Orient Electric Reports Strong Q3 Results with Significant Growth in Key Financial Metrics

Jan 29 2025 05:50 PM IST
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Orient Electric has announced its financial results for the quarter ending December 2024, highlighting significant improvements in key performance metrics. Profit Before Tax reached Rs 34.93 crore, while Profit After Tax was Rs 27.17 crore. Net sales peaked at Rs 816.82 crore, with an Operating Profit Margin of 7.49%.
Orient Electric has reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a significant adjustment in its evaluation, with its score reflecting a shift from -10 to 13 over the past three months.

The financial results indicate a robust performance in several key areas. Profit Before Tax less Other Income (PBT) reached Rs 34.93 crore, marking a substantial growth compared to the average PBT of the previous four quarters, which stood at Rs 15.95 crore. Similarly, Profit After Tax (PAT) was reported at Rs 27.17 crore, demonstrating a strong increase over the average PAT of Rs 15.48 crore from the prior quarters.

Net sales also reached a peak of Rs 816.82 crore, the highest in the last five quarters, while Operating Profit (PBDIT) was recorded at Rs 61.17 crore, again the highest in the same timeframe. The Operating Profit Margin improved to 7.49%, indicating enhanced efficiency within the company. Additionally, Earnings per Share (EPS) rose to Rs 1.27, reflecting increased profitability and higher earnings for shareholders.

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