Oriental Rail Infrastructure Ltd Share Price – BSE

Miscellaneous, Small Cap

Oriental Rail Infrastructure announced that the Annual General Meeting (AGM) of the company will be held on 26 September 2024.

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Revenue from operations was at Rs 172.03 crore in first quarter of FY25, registering a growth of 42.91% as against Rs 120.37 crore posted a year ago.

The company reported profit before tax of Rs 5.74 crore in the June 2024 quarter as compared with pre-tax loss of Rs 11.29 posted in same quarter last year.

Total expenses grew 26.40% to Rs 167.24 crore in Q1 FY25 over Q1 FY24. During the quarter, cost of material consumed stood at Rs 129.14 crore (up 17.78% YoY) while employee benefits expense was at Rs 5.99 crore (up 36.75% YoY) during the period under review.

The board informed that the company along with its subsidiary, Oriental Foundry has total orders in hand of Rs 1,549.52 crore.

Meanwhile, the board has recommend dividend of Rs 0.10 per equity share for the financial year ended 31 March 2024.

Oriental Rail Infrastructure is engaged in manufacturing, buying and selling of all type recron, seat & bearth, compreg boards and also trading of timber woods and all its products. The company operates only in one segment i.e Indian Railway products. As on 31 March 2019, the company had 1 wholly owned subsidiary, namely Oriental Foundry.

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Net profit of Oriental Rail Infrastructure rose 7.72% to Rs 5.86 crore in the quarter ended June 2024 as against Rs 5.44 crore during the previous quarter ended June 2023. Sales rose 32.59% to Rs 123.06 crore in the quarter ended June 2024 as against Rs 92.81 crore during the previous quarter ended June 2023.

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Oriental Rail Infrastructure will hold a meeting of the Board of Directors of the Company on 14 August 2024.

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