ORIENT CEMENT LIMITED — Call Transcript 2025

Nov 1, 2025

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November 1, 2025

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Streets Mumbai-400001

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C-1, Block G Bandra – Kurla Complex, Bandra (East) Mumbai – 400 051

Scrip Code: 535754 Scrip Code: ORIENTCEM

Sub: Questions and Answers for Investors on the Financial Results of the Company for the quarter and half year ended on 30[th] September 2025.

Dear Sir / Madam,

We vide, our earlier letter dated November 1, 2025, submitted to the stock exchange Unaudited Financial Results of the Company for the quarter and half year ended 30[th] September 2025. In continuation of the same, we submit herewith the questions and answers (Q&A) for Investors on the said Financial Results of the Company.

The said Q&A will also be uploaded on the Company’s website at www.orientcement.com

Kindly take the same on your record.

Yours faithfully,

For Orient Cement Limited

Digitally signed by Shrishti Shrishti Jain Jain Date: 2025.11.01 16:59:33 +05'30'

Shrishti Jain Company Secretary & Compliance Officer

Encl.: as above

Registered Office Orient Cement Limited Unit VIII, Plot No 7, Bhoinagar, Bhubaneshwar, Orissa – 751012 www.orientcement.com CIN: L26940OR2011PLC013933

Corporate Office: Adani Corporate House Shantigram, S G Highway, Khodiyar, Ahmedabad - 382 421 Gujarat, India Tel +91 79 2656 5555

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Ans: .

Particulars	UoM	Sept'25 Q	Sept'24 Q	Jun'25 Q	vs YoY	vs QoQ
Cement Capacity Utilization Cement Sales Volume Clinker Sales Volume CLC Sales Volume EBITDA	% MnT MnT MnT Rs cr	65% 1.4 0.4 1.8 165	50% 1.1 - 1.1 44	75% 1.6 0.3 1.8 183
					29% NM 68% 274%	(11%) 64% (1%) (9%)
PMTEBITDA	Rs/ton	1,177	405	1,151	191%	2%

• 97% of the Q2 sales are under Ambuja / ACC brands, while exit of the quarter it Is 100% (only few days of the beginning of the quarter 3% sales happened under Orient brand. This is one of the fastest integration and brand transition we have achieved. • The company is optimistic to achieve 75-80% capacity utilization for the remaining part of the year.

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Ans: . 97% of sales were made under Adani Cement brands through the MSA arrangement. Sales under MSA are ex-plants, where freight is borne by the buyer. Therefore, freight cost is significantly lower.

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Ans: . Synergies with Ambuja / ACC driving sale and purchase of clinker, thereby optimising transportation costs and contributing to overall cost efficiency. In current quarter, Orient has purchased 0.13 Mn T clinker from Ambuja/ACC and sold 0.4 MnT to Ambuja/ACC. The purchase of Clinker is reflected in cost while its sales are reflected under Revenue from operations as per reporting guidelines On like for like basis, this cost . has reduced by 2%

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Ans: Excess production of clinker is lying in the closing inventory and the benefit of this would reflect in Q3 FY’26. Excluding this, cost has reduced by 16% driven by higher green power shares by 22 pp @46% and lower fuel costs.

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Ans: Other expenses decreased primarily due to operational synergies among Adani Cement companies. Branding and promotion costs were largely absorbed by Adani Cement (Ambuja / ACC), as 97% of total cement sales were under the Ambuja and ACC brands.

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Ans: During the quarter, the Company has reassessed useful life and residual value of Property, Plant & Equipment and depreciation method for Power Plant based on internal technical evaluation. As a result, depreciation expenses for the quarter is higher by Rs 63 cr. Due to this activity Orient is now fully synergized with respect to accounting policy with parent company, Ambuja Cements Limited. If this impact is excluded, PAT would be higher by Rs 63 cr accordingly. Also Refer Note No.8 in results

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Ans: This pertains to running bills for supply of cement to Parent Company and other subsidiaries under guidelines of MSA and in line with Related Party Norms and Normal Business operations. This will be settled in Q3FY’26

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Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and future developments of the business and the competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forwardlooking statements due to number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of Ambuja’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of Ambuja.

Ambuja, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. Ambuja assumes no responsibility to publicly amend, modify or revise any forward-looking statements, based on any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates.

The information contained herein is subject to change without notice and past performance is not indicative of future results. Ambuja may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes.

No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Ambuja.

This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of this presentation should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom.

For further info, please contact:

CA Deepak Balwani Head, Investor Relations deepak.balwani@adani.com

Ambuja Cements Limited

Registered office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421. Ph: +91 79265 65555; www.ambujacement.com; CIN: L26942GJ1981PLC004717

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