With a market value of Rs. 794.61 crore, Oriental Carbon & Chemicals Ltd. is a small-cap business that works in the chemical sector. The business has more than 25 years of experience making insoluble sulphur, and it is a renowned producer globally. The company’s Q2 financial data have been made public, and the board of directors has declared an interim dividend of Rs. 7 per share.
In a filing with the stock exchange, the company stated that its board of directors “declared an interim dividend of Rs. 7/- per equity share of face value of Re. 10/- each for the financial year ending 31st March 2022 and fixed the Record date for the purpose of determining the entitlement of the shareholders for the interim dividend as 18th November 2022, and dividend will be paid to the shareholders on or from 28th November 2022.”
Comparing Q2FY23 to Q2FY22 and Q1FY23, the firm recorded net sales of Rs. 140.91 crore on a consolidated basis, reflecting YoY increase of 24.59% but a QoQ decline of 7.84%. The company reported a net profit of Rs. 9.43 crore in the quarter ended September 2022, down from Rs. 14.96 crore in the quarter ended June 2022 and falling by 36.96% QoQ from Rs. 13.34 crore in the same quarter previous year. Oriental Carbon’s earnings per share (EPS) declined from Rs. 14.98 per share in Q1FY23 and Rs. 13.35 in Q2FY22 to Rs. 9.44 in Q2FY23.
Separately, the business recorded net sales of Rs. 122.16 crore in Q2FY23 as opposed to Rs. 99.32 crore in Q2FY22 and Rs. 136.35 Cr in Q1FY23, which represented a YoY rise of 22.99% and a QoQ decline of 10.40%. Net Profit was 7.77 crore in September 2022, down 44.34% QoQ from ₹13.96 crore in the previous quarter and 38.49% YoY from ₹12.63 crore in September 2021. Earnings per share (EPS) for Oriental Carbon decreased from Rs. 13.98 in Q1FY23 and Rs. 12.64 in Q2FY22 to Rs. 7.78 in Q2FY23.
Today’s closing price for Oriental Carbon and Chemicals Ltd. shares was ₹801.00 per share, up 0.98% from yesterday’s finish of ₹793.20. Compared to the 20-Day average volume of 7,810 shares, the company had a total volume of 19,134 shares today. The stock has down 18.05% YTD so far in 2022. The business reported a promoter ownership of 51.76% for the quarter that ended in September, or Q2FY23, a FIIs holding of 1.40%, a DIIs holding of 14.14%, and a public stake of 32.70%.