Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company takes pride in its R&D capabilities, spirit of continuous innovation and commitment to manufacturing cutting-edge lifestyle electrical products that meet the needs and expectations of modern consumers.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹906.45 crore, up 11.0% YoY from ₹816.82 crore in Q3 FY25; up 906.45% QoQ from ₹29.01 crore in Q2 FY26 (one‑off comparison due to reporting adjustments).
- Revenue from Electrical Consumer Durables: ₹646.72 crore, up 12.6% YoY from ₹574.33 crore.
- Revenue from Lighting & Switchgear: ₹259.73 crore, up 7.1% YoY.
- Total Expenses: ₹864.42 crore, up 10.6% YoY.
- Total Income (incl. other income): ₹908 crore, up 11% YoY.
- Profit Before Exceptional Items & Tax: ₹43.59 crore, up 167.4% QoQ from ₹16.30 crore.
- Profit After Tax (PAT): ₹25.98 crore, down 4.4% YoY from ₹27.17 crore; up 115.4% QoQ from ₹12.06 crore.
- EBITDA: ₹67.7 crore, up 10.6% YoY from ₹61.2 crore; EBITDA margin 7.5% (flat YoY).
- Dividend: Interim dividend of ₹0.75 per share (75%) declared for FY26.
Management Commentary & Strategic Decisions
- Management noted that Q3 FY26 delivered double‑digit revenue growth despite challenging demand environment, with Electrical Consumer Durables (+12.6% YoY) leading performance; PAT decline YoY was marginal while showing strong sequential recovery.
- Expenses rose 10.6% YoY, reflecting investments in sales/marketing and supply chain amid inflationary pressures; EBITDA margin remained stable at 7.5%.
- Strategic initiatives:
- Opened 3 department stores, 3 INTUNE stores and 1 HomeStop store in Q3, continuing balanced portfolio expansion across value/premium formats.
- Premium portfolio strengthening, with focus on omni‑channel, private labels and customer experience to drive higher realisations.
- GST demand contest: Company is challenging ₹51.59 crore GST demand from GST reforms.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹702.61 crore, up 6.4% YoY from ₹660.15 crore in Q2 FY25; down 31.1% QoQ from ₹769.08 crore in Q1 FY26 due to seasonal softness.
- Revenue from Electrical Consumer Durables: ₹440.91 crore, flat YoY.
- Revenue from Lighting & Switchgear: ₹261.70 crore, up 18.6% YoY.
- Gross Margin: 31.5%, slightly below target 34% range due to higher input costs and promotions.
- EBITDA Margin: 5.4% (stable).
- Profit After Tax (PAT): ₹12.06 crore, up 15.5% YoY from ₹10.44 crore; down 31.1% QoQ from ₹17.52 crore due to seasonal fan segment weakness.
- H1 FY26: Revenue ₹1,471.69 crore, up 4% YoY; PAT ₹29.58 crore, up 19.4% YoY.
Management Commentary & Strategic Directions – Q2 FY26
- Management highlighted resilient revenue growth despite GST reforms and extended monsoon challenges, with Lighting & Switchgear (+18.6%) offsetting flat Electrical Consumer Durables.
- Profit growth of 15.5% YoY reflected cost discipline and operational efficiency amid seasonal headwinds; confident of H2 recovery driven by premiumisation and omni‑channel expansion.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.