Orient Electric has earned its mark as one of India’s leading consumer electrical brands. The company offers a diverse range of lighting, fans, home appliances, and switch-gears. The company is committed to producing cutting-edge lifestyle electrical items that satisfy the demands and expectations of contemporary consumers. It takes pride in its R&D capabilities, spirit of constant innovation, and these attributes.
Financial Results:
Despite an 8.9 percent rise in revenue from operations to INR 739 crore in the third quarter of FY23 over the third quarter of FY22, the company reported a 14.5 percent decline in net profits that stood at INR 32.5 crore. Cost of Goods Sold were up by 7.4 percent YoY during the quarter and stood at INR 527.5 crore. As against 9.8 percent in Q3 of December 2021, the company’s EBITDA margin was 7.4 in Q3 of December 2022. Profit before tax suffered a decline of 14.4 percent in Q3FY23 and stood at INR 43.6 crore from INR 50.9 crore in Q3FY22.
Most Popular
Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
All you need to know about Antony Waste Handling Cell in one article
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
Demystifying the Leading Non-Ferrous Recycling Company of India
“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,