Board Meeting Details

The Board of Directors meeting was held on October 15, 2026, commencing at 1:00 PM and concluding at 1:55 PM. The Board approved the unaudited financial results, which were subjected to limited review by the statutory auditors.

Financial Results - Quarter Ended September 30, 2026 (Q2 FY27)

Income Statement Highlights:

  • Revenue from operations: ₹879.34 crore
  • Other income: ₹3.92 crore
  • Total income: ₹883.26 crore
  • Total expenses: ₹846.79 crore
  • Profit before exceptional item and tax: ₹36.47 crore
  • Exceptional item: None in Q2 (₹3.96 crore in Q1 FY27)
  • Profit before tax: ₹36.47 crore
  • Total tax expenses: ₹9.41 crore (Current tax: ₹9.52 crore, Deferred tax: ₹-0.11 crore)
  • Profit for the period: ₹27.06 crore
  • Other comprehensive income (net of tax): ₹0.06 crore
  • Total comprehensive income: ₹27.12 crore
  • Earnings per share (EPS): Basic and Diluted ₹1.27

Comparative Performance:

  • Revenue increased 25.2% YoY from ₹702.61 crore in Q2 FY26
  • Profit before tax increased 123.7% YoY from ₹16.30 crore in Q2 FY26
  • Net profit increased 124.4% YoY from ₹12.06 crore in Q2 FY26

Financial Results - Half Year Ended September 30, 2026 (H1 FY27)

Income Statement Highlights:

  • Revenue from operations: ₹1,829.10 crore
  • Other income: ₹8.28 crore
  • Total income: ₹1,837.38 crore
  • Total expenses: ₹1,754.49 crore
  • Profit before exceptional item and tax: ₹82.89 crore
  • Exceptional item: ₹3.96 crore (recognized in Q1 FY27)
  • Profit before tax: ₹78.93 crore
  • Total tax expenses: ₹20.38 crore
  • Profit for the period: ₹58.55 crore
  • Other comprehensive income (net of tax): ₹0.12 crore
  • Total comprehensive income: ₹58.67 crore
  • Earnings per share (EPS): Basic and Diluted ₹2.74

Comparative Performance:

  • Revenue increased 24.3% YoY from ₹1,471.69 crore in H1 FY26
  • Profit before tax increased 97.5% YoY from ₹39.96 crore in H1 FY26
  • Net profit increased 97.9% YoY from ₹29.58 crore in H1 FY26

Segment-wise Performance (Quarter Ended September 30, 2026)

Revenue:

  • Electrical consumer durables: ₹550.50 crore (62.6% of total)
  • Lighting & switchgear: ₹328.84 crore (37.4% of total)
  • Total segment revenue: ₹879.34 crore
  • No inter-segment revenue

Segment Results (Profit before interest & tax):

  • Electrical consumer durables: ₹52.24 crore
  • Lighting & switchgear: ₹40.84 crore
  • Total segment results: ₹93.08 crore

Segment Assets (as of September 30, 2026):

  • Electrical consumer durables: ₹998.27 crore
  • Lighting & switchgear: ₹478.89 crore
  • Unallocated: ₹213.43 crore
  • Total segment assets: ₹1,690.59 crore

Segment Liabilities (as of September 30, 2026):

  • Electrical consumer durables: ₹477.41 crore
  • Lighting & switchgear: ₹255.59 crore
  • Unallocated: ₹152.98 crore
  • Total segment liabilities: ₹885.98 crore

Balance Sheet Position (as of September 30, 2026)

Assets:

  • Total assets: ₹1,690.59 crore
  • Non-current assets: ₹483.71 crore
  • Property, plant and equipment: ₹329.85 crore
  • Right of use asset: ₹62.10 crore
  • Deferred tax asset (net): ₹44.70 crore
  • Current assets: ₹1,205.46 crore
  • Inventories: ₹517.68 crore
  • Trade receivables: ₹570.36 crore
  • Cash and cash equivalents: ₹25.06 crore
  • Asset held for sale: ₹1.42 crore

Equity and Liabilities:

  • Total equity: ₹804.61 crore
  • Paid-up equity share capital: ₹21.34 crore (Face value: Re. 1 per share)
  • Other equity: ₹783.27 crore
  • Total liabilities: ₹885.98 crore
  • Non-current liabilities: ₹87.02 crore
  • Current liabilities: ₹798.96 crore
  • Borrowings: ₹37.86 crore
  • Trade payables: ₹582.70 crore (including ₹97.87 crore to micro and small enterprises)

Cash Flow Statement (Half Year Ended September 30, 2026)

Operating Activities:

  • Net cash flow from operating activities: ₹7.78 crore
  • Cash generated from operations: ₹31.51 crore
  • Income tax paid (net of refund): ₹23.73 crore

Investing Activities:

  • Net cash flows from investing activities: ₹8.42 crore
  • Purchase of property, plant and equipment: ₹23.16 crore
  • Purchase/sale of mutual funds: Net inflow of ₹28.36 crore

Financing Activities:

  • Net cash flows used in financing activities: ₹23.05 crore
  • Principal payment of lease liabilities: ₹15.08 crore
  • Dividends paid: ₹16.00 crore
  • Proceeds from short term borrowings (net): ₹11.45 crore

Net Change:

  • Net decrease in cash & cash equivalents: ₹6.85 crore
  • Cash & cash equivalents at beginning: ₹31.91 crore
  • Cash & cash equivalents at end: ₹25.06 crore

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meetings held on October 15, 2026.

2. The results have been prepared in accordance with Indian Accounting Standards (IND AS).

3. The company has two reportable segments: Electrical Consumer Durables and Lighting & Switchgear.

4. Exceptional Items:

  • ₹3.96 crore recognized in Q1 FY27 (quarter ended June 30, 2026) arising from write-down of capital assets to their Net Realizable Value (NRV) due to consolidation of manufacturing facilities at Noida (U.P).
  • In previous year (FY26), an incremental liability of ₹8.65 crore was recognized due to reassessment of employee benefit obligations following notification of 'New Labour Codes'.

5. Asset Held for Sale:

  • A dwelling unit at New Delhi with net book value of ₹1.42 crore is classified as 'Asset held for sale' as execution and registration of sale deed is pending.

Auditor Review

Price Waterhouse Chartered Accountants LLP conducted a limited review of the financial results and issued an unmodified conclusion, stating that nothing has come to their attention that causes them to believe that the Statement has not been prepared in all material respects in accordance with applicable Accounting Standards and regulatory requirements.

Additional Information

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