Orient Refractories - Q2FY21 Result - Angel Broking

Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

"During the 2QFY21, Orient refractories Ltd (ORL)'s reported flat sales numbers to Rs180cr on back of slowdown in economy (due to covid-19). On the operating front, the company reported margin contraction(down by 101bp YoY to 16.8%) back high operating expenses. ORL reported net profit de-growth of ~21% YoY to Rs21cr due to lower sales and poor operating performance."

Shares of ORIENT REFRACTORIES LTD. was last trading in BSE at Rs.187.95 as compared to the previous close of Rs. 188.5. The total number of shares traded during the day was 1443 in over 126 trades.

The stock hit an intraday high of Rs. 193.9 and intraday low of 187.4. The net turnover during the day was Rs. 274737.

Source : Equity Bulls

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