Oriental Trimex shares hit 5% upper circuit after Q1 update highlights expansion, efficiency push
Here are the highlights shared by the company:
Introduction of ultrathin wire cutting technology
Black granite mining lease in Odisha
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Divestment of non-core assets
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Growth in the National Capital Region (NCR) market
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Shares of Oriental Trimex rallied nearly 5% on Monday to hit an intraday high of Rs 14.75, after the company released its business update for the quarter ended June 30, 2025. The update, issued post-market hours on Friday, outlined several operational and strategic initiatives across technology adoption, asset monetization, and product diversification aimed at strengthening growth and improving margins.The company announced the introduction of the 'SMART CUT' ultrathin wire machine for cutting marble blocks, becoming one of the first in the industry to adopt this cutting-edge technology.The machine employs ultra-thin wire just 0.55 mm thick—significantly more precise than conventional blades—resulting in a 20% reduction in material wastage. The innovation is expected to optimize yield and enhance profit margins, which typically range from 10% to 30% in the industry. The high degree of automation also reduces labor dependence, improving operational efficiency.Oriental Trimex also reported that it had received an official mining lease from the Odisha Government for a quarry of Jer Black Granite on May 21, 2025. Quarry operations are expected to begin in the current quarter, with commercial production to follow shortly thereafter.The company is actively exploring export partnerships and is in advanced discussions with several companies in the Far East and Middle East, including a Vietnam-based partner.As part of its broader strategy to streamline operations and unlock liquidity, the company disclosed plans to divest non-core land assets, including seven acres in Somnathpur Industrial Estate, Balasore, and a small granite unit in the Rairangpur Industrial Area.The divestment is aimed at reducing recurring expenses and reallocating capital for focused investments.The company is also witnessing strong demand in the luxury housing segment of the National Capital Region (NCR), fueled by a rise in premium residential developments. Oriental Trimex noted that its high-quality imported marbles, indigenous granites, and marble-design vitrified tiles have gained traction with prominent developers.The company emphasized its track record of serving marquee projects in both North and South India, solidifying its presence in the premium construction materials market.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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