Orient Electric Ltd News
Orient Electric zooms 20% on strong Q2 operational showing; better margins
Gross margin of the company expanded by 210 bps annually to 32.4 per cent, driven by improved mix, cost optimisation and follow-through of price increases
 "Orient Electric zooms 20% on strong Q2 operational showing; better margins")
Orient Electric Q2 results: Net profit rises 43.4% to Rs 10.4 crore
Orient Electric Ltd on Friday reported a 43.41 per cent decline in its net profit to Rs 10.44 crore for the second quarter ended September 2024. It had posted a net profit of Rs 18.45 crore in the July-September quarter a year ago, according to a regulatory filing from the CK Birla group firm. However, its revenue from operations increased 16.44 per cent to Rs 660.15 crore during the period under review. It was Rs 566.9 crore in the corresponding period of the last fiscal. The revenue growth was driven by "...encouraging performance in the lighting, appliances and Fans segments on the back of digital thrust, festival lifting and higher realisations". Its total expenses were Rs 650.11 crore, up 14.94 per cent, in the September quarter. Orient Electric's total income, which includes other income, stood at Rs 664.34 crore, up 16.5 per cent. Shares of Orient Electric Ltd on Friday settled at Rs 210.30 apiece on BSE, down 1.61 per cent from the previous close.
 "Orient Electric Q2 results: Net profit rises 43.4% to Rs 10.4 crore")
Orient Electric Q1 results: Profit down 27% to Rs 14.34 cr on high expenses
Orient Electric, which also sells mixer-grinders and switchgears, said profit decreased to Rs 14.34 crore ($1.7 million) in the quarter, from Rs 19.69 crore a year earlier
 "Orient Electric Q1 results: Profit down 27% to Rs 14.34 cr on high expenses")
