Orient Electric Q1 results show revenue up from 664.25 crores to 708.49 crores, a 6.66% increase in growth. EPS down from ₹1.16 to ₹0.92, down by -20.69%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Orient Electric shared its Q1 results on Wednesday. They earned 708.49 crores in revenue this quarter, but that’s more than the 664.25 crores they made last quarter. The company’s growth increased by 6.66 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 19.69 crores, down from 24.62 crores in the previous quarter. Their quarter-to-quarter growth decreased by -20.02 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹0.92, which is a decrease of -20.69% from the ₹1.16 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 708.49 crores this year (2023), which is 13.03 percent higher than last year’s total revenue of 626.82 crores.
This year’s PAT (Profit After Tax) is 19.69 crores, which is also 3.91% higher than last year’s PAT of 18.95 crores.
The EPS (Earnings Per Share) for this year is ₹0.92, which is 3.37% more than the EPS of ₹0.89 earned last year.
Also Read: AIA Engineering Q1FY24 Results: Consolidated PAT of Rs. 272.34 Cr
Orient Electric Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Orient Electric:
Orient Electric Limited, a New Delhi-based Indian multinational electrical equipment manufacturer, operates as a subsidiary of the CK Birla Group. The company’s product portfolio encompasses fans, lighting solutions, home appliances, and switchgears. Manufacturing facilities for Orient Electric are spread across Kolkata, Faridabad, and Noida.
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