New Delhi, January 29, 2025 – Orient Electric Limited (NSE: ORIENTELEC, BSE: 541301), a CK Birla Group Company, has reported strong financial performance for the third quarter and nine months ended December 31, 2024, with growth in revenue and profitability.
Key Financial Highlights (Q3 FY25 - Standalone)
- Revenue from Operations: ₹816.82 crores (vs. ₹751.93 crores in Q3 FY24), marking an 8.6% YoY increase.
- Total Income: ₹818.51 crores (vs. ₹756.21 crores in Q3 FY24).
- Profit Before Tax (PBT): ₹36.62 crores (vs. ₹32.80 crores in Q3 FY24).
- Net Profit (PAT): ₹27.17 crores, reflecting 11.7% YoY growth.
- Basic EPS: ₹1.27 (vs. ₹1.14 in Q3 FY24).
Nine-Month Financial Overview (9MFY25)
- Total Revenue: ₹2,240.18 crores (vs. ₹2,034.96 crores in 9MFY24).
- Total Expenses: ₹2,170.07 crores.
- Net Profit: ₹51.95 crores (vs. ₹62.47 crores in 9MFY24), impacted by one-time exceptional gains in the previous year.
- Total Comprehensive Income: ₹52.19 crores, reflecting stable operational efficiency.
Segment-Wise Performance
- Electrical Consumer Durables Revenue: ₹574.33 crores (+7.3% YoY).
- Lighting & Switchgear Revenue: ₹242.49 crores (+11.9% YoY).
- Segment Profit Before Interest & Tax:
- Electrical Consumer Durables: ₹64.31 crores.
- Lighting & Switchgear: ₹32.18 crores.
Regulatory & Corporate Updates
- Interim Dividend: ₹0.75 per share (75% of the face value of ₹1 per share), with a record date of February 4, 2025.
- Exceptional Item: ₹18.68 crores gain from the sale of land in Hyderabad.
- GST Demand: ₹8.86 crore tax demand and penalty from the CGST and Central Excise Commissionerate, Indore, will be appealed.
- Appointment: Mr. Tapas Roy Chowdhury was appointed Senior Managerial Personnel, effective January 29, 2025.