Orient Electric has announced its financial results for the second quarter of FY25, showcasing mixed performance in revenue growth but a notable decline in profitability. The company has experienced solid year-on-year growth in revenue, but profits took a hit due to increased expenses.
Key Financial Highlights:
- Revenue from Operations:
- For Q2 FY25, Orient Electric reported revenue from operations of ₹660.15 crore, representing a 16.46% increase compared to ₹566.90 crore in Q2 FY24.
- On a quarter-over-quarter (QoQ) basis, revenue declined by 12.55%, down from ₹754.86 crore in Q1 FY25.
- Net Profit:
- The company’s net profit for Q2 FY25 came in at ₹10.44 crore, marking a 43.43% drop compared to ₹18.45 crore in Q2 FY24.
- On a QoQ basis, net profit fell by 27.20%, down from ₹14.34 crore in Q1 FY25.
Factors Affecting Profitability:
The decline in profitability can be attributed to increased expenses, particularly in raw material costs and operational expenses, which weighed heavily on the company’s margins. Despite a rise in revenue, these factors significantly impacted the bottom line.
