Orient Electric's Q3 Earnings: Profit Dips Amid Revenue Growth
Orient Electric Ltd reported a 4.37% decline in profit to Rs 25.98 crore for Q3 FY26, despite an 11% revenue increase to Rs 906.45 crore. The board approved an Interim Dividend of 75%, and shares traded up 6.86% on the BSE, reflecting market optimism.
- Country:
- India
Orient Electric Ltd announced a 4.37% drop in net profit for the December quarter of fiscal year 2026, bringing it to Rs 25.98 crore. This decrease comes despite a robust 11% rise in the company's revenue, which reached Rs 906.45 crore during the same period.
The revenue surge was primarily driven by a 12.6% increase in Electrical Consumer Durables, totaling Rs 646.72 crore, while the Lighting & Switchgear segment rose by 7.1% to Rs 259.73 crore. Overall expenses of the company climbed 10.55%, reaching Rs 864.42 crore for the quarter.
In a parallel development, Orient Electric's board approved an Interim Dividend of 75%, which translates to Rs 0.75 per equity share. The company's shares showed resilience by closing at Rs 170.50 on the BSE, reflecting a 6.86% gain from the previous session.
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