Orient Refractories Ltd.
Orient Refractories has reported increase in net profit by 16.52 pc to ₹ 13.19 crore for the quarter ended March 2014 as against ₹ 11.32 crore during the previous quarter ended March 2013. While sales rose 17.14% to ₹ 105.03 crore for the quarter ended March 2014 as against ₹ 89.66 crore during the previous quarter ended March 2013.
For the full year ended March 2014, net profit of Orient Refractories rose by 27.69 pc to ₹ 52.85 crore as against ₹ 41.39 crore during the previous year ended March 2013. Sales rose by 12.00 pc to ₹ 403.04 crore in the year ended March 2014 as against ₹ 359.85 crore for the corresponding period last year.
Orient Refractories Ltd (ORL) headquartered in New Delhi, India, is engaged in manufacturing and catering a wide range of Refractory and Monolithic products for the iron and steel industry and enjoy large domestic and international clientele. An in-house R&D facility supports ORL’s product development initiatives.
Orient Refractories Ltd (ORL) customers include large domestic integrated steel producers and mini steel plants that include Steel Authority of India (SAIL), Mukund Steel, Tata Steel, RINL – Vizag, Sunflag Iron, Lloyd Steel, Usha Martin and the Jindal Group. ORL has significant presence in the global market place with exports to over 35 countries across the globe including Germany, France, Spain, Turkey, Egypt, Indonesia, Saudi Arabia, Thailand, UAE and Greece.
(Source: Capital Market)