Orient Electric Faces Arbitration Proceedings from Comfort and Flora
Orient Electric Limited has received notices initiating arbitration proceedings from Comfort Intech Limited and Flora Fountain Properties Limited. The arbitration, invoked on August 4, 2025, is based on an alleged breach of terms in the Vendors Agreement dated April 20, 2024. Orient Electric does not expect material financial impact and is taking steps to protect its interests. The quantum of claims is yet to be determined.
31Jul 25
Orient Electric Reports 2% Revenue Growth to ₹769 Crores in Q1 Despite Weather Headwinds
Orient Electric achieved a 2% year-on-year revenue growth to ₹769.00 crores in Q1, despite weather-related disruptions. EBITDA increased by 15% to ₹46.00 crores, with margins expanding to 6.00%. The Lighting & Switchgear segment grew by 7%, while the Electrical Consumer Durables segment remained stable. BLDC fan sales grew over 50%, offsetting declines in cooler sales. The company expanded its retail network and remains optimistic about future growth.
25Jul 25
Orient Electric Reports 22% Jump in Q1 Profit, Appoints Deloitte as Internal Auditor
Orient Electric Limited announced its Q1 FY2026 results, showing a 1.9% increase in revenue to ₹769.08 crore and a 22% rise in net profit to ₹17.52 crore compared to Q1 FY2025. The company's earnings per share improved from ₹0.67 to ₹0.82. The Electrical Consumer Durables segment generated ₹545.00 crore, while the Lighting & Switchgear segment reported ₹224.08 crore in revenue. The company faces ongoing GST disputes totaling ₹63.20 crores across multiple states but believes it has a strong case.
28Apr 25
Orient Electric Reports 9.4% Revenue Growth in Q4, Lighting and Switchgears Segment Shines
Orient Electric's Q4 revenue increased by 9.40% year-over-year to Rs 8.60 billion. The Lighting and Switchgears segment grew by 12.50%, while the Fans segment achieved high single-digit growth. The company gained approximately 200 basis points in B2C lighting market share, accompanied by high double-digit volume growth.
25Apr 25
Orient Electric Reports 144% Surge in Q4 Net Profit, Driven by Strong Fan and Air Cooler Demand
Orient Electric Limited reported a significant boost in its Q4 FY2024-25 financial performance. Net profit more than doubled to 31.26 crore rupees, a 144% increase year-on-year. Revenue from operations grew by 9.4% to 862.00 crore rupees. EBITDA improved by 18.2% to 62.90 crore rupees. For the full fiscal year 2024-25, total revenue increased by 10% and net profit by 10.5%. The company declared a final dividend of 0.75 rupees per share, bringing the total annual dividend to 1.50 rupees per share.