Orient Ceratech profit jumps 94% as board clears power plant sale
The company reported a standalone profit of ₹1,868 lacs for FY26. It also finalized the sale of its Porbandar thermal power station for ₹3.75 crores.
— 2 earlier stories on Orient Ceratech Ltd. →What's new
- Standalone revenue rose 22% to ₹40,539 lacs for the year ended March 2026.
- Board recommended a dividend of ₹0.35 per share.
- Sale of Porbandar thermal power station to SS Fabrication finalized for ₹3.75 crores.
Why this matters
The near-doubling of profit shows the company grew earnings despite a one-time labor code expense of ₹169 lacs. The power plant sale is a minor divestment that cleans up the balance sheet, though the market priced in this transaction after the February disclosure.
What we're watching
- Impact of new labor codes on operating margins in the coming quarters.
- Whether the dividend payout signals a shift in capital allocation policy.
- Integration of new leadership following the appointment of a new Company Secretary.
The full read
Orient Ceratech closed FY26 with a 94% surge in standalone net profit to ₹1,868 lacs, up from ₹961 lacs in the prior year. Revenue grew 22% to ₹40,539 lacs. These gains occurred despite a ₹169 lacs one-time hit from new national labor code implementation. The board also finalized the sale of the Porbandar thermal power station to SS Fabrication for ₹3.75 crores, a move that follows up on a February disclosure. Shareholders will receive a dividend of ₹0.35 per share. The financial results confirm expectations set by earlier disclosures. The company also refreshed its governance, naming Mr. Krupal Upadhyay as Company Secretary and extending the term of independent director Mr. Ketan Shrimankar. The numbers are solid, but the market has already accounted for the power plant divestment.
Questions answered
- How did the company perform financially in FY26?
- Orient Ceratech grew its standalone revenue by 22% to ₹40,539 lacs and nearly doubled its net profit to ₹1,868 lacs compared to ₹961 lacs in the previous year.
- What was the impact of the new labor codes?
- The company incurred a non-recurring exceptional expense of ₹169 lacs related to the implementation of new national labor codes.
- What is the status of the Porbandar power station?
- The board has finalized the sale of the captive thermal power station to SS Fabrication for a total consideration of ₹3.75 crores.
- What dividend did the board recommend?
- The board recommended a dividend of ₹0.35 per equity share for the fiscal year.
- Were there any changes to the board or management?
- Yes, Mr. Krupal Upadhyay was appointed as the new Company Secretary, and Mr. Ketan Shrimankar was re-appointed as an independent director for a second term.
Story so far
All notes on ORIENTCER →- 28 May 2026 · 11:09 AM IST Orient Ceratech profit jumps 94% as board clears power plant sale
- 1d ago Orient Ceratech profit surges to ₹1,868 lacs
- 1d ago Orient Ceratech profit nearly doubles as revenue climbs 22%