One of the top consumer electrical brands in India, Orient Electric offers a wide range of switch-gears, fans, lights, and household appliances. The business is committed to producing cutting-edge lifestyle electrical items that satisfy the demands and expectations of contemporary customers. It takes pride in its R&D skills, spirit of constant innovation, and these attributes.
Financial Results:
- Orient Electric Limited reported Total Income for Q4FY23 of ₹ 664 Crores down from ₹ 756 Crore year on year, a fall of 12%.
- Total Expenses for Q4FY23 of ₹ 631 Crores down from ₹ 691 Crores year on year, fall of 9%.
- Consolidated Net Profit of ₹ 24.6 Crores, down 50% from ₹ 48.7 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 1.16, down 49% from ₹ 2.29 in the same quarter of the previous year.