Orient Electric Limited has reported strong financial performance for the third quarter ended December 31, 2024. The company’s total income rose 8.3% year-on-year (YoY) to ₹818.51 crore, compared to ₹756.21 crore in Q3 FY24. Quarter-on-quarter (QoQ), the revenue surged 23.2% from ₹664.34 crore in the previous quarter. The growth was driven by robust sales across its product categories.
Orient Electric Limited reported revenue from operations of ₹816.82 crore in Q3 FY25, compared to ₹751.93 crore in Q3 FY24. This represents a YoY growth of 8.6%.
Total expenses stood at ₹781.89 crore, reflecting an 8.1% YoY rise from ₹723.41 crore in Q3 FY24 and a 20.3% increase QoQ from ₹650.11 crore in Q2 FY25. Notably, the cost of raw materials and components consumed amounted to ₹193.88 crore, up from ₹190.04 crore in the same quarter last year but slightly lower than ₹212.92 crore in the previous quarter. Purchase of traded goods increased to ₹384.82 crore from ₹304.22 crore in Q2 FY25.
The company reported a profit before tax (PBT) of ₹36.62 crore, up from ₹14.23 crore in the previous quarter, reflecting a massive 157% QoQ increase. On a YoY basis, PBT grew 11.6% from ₹32.80 crore in Q3 FY24.
Net profit for the quarter surged 161% QoQ to ₹27.17 crore, compared to ₹10.44 crore in Q2 FY25. On a YoY basis, net profit grew 11.2% from ₹24.33 crore in Q3 FY24.
For the nine-month period ended December 2024, Orient Electric’s total revenue reached ₹2,240.18 crore, reflecting a 10% YoY increase from ₹2,034.96 crore in the corresponding period last year. Net profit for the nine-month period stood at ₹51.95 crore, compared to ₹62.47 crore in the same period last year.
The company’s strong performance was driven by improving operational efficiencies and robust demand in key product segments. With a steady increase in profitability and revenue, Orient Electric remains well-positioned for continued growth.
