Orient Electric Limited — Investor Meet, 04-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Orient Electric Limited reported a strong Q2 FY25, achieving a 16.5% YoY revenue growth of ₹660 crores. The company saw robust performance in its Appliances and Lighting segments, with ECD revenues up 21%. Gross margins improved by 240 bps to 32.4%. The “Spark Sanchay Program” contributed ₹36 crores in cost savings. While growth was muted in Switchgears, efforts in premiumization and new product launches are underway. Overall, the company remains optimistic about sustained growth and strategic initiatives.