Orient Electric Q1FY26 Results: PAT Surges 22% YoY to ₹17.52 Cr; Deloitte Appointed Internal Auditor

New Delhi, July 25, 2025 – Orient Electric Ltd (NSE: ORIENTELEC | BSE: 541301), a C.K. Birla Group company, has announced its Q1FY26 results, which include a 22% year-on-year (YoY) increase in the standalone profits (₹17.52 crores up from ₹14.34 crores in Q1FY25). There was also a marginal increase of 1.88% YoY in revenue from operations. The company also announced the appointment of Deloitte Touche Tohmatsu India LLP as the internal auditor for FY26.

Orient Electric Stock Movement

The stock traded at ₹222.20 at 03:15 PM (3.08% higher than the previous day’s close). The low-high range remained between ₹216 and ₹226 so far today. Over 5 lakh shares were traded during the period. The company’s P/E ratio is 55.40 compared to the industrial average of 83.27.

Financial Highlights (Standalone)

In Q1FY26, the company reported a slight YoY growth of 1.88% in revenue from operations to ₹769.08 crore compared to ₹754.86 crore in Q1FY25. However, it saw a sequential decline of 10.77% from ₹861.85 crore in Q4FY25, indicating weaker quarter-on-quarter performance.

Profit Before Tax (PBT) rose 22.87% YoY to ₹23.66 crore, but dropped sharply by 43.87% QoQ. Similarly, Net Profit (PAT) increased 22.23% YoY to ₹17.52 crore, but fell 43.96% QoQ from ₹31.26 crore. Earnings per share (EPS) stood at ₹0.82, down from ₹1.46 in the previous quarter.

Segment-Wise Performance

• Electrical Consumer Durables remained flat with negligible growth (0.02%) YoY, maintaining revenue at ₹545 crore.
• Lighting & Switchgear showed stronger momentum, with a YoY growth of 6.72%, increasing revenue from ₹209.99 crore to ₹224.08 crore

Management’s Take

The company noted that the Q1 performance reflected operational resilience despite sequential weakness following a strong Q4 base. The company also disclosed that no provision has been made against outstanding GST demands and show cause notices totalling ₹63.2 crore, as it believes it has a strong case legally.

Key Announcements

• Internal Auditor Appointment: The Board approved the appointment of Deloitte Touche Tohmatsu India LLP as Internal Auditor for FY26. Deloitte boasts a deep audit and risk advisory bench, comprising over 1,200 professionals in its India Control Assurance division.
• Tax Update: The company is currently contesting GST and excise demand orders totalling ₹58.5 crore across Andhra Pradesh, Maharashtra, and Madhya Pradesh. Additional show cause notices worth ₹4.7 crore were received from Jammu & Kashmir and Kerala.

Outlook

While sequential softness was noted due to seasonality and a higher base effect, Orient Electric remains focused on enhancing efficiencies and capturing demand in its core categories. The Lighting & Switchgear segment’s continued growth provides confidence in the diversified business strategy.

Company Overview

Listed on NSE and BSE, Orient Electric is a part of the C.K. Birla Group and specialises in electrical consumer durables, including fans, lights, switchgear, and appliances. The company has a strong distribution footprint across India and exports to over 35 countries.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/74ce6d6e-b41b-497d-b5ee-2010ecb7b7ac.pdf

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