Orient Cement posts decline of 58.86 percent in net profit to Rs 16.01 crore
The company had reported a net profit of Rs 38.92 crore in the April-June quarter a year-ago, Orient Cement said in a BSE filing.
Meanwhile, the company said that its revenue was not comparable as sales are recorded net of GST whereas earlier sales were recorded gross of excise duty which formed part of expenses.
"Hence, revenue from operations for the three months ended June 30, 2018, are not comparable with previous period corresponding figures," Orient Cement said.
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