Results     12-May-23
Announcements
Orient Electric standalone net profit declines 49.53% in the March 2023 quarter
Sales decline 12.67% to Rs 657.91 crore
Net profit of Orient Electric declined 49.53% to Rs 24.62 crore in the quarter ended March 2023 as against Rs 48.78 crore during the previous quarter ended March 2022. Sales declined 12.67% to Rs 657.91 crore in the quarter ended March 2023 as against Rs 753.32 crore during the previous quarter ended March 2022.

For the full year,net profit declined 40.11% to Rs 75.85 crore in the year ended March 2023 as against Rs 126.64 crore during the previous year ended March 2022. Sales rose 3.30% to Rs 2529.17 crore in the year ended March 2023 as against Rs 2448.37 crore during the previous year ended March 2022.

ParticularsQuarter EndedYear Ended
 Mar. 2023Mar. 2022% Var.Mar. 2023Mar. 2022% Var.
Sales657.91753.32 -13 2529.172448.37 3
OPM %7.0510.71 -5.979.45 -
PBDT46.5877.38 -40 155.44216.84 -28
PBT32.8465.47 -50 101.94169.76 -40
NP24.6248.78 -50 75.85126.64 -40

Previous News
  Board of Orient Electric recommends Final Dividend
 ( Corporate News - 11-May-22   10:25 )
  Orient Electric schedules AGM
 ( Corporate News - 02-Jul-24   14:29 )
  Care Ratings reaffirms ratings of Orient Electric; maintains 'stable' outlook
 ( Hot Pursuit - 07-Jul-23   11:12 )
  Dixon Technologies (India) Ltd Spikes 1.04%
 ( Hot Pursuit - 20-Jul-21   09:30 )
  Orient Electric standalone net profit rises 61.99% in the December 2019 quarter
 ( Results - Announcements 28-Jan-20   16:58 )
  Orient Electric to discuss results
 ( Corporate News - 14-Oct-19   12:18 )
  Orient Electric MD & CEO resigns
 ( Corporate News - 31-Mar-23   18:43 )
  Orient Electric standalone net profit declines 28.38% in the September 2019 quarter
 ( Results - Announcements 23-Oct-19   10:39 )
  Board of Orient Electric recommends interim dividend
 ( Corporate News - 28-Jan-20   17:44 )
  Orient Electric enters into strategic partnership with De'Longhi Group, Italy
 ( Corporate News - 27-Nov-18   18:05 )
  Orient Electric standalone net profit rises 7.25% in the September 2021 quarter
 ( Results - Announcements 23-Oct-21   15:12 )
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