Orient Electric reports 25% fall in Q3 net profit

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

01 Feb 2024 Evaluate

Orient Electric has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 25.28% fall in net profit at Rs 24.33 crore for the third quarter ended December 31, 2023 as compared to Rs 32.56 crore for the same quarter in the previous year. However, total income of the company increased by 1.14% at Rs 756.21 crore for Q3FY24 as compared Rs 747.65 crore for corresponding quarter of the 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
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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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
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