Orient Electric Limited — Important, 25-10-2024: Updates

Orient Electric Limited reported its un-audited financial results for Q2 and H1 FY2024 on October 25, 2024. Revenue from operations reached ₹660.15 crores, up from ₹566.90 crores year-on-year. Net profit for the period was ₹10.44 crores. The company experienced a decline in cash flow, with cash equivalents decreasing to ₹39.74 crores. Notably, an exceptional profit of ₹18.68 crores was recognized from the sale of land at Hyderabad.