Orient Electric Q2 profit jumps two-fold to Rs 27 crore, revenue rises 25% YoY
AgenciesThe company had posted a net profit of Rs 12.06 crore in the July-September quarter a year ago, according to a regulatory filing.
Its revenue from operations rose 25.15 per cent to Rs 879.34 crore in the September quarter of FY27 from Rs 702.61 crore in the corresponding period of the previous fiscal.
Total expenses of Orient Electric Ltd (OEL) were at Rs 846.79 crore, up 23 per cent in the second quarter of FY27.
Revenue from its Electrical Consumer Durables was up 24.85 per cent at Rs 550.5 crore in Q2/FY27 as against Rs 545 crore in the corresponding period a year ago.
OEL's revenue from Lighting & Switchgear was at Rs 328.84 crore, up 25.65 per cent.
Shares of Orient Electric Ltd on Thursday were trading at Rs 181.65 on BSE, up 4.52 per cent from the previous close.