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Orient Electric Ltd Q1FY24; 5% rise in Profits

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.

Financial Results:

Orient Electric Ltd reported Revenues for Q1FY24 of ₹706.00 Crores up from ₹622.00 Crore year on year, a rise of 13.5%.

Total Expenses for Q1FY24 of ₹682.00 Crores up from ₹601.00 Crores year on year, a rise of 13.48%.

Consolidated Net Profit of ₹20.00 Crores up 5.26% from ₹19.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.92, up 3.37% from ₹0.89 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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