (9,777 shares).

• Acquisition Cost: ₹12.34 lakh in cash consideration.

• Target Completion: On or before August 31, 2026.

Additionally, the company disclosed that during the quarter ended June 30, 2026, it extended an Inter-Corporate Deposit (ICD) loan of ₹450 crore to its holding company, Ambuja Cements Limited, at an interest rate of 8% per annum, repayable on or before March 31, 2027.

Official Sources Section

"Pursuant to Regulation 33 and other applicable provisions of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of Orient Cement Limited, at its meeting held today, July 23, 2026, has considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026." — Regulatory Filing, Orient Cement Limited

Quote Section

"According to officials in the regulatory filing, the Hon'ble NCLT Ahmedabad Bench directed the company to convene a meeting of equity shareholders on September 28, 2026, to vote on the proposed amalgamation with Ambuja Cements Limited."

Why It Matters

For investors and industry analysts, Orient Cement's quarterly earnings highlight steady sequential profit improvement alongside strategic alignment with Ambuja Cements. The upcoming NCLT-mandated shareholder vote on September 28, 2026, marks the final corporate step prior to full integration into Adani Group's cement platform.

Key Facts at a Glance

• Q1 FY27 Revenue: Consolidated revenue from operations stood at ₹604 crore.

• Q1 FY27 PAT: Profit after tax reached ₹77 crore, up 40% sequentially.

• Merger Voting Date: NCLT shareholder meeting scheduled for September 28, 2026.

• Share Swap Ratio: 33 Ambuja Cements shares for every 100 Orient Cement shares.

• Renewable Off-take: Acquired 9.04% stake in Vena Energy KN Wind Power for captive electricity.

Frequently Asked Questions (FAQ)

What was Orient Cement's revenue in Q1 FY27?

Orient Cement reported revenue from operations of ₹604 crore for the quarter ended June 30, 2026.

What was the net profit (PAT) for Q1 FY27?

The company posted a profit after tax of ₹77 crore for Q1 FY27, up from ₹55 crore in Q4 FY26.

When will shareholders vote on the Ambuja Cements merger?

The NCLT-mandated shareholder meeting will take place via video conference on Monday, September 28, 2026.

What is the share swap ratio for the merger?

Shareholders will receive 33 equity shares of Ambuja Cements (₹2 face value) for every 100 shares held in Orient Cement (₹1 face value).

Sources: Company Disclosure to Stock Exchange, Orient Cement Investor Relations