Orient Electric Q3 results: Profit jumps 12% on strong sales growth
Orient Electric Limited, part of the CK Birla Group, reported an 11.9 per cent increase in net profit to ₹27.2 crore for the third quarter ended December 31, 2024, driven by robust sales growth and improved operational efficiency. The company’s revenue from operations rose 8.6 per cent year-on-year to ₹817 crore from ₹752 crore in the same quarter last year.
The shares of Orient Electric Limited closed at ₹219.45 down by ₹2.74 or 1.23 per cent on the NSE today.
The consumer electrical products manufacturer saw its operating profit (EBITDA) surge by 25 per cent to ₹61.2 crore, with margins improving by 98 basis points to 7.5 per cent. Gross margin expanded by 184 basis points, which the company attributed to better cost management, focus on premium products, and an improved product mix.
The company’s lighting and switchgear business unit recorded 12 per cent growth, while the Electrical Consumer Durables (ECD) segment grew by 7.3 per cent. Managing Director and CEO Ravindra Singh Negi said the performance reflects the positive impact of their focused execution strategy and improved operating leverage.
For the nine months ended December 2024, Orient Electric’s revenue increased by 10.2 per cent to ₹2,231.8 crore. However, the company’s normalised PAT for this period grew by 10.2 per cent year-on-year, after adjusting for a one-time gain from land sale in the previous year.
