Orient Carbon & Chemicals report Q3FY18 results

Orient Carbon and Chemicals reported Q3FY18 results on Thursday. The company's standalone revenue for the quarter came in at Rs. 86.25 crore, registering 17.7% yoy increase due to increased volume during the quarter.

EBITDA for the quarter rose by 35.3% yoy to Rs. 26.08 crore with a corresponding margin expansion of 392 bps. EBITDA margin for the quarter stood at 30.2%.

The PAT for the quarter came in at Rs. 15.27 crore, yoy increase of 3%. Taxes increased due to rise in deferred taxes attributed to the new capacities added.

The stock of Orient Carbon & Chemical on Thursday remained positive and closed at Rs. 1,220.65, up by 1.31 per cent.