Orient Electric (ORIENTELEC) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 revenue grew 8.6% year-on-year and 23.7% quarter-on-quarter to Rs 816.82 crore, with 9M FY25 revenue at Rs 2,231.83 crore, up 10.2% year-on-year.

• Net profit for Q3 FY25 was Rs 27.17 crore, up 11.9% year-on-year, aided by a Rs 18.68 crore exceptional gain from land sale.

• Premiumization, technology-driven offerings, and new product launches in fans and lighting drove growth and margin improvement.

• Cost optimization initiatives, including Spark Sanchay, delivered Rs 52 crore YTD savings.

Financial highlights

• Q3 FY25 revenue: Rs 816.8 crore (+8.6% YoY, +23.7% QoQ); 9M FY25: Rs 2,231.8 crore (+10.2% YoY).

• Q3 gross margin: 31.7% (+184bps YoY); operating EBITDA margin: 7.5% (+98bps YoY, +209bps QoQ).

• Q3 PAT: Rs 27.2 crore (+11.9% YoY, +159% QoQ); PAT margin: 3.3%.

• EPS for Q3 FY25: Rs 1.27 (+11.7% YoY); interim dividend of Rs 0.75 per share declared.

• Working capital cycle improved to 16 days in Q3 FY25.

Outlook and guidance

• Gross margin expected to sustain at 31%-33% range, supported by product mix and premiumization.

• Focus on readiness for seasonal demand, new product launches, and inventory management.

• Ambition to reach double-digit operating margins over the next few quarters.

• Management confident in contesting recent GST demand orders.

• Three-year growth plan to be shared by April/May.