Orient Electric Limited disclosed the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), approved by the Board of Directors at their meeting held on July 22, 2026. The meeting commenced at 12:20 p.m. and concluded at 1:25 p.m.

The financial results were subjected to a limited review by the company's statutory auditors, S.R. Batliboi & Co. LLP (Firm Registration Number 301003E/E300005), who issued a review report stating that nothing came to their attention causing them to believe the statement contains material misstatement.

Financial Performance (All figures in ₹ Crores, unless otherwise stated)

Income:

  • Revenue from operations: ₹949.76 crore (Q1 FY27) vs ₹769.08 crore (Q1 FY26) - 23.5% increase
  • Other income: ₹4.36 crore (Q1 FY27) vs ₹2.48 crore (Q1 FY26)
  • Total income: ₹954.12 crore (Q1 FY27) vs ₹771.56 crore (Q1 FY26)

Expenses:

  • Cost of raw materials and components consumed: ₹297.13 crore
  • Purchase of traded goods: ₹444.66 crore
  • Changes in inventories: (₹75.14) crore
  • Employee benefits expense: ₹84.48 crore
  • Finance costs: ₹5.74 crore
  • Depreciation and amortization: ₹18.80 crore
  • Other expenses: ₹132.03 crore
  • Total expenses: ₹907.70 crore

Profitability:

  • Profit before exceptional items and tax: ₹46.42 crore vs ₹23.66 crore (Q1 FY26)
  • Exceptional item: ₹3.96 crore (related to manufacturing consolidation - see below)
  • Profit before tax: ₹42.46 crore vs ₹23.66 crore (Q1 FY26)
  • Total tax expense: ₹10.97 crore (Current tax: ₹12.67 crore, Deferred tax credit: ₹1.70 crore)
  • Profit for the period: ₹31.49 crore vs ₹17.52 crore (Q1 FY26) - 80% increase
  • Total comprehensive income: ₹31.55 crore

Earnings Per Share:

  • Basic EPS: ₹1.48 (Q1 FY27) vs ₹0.82 (Q1 FY26)
  • Diluted EPS: ₹1.48 (Q1 FY27) vs ₹0.82 (Q1 FY26)
  • Paid-up equity share capital: ₹21.34 crore (Face value: Re. 1/- each)

Exceptional Items

The company recognized an exceptional item of ₹3.96 crore in the current quarter (and ₹1.51 crore in the previous year quarter ended March 31, 2026) arising from write-down of capital assets to their Net Realizable Value due to consolidation of manufacturing facilities at Noida, Uttar Pradesh.

In the previous year ended March 31, 2026, the company had recognized an exceptional item of ₹8.65 crore related to reassessment of employee benefit obligations following the notification of the 'New Labour Codes' in November 2025.

Segment Information

The company has two reportable segments:

1. Electrical Consumer Durables: Net revenue ₹668.74 crore, segment result ₹58.26 crore

2. Lighting & Switchgear: Net revenue ₹281.02 crore, segment result ₹42.12 crore

Segment Assets:

  • Electrical Consumer Durables: ₹953.44 crore
  • Lighting & Switchgear: ₹301.47 crore
  • Unallocated: ₹1,730.41 crore
  • Total: ₹2,985.32 crore

Segment Liabilities:

  • Electrical Consumer Durables: ₹552.64 crore
  • Lighting & Switchgear: ₹255.32 crore
  • Unallocated: ₹129.88 crore
  • Total: ₹937.84 crore

Additional Information

The above details are available on the company's website at https://orientelectric.com/pages/notice-stock-exchange-disclosures.

The financial results were reviewed by the Audit Committee and taken on record by the Board of Directors on July 22, 2026.