Orient Electric Limited — Updates, 29-01-2025: Press Release

Orient Electric has announced a board meeting regarding its financial results for the third quarter of FY 2024-25. The company has reported a revenue from operations of ₹817 Cr, representing an 8.6% year-on-year increase. Operating EBITDA saw a substantial growth of 25%, reaching ₹61 Cr, with an EBITDA margin improvement of 98 basis points. Gross margin also experienced a notable rise of 184 basis points due to enhanced cost efficiencies and a focus on premium products. Profit after tax rose by 11.9% to ₹27 Cr. The strong performance can be attributed to solid growth in the lighting and switchgear sector, which recorded a 12% increase, alongside a 7.3% growth in the electrical consumer durables segment. This steady growth trajectory underscores the company's effective strategies and operational efficiencies, projecting a positive outlook for investors.