Latest news with #Trimex
Economic Times
07-07-2025
- Business
- Economic Times
Oriental Trimex shares hit 5% upper circuit after Q1 update highlights expansion, efficiency push
ADVERTISEMENT Here are the highlights shared by the company: Introduction of ultrathin wire cutting technology Black granite mining lease in Odisha ADVERTISEMENT Divestment of non-core assets ADVERTISEMENT Growth in the National Capital Region (NCR) market ADVERTISEMENT 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 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 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 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 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 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 divestment is aimed at reducing recurring expenses and reallocating capital for focused 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 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)
Mint
26-05-2025
- Business
- Mint
Small-cap stock below ₹20, Oriental Trimex jumps 11% after FY25 business update
Stock Market Today: Small-cap stock below ₹ 20 gained more than 11% during the intraday trades on Monday. The gains for the Oriental Trimex share price were led by announcement on a FY25 business update announced by the company Small-cap stock below ₹ 20 Oriental Trimex, said that it has Transformed Business Operations in FY25 as its revenue surges over Fourfold in Q4 Trimex anticipates an annual revenue contribution in the range of ₹ 10 crore to ₹ 15 crore from the black granite mining site. The lease in favor of Oriental Trimex was officially awarded on May 21, 2025, and this covers 4.961 hectares in village of Potteru, under Motu Tehsil of Malkangiri District. Soon, operations will start, enhancing resource ownership, cost effectiveness, and full value chain integration from distribution to quarrying. Oriental Trimex's basis for steady growth and profit stability is strengthened by this long-term asset. 2. The Small-cap stock below ₹ 20 Oriental Trimex has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in high-end "Rare Earth" vitrified tiles, as part of its growth plan in the building materials sector. This facility, which opened in April 2025, is ideally situated close to the future Jewar Airport and Aerotropolis. Its goal is to satisfy the growing demand for premium marble-look tiles at affordable costs. Small-cap stock below ₹ 20 Oriental Trimex successfully completed a rights issue worth ₹ 48.51 crore in September 2024. repaying ₹ 39.55 crore to Edelweiss, the Small-cap stock below ₹ 20 Oriental Trimex is nearing a debt-free status Small-cap stock below ₹ 20 Oriental Trimex share price opened at ₹ 12.90 on the BSE on Monday. At the time of opening, Oriental Trimex was trading higher as compared to the closing price of ₹ 12.19. The Small-Cap stock Oriental Trimex share price thereafter moved higher to ₹ 13.60, translating into intraday gains of more than 11% for the SpiceJet share price.
Mint
26-05-2025
- Business
- Mint
Small-cap stock below ₹20, Oriental Trimex jumps 11% after FY25 business update
Stock Market Today: Small-cap stock below ₹ 20 gained more than 11% during the intraday trades on Monday. The gains for the Oriental Trimex share price were led by announcement on a FY25 business update announced by the company Small-cap stock below ₹ 20 Oriental Trimex, said that it has Transformed Business Operations in FY25 as its revenue surges over Fourfold in Q4 Trimex anticipates an annual revenue contribution in the range of ₹ 10 crore to ₹ 15 crore from the black granite mining site. The lease in favor of Oriental Trimex was officially awarded on May 21, 2025, and this covers 4.961 hectares in village of Potteru, under Motu Tehsil of Malkangiri District. Soon, operations will start, enhancing resource ownership, cost effectiveness, and full value chain integration from distribution to quarrying. Oriental Trimex's basis for steady growth and profit stability is strengthened by this long-term asset. 2. The Small-cap stock below ₹ 20 Oriental Trimex has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in high-end "Rare Earth" vitrified tiles, as part of its growth plan in the building materials sector. This facility, which opened in April 2025, is ideally situated close to the future Jewar Airport and Aerotropolis. Its goal is to satisfy the growing demand for premium marble-look tiles at affordable costs. Small-cap stock below ₹ 20 Oriental Trimex successfully completed a rights issue worth ₹ 48.51 crore in September 2024. repaying ₹ 39.55 crore to Edelweiss, the Small-cap stock below ₹ 20 Oriental Trimex is nearing a debt-free status Small-cap stock below ₹ 20 Oriental Trimex share price opened at ₹ 12.90 on the BSE on Monday. At the time of opening, Oriental Trimex was trading higher as compared to the closing price of ₹ 12.19. The Small-Cap stock Oriental Trimex share price thereafter moved higher to ₹ 13.60, translating into intraday gains of more than 11% for the SpiceJet share price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
