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Orient Electric Ltd Q3FY24; 27% fall 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 Q3FY24 of ₹752.00 Crores up from ₹739.00 Crore year on year, a rise of 1.76%.

Total Expenses for Q3FY24 of ₹723.00 Crores up from ₹704.00 Crores year on year, a rise of 2.7%.

Consolidated Net Profit of ₹24.00 Crores down 27.27% from ₹33.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.14, down 25.49% from ₹1.53 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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