Orient Electric Q2 PAT Surges 124% YoY to ₹27.1 Cr
Earnings & Results
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
15th Oct 2026
Financial Performance Summary
Q2 FY27 Performance (Quarter Ended September 30, 2026)
- Revenue from Operations: ₹879.3 crore, representing 25.2% YoY growth from ₹702.6 crore in Q2 FY26
- Gross Profit: ₹255.2 crore with Gross Margin of 29.0% (down 251 bps YoY from 31.5%)
- EBITDA: ₹56.8 crore, showing 49.7% YoY growth with EBITDA Margin of 6.5% (up 106 bps YoY from 5.4%)
- Profit Before Tax (PBT): ₹36.5 crore, surging 123.7% YoY from ₹16.3 crore
- Profit After Tax (PAT): ₹27.1 crore, increasing 124.4% YoY from ₹12.1 crore
- PAT Margin: 3.1% (up 136 bps YoY from 1.7%)
- Earnings Per Share: ₹1.27, up 124.4% YoY from ₹0.57
H1 FY27 Performance (Half Year Ended September 30, 2026)
- Revenue from Operations: ₹1,829.1 crore, representing 24.3% YoY growth from ₹1,471.7 crore in H1 FY26
- Gross Profit: ₹538.3 crore with Gross Margin of 29.4% (down 265 bps YoY from 32.1%)
- EBITDA: ₹123.4 crore, showing 46.9% YoY growth with EBITDA Margin of 6.7% (up 104 bps YoY from 5.7%)
- Profit Before Tax (PBT): ₹78.9 crore, increasing 97.5% YoY from ₹40.0 crore
- Profit After Tax (PAT): ₹58.5 crore, increasing 97.9% YoY from ₹29.6 crore
- PAT Margin: 3.2% (up 119 bps YoY from 2.0%)
- Earnings Per Share: ₹2.74, up 97.9% YoY from ₹1.39
Segment Performance Highlights
Electrical Consumer Durables Segment
- Fans business grew high double-digit, outperforming industry and driving market share gains
- Both Direct-to-Market (DTM) and Modern Trade (MD) markets delivered double-digit growth
- BLDC fans grew approximately 26% YoY driven by new premium launches
- Premium products contributed approximately 41% of fans mix
- Appliances delivered double-digit growth, led by Water Heaters and Garment care segment
- E-commerce and Exports both grew double-digit
Lighting & Switchgear Segment
- Lighting grew double-digit, driven by new product launches and distribution expansion
- Premium mix stable at 66%, reflecting sustained premiumisation momentum
- Wires grew more than 2X (over 200%)
- Switchgear & Switches grew high double-digit
- Electrician programs deepened channel reach, enabling cross-selling across fans and lighting networks
Operational and Strategic Updates
Cost Optimization Initiatives
- Sanchay program saved approximately ₹13 crore in Q2 FY27 through focused cost actions
- Fans-lighting distribution synergies yielding tangible gains for Switchgears & Wires
- Margin resilience maintained through operating leverage and cost optimization initiatives
Market Expansion
- Direct-to-Market expansion into MP, Chhattisgarh, and Jharkhand
- Continued strengthening of market presence across all channels
Innovation and Premiumisation
- New Product Development (NPD) contributed approximately 30% to fans revenue
- Luminaires maintained 66% premium mix
- Focus on innovation-led launches driving premiumisation across categories
Marketing Initiatives
- Independence Day Campaign: "Chalta Hai, Ab Nai Chalega" with brand film, digital OOH, and physical OOH
- Ecotech Volt Social Experiment: "Yeh Fan Chal Kaise Raha Hai?" showcasing battery backup USP with digital amplification using 5 local influencers
- Enhanced brand visibility through airports, outdoor, and digital channels
- Samvad customer service initiative providing sharper consumer insights and faster resolution through AI-led capabilities
Balance Sheet Position (as of September 30, 2026)
Assets
- Total Assets: ₹1,690.6 crore (compared to ₹1,666.6 crore as of March 31, 2026)
- Non-Current Assets: ₹483.7 crore
- Property, Plant and Equipment: ₹329.9 crore
- Right of Use Asset: ₹62.1 crore
- Deferred Tax Assets (net): ₹44.7 crore
- Current Assets: ₹1,205.5 crore
- Inventories: ₹517.7 crore (increased from ₹425.6 crore)
- Trade Receivables: ₹570.4 crore (decreased from ₹619.4 crore)
- Cash & Bank Balance: ₹25.9 crore (decreased from ₹32.7 crore)
Liabilities and Equity
- Total Equity: ₹804.6 crore (increased from ₹760.1 crore)
- Equity Share Capital: ₹21.3 crore (unchanged)
- Other Equity: ₹783.3 crore (increased from ₹738.8 crore)
- Non-Current Liabilities: ₹87.0 crore
- Current Liabilities: ₹799.0 crore
- Borrowings: ₹37.9 crore (increased from ₹26.4 crore)
- Trade Payables: ₹582.7 crore (decreased from ₹600.7 crore)
Capital Market Information
- Bloomberg Ticker: ORIENTEL IN
- BSE Ticker: 541301
- NSE Ticker: ORIENTELEC
- Market Capitalization: ₹3,369 crore (as of September 30, 2026)
- Number of Shares Outstanding: 21.34 crore