Hot Pursuit     20-Jan-22
Orient Electric tumbles after Q3 PAT drops 27% YoY to Rs 38 cr
Orient Electric fell 4.17% to Rs 348.35 after the company's net profit fell 26.68% to Rs 38.08 crore on 9.71% increase in net sales to Rs 678.35 crore in Q3 December 2021 over Q3 December 2020.
During the quarter, revenue from electrical consumer durables segment rose 4.53% to Rs 481.30 while revenue from lighting & switchgear segment rose 24.80% to Rs 197.05 crore.

The company's profit before tax fell 26.66% to Rs 50.93 crore in Q3 December 2021 over Q3 December 2020.

Total expenses jumped 14.33% to Rs 628.31 with cost of materials consumed rising 13.09% to Rs 220 crore during the period under review.

The board declared an interim dividend of Rs 0.75 per equity share of Re 1 each of the company.

Orient Electric, a part of the CK Birla Group, makes lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.

Previous News
  Orient Electric reports standalone net loss of Rs 0.28 crore in the September 2022 quarter
 ( Results - Announcements 04-Nov-22   07:58 )
  Orient Electric fixes record date for interim dividend
 ( Market Beat - Reports 28-Jan-20   16:52 )
  Orient Electric to convene board meeting
 ( Corporate News - 02-May-24   16:25 )
  Volumes jump at Orient Electric Ltd counter
 ( Hot Pursuit - 15-Jun-22   11:00 )
  Orient Electric drops after MD & CEO Rajan Gupta resigns
 ( Hot Pursuit - 14-Jul-23   14:51 )
  Orient Electric reports standalone net loss of Rs 27.29 crore in the June 2020 quarter
 ( Results - Announcements 27-Jul-20   14:32 )
  Orient Electric receives affirmation in credit ratings for bank facilities
 ( Corporate News - 07-Jul-23   09:28 )
  Board of Orient Electric accepts resignation of MD & CEO
 ( Corporate News - 14-Jul-23   14:30 )
  Volumes spurt at TCI Express Ltd counter
 ( Hot Pursuit - 12-May-22   11:00 )
  Orient Electric Ltd leads losers in 'A' group
 ( Hot Pursuit - 14-Jul-23   15:00 )
  Orient Electric fixes record date for final divided
 ( Market Beat - Reports 30-Jun-23   17:15 )
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