Orient Electric's Q1 FY25 Financial Results Show Flat Performance, PAT Falls by 5.2%

Aug 01 2024 04:08 PM IST
share
Share Via
Orient Electric, a midcap company in the consumer electronics industry, reported a flat performance in the quarter ending March 2024, with a slight improvement in its score. However, the company's Profit After Tax (PAT) has fallen by -5.2% compared to the previous four quarters, indicating a negative trend. Despite this, Orient Electric remains a strong player in the industry and investors are advised to hold their positions in the company's stock.

Orient Electric, a midcap company in the consumer electronics industry, recently announced its financial results for the quarter ending March 2024. The company’s stock call has been declared as ‘Hold’ by MarketsMOJO.

According to the financial report, Orient Electric has shown a flat performance in the quarter, with a slight improvement in its score from -11 to -5 in the last three months. However, there are certain areas that have not been performing well for the company.


One of the major concerns is the Profit After Tax (PAT) for the quarter, which has fallen by -5.2% compared to the average PAT of the previous four quarters. The PAT for the quarter stands at Rs 14.34 crore, while the average PAT for the previous four quarters was Rs 15.13 crore. This indicates a negative trend in the near term for Orient Electric.


Despite these challenges, Orient Electric remains a strong player in the consumer electronics industry with a midcap size. The company continues to strive towards improving its financial performance and delivering value to its stakeholders. Investors are advised to hold their positions in the company’s stock, as per the recommendation by MarketsMOJO.


{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News