{"id":142060,"date":"2023-02-16T09:13:10","date_gmt":"2023-02-16T14:13:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142060"},"modified":"2023-02-16T09:13:11","modified_gmt":"2023-02-16T14:13:11","slug":"orient-electric-limited-q3fy23-earnings-story","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/orient-electric-limited-q3fy23-earnings-story\/","title":{"rendered":"Orient Electric Limited Q3FY23 Earnings Story"},"content":{"rendered":"\n

Orient Electric<\/a> has earned its mark as one of India\u2019s 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.<\/p>\n\n\n\n

Financial Results:<\/h2>\n\n\n\n

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\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orient Electric has earned its mark as one of India\u2019s 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 […]<\/p>\n","protected":false},"author":1885,"featured_media":135790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753,6352],"tags":[8204],"class_list":["post-142060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-industrials","category-research-summary","tag-electrical-equipments"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":142206,"url":"https:\/\/alphastreet.com\/india\/poly-medicure-limited-q3fy23-earnings-story\/","url_meta":{"origin":142060,"position":0},"title":"Poly Medicure Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 17, 2023","format":false,"excerpt":"Poly Medicure Limited is an Indian company that deals with the manufacturing and exporting of medical devices. Some of its exported products include plastic medical surgical\/disposable devices. Financial Results: The company reported a 44.9 percent increase in net profit which stood at INR 50.01 crore. This was primarily due to\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142228,"url":"https:\/\/alphastreet.com\/india\/polyplex-corp-limited-q3fy23-earnings-story\/","url_meta":{"origin":142060,"position":1},"title":"Polyplex Corp Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 17, 2023","format":false,"excerpt":"Polyplex Corporation primarily deals with the manufacturing of Blown PP\/PE, BOPP, and CPP films which are used in the flexible packaging industry. These also have industrial usages like labels, tapes, release liners, etc. The company has 33 years of experience in the Plastic Films industry.\u00a0 Financial Results: In the third\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142413,"url":"https:\/\/alphastreet.com\/india\/mazagon-dock-shipbuilders-q3fy23-earnings\/","url_meta":{"origin":142060,"position":2},"title":"Mazagon Dock Shipbuilders Q3FY23 Earnings","author":"Karan_Singh","date":"February 21, 2023","format":false,"excerpt":"Mazagon Dock Shipbuilders Ltd deals with the building and repairing of different types of vessels including submarines, ships, and related products for both domestic and international customers.\u00a0 Financial Results: In Q3FY23, the company reported a 55 percent increase in net profits which stood at INR 337 crore owing to a\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1308041219.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1308041219.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1308041219.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1308041219.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":142828,"url":"https:\/\/alphastreet.com\/india\/tridents-q3fy23-net-profit-declines-by-32-percent\/","url_meta":{"origin":142060,"position":3},"title":"Trident’s Q3FY23 net profit declines by 32 percent","author":"Chirag Gupta","date":"February 27, 2023","format":false,"excerpt":"Textiles firm Trident Ltd reported a 32 per cent decline in consolidated profit after tax to INR 144 crore in the third quarter ended in December 2022. The company had posted a consolidated profit after tax of INR 211 crore in the same quarter previous fiscal, Trident Ltd said in\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142411,"url":"https:\/\/alphastreet.com\/india\/metropolis-healthcare-limited-q3fy23-earnings\/","url_meta":{"origin":142060,"position":4},"title":"Metropolis Healthcare Limited Q3FY23 Earnings","author":"Karan_Singh","date":"February 21, 2023","format":false,"excerpt":"Metropolis Healthcare Limited is among the leading diagnostic companies in India. The company has a great geographical presence across nations including India, the Middle East, Africa, and South Asia. Financial Results: In the third quarter of FY23, the company suffered a drop of 12.77 percent YoY in net profits from\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":141376,"url":"https:\/\/alphastreet.com\/india\/mahindra-holidays-resorts-q3fy23-earnings\/","url_meta":{"origin":142060,"position":5},"title":"Mahindra Holidays & Resorts Q3FY23 Earnings","author":"Karan_Singh","date":"February 13, 2023","format":false,"excerpt":"As part of the Leisure and Hospitality sector of the Mahindra Group, Mahindra Holidays & Resorts India Ltd. (MHRIL) primarily offers family holidays by providing vacation ownership memberships. The company's flagship brand \u2018Club Mahindra\u2019, was started in 1996 and has 250,000+ members. Financial Results: Mahindra Holidays & Resorts India increased\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142060"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/135790"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}