Orient Electric turns black in Q2

Orient Electric Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 541301 | NSE: ORIENTELEC

03 Nov 2023 Evaluate

Orient Electric has reported results for second quarter ended September 30, 2023 (Q2FY24).

The company has reported net profit of Rs 18.45 crore for the quarter under review as against net loss of Rs 0.28 crore for the same quarter in the previous year. Total income of the company increased by 10.29% at Rs 570.26 crore for Q2FY24 as compared Rs 517.06 crore for the corresponding quarter previous year.

Orient Electric has established itself in the market as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switchgears.

Peers

Company Name	CMP
Crompt.Greaves Cons.	212.00
Whirlpool Of India	882.20
PG Electroplast	497.00
Bajaj Electricals	309.00
Orient Electric	156.60
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.