Orient Electric (ORIENTELEC) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 revenue grew 11% year-on-year to ₹906.45 crore, driven by strong festive demand, premiumization, and resilient consumer sentiment despite commodity headwinds.

• EBITDA margin held steady at 7.5%, with EBITDA up 10.6% year-on-year, supported by cost actions and operating leverage.

• ECD segment revenue grew 12.6% year-on-year, led by heating appliances and premium fans; Lighting & Switchgear segment grew 7.1% year-on-year.

• Net profit for the quarter was ₹25.98 crore, impacted by a one-time statutory adjustment related to new Labour Codes.

• The Board declared an interim dividend of ₹0.75 per equity share.

Financial highlights

• Q3 FY26 sales reached ₹906.5 crore, up 11% year-on-year and 29% sequentially.

• Gross profit was ₹270.4 crore, with a margin of 29.8%, down year-on-year due to elevated commodity prices.

• EBITDA for Q3 FY26 at ₹68 crore, up 10.6% year-on-year; PBT before exceptional items at ₹44 crore, up 19% year-on-year.

• PAT for Q3 FY26 at ₹25.98 crore, down 4.4% year-on-year; 9M FY26 PAT at ₹56 crore, up 6.9% year-on-year.

• Basic and diluted EPS for the quarter were ₹1.22, compared to ₹0.57 in the same quarter last year.

Outlook and guidance

• New BEE norms from January 2026 expected to accelerate BLDC fan adoption, benefiting the premium and energy-efficient portfolio.

• Focus on portfolio expansion, premiumization, and technology-led innovation to drive future growth.

• Confident of finishing FY25/26 with sustained growth, improved profitability, and a future-ready model.

• Double-digit margin target remains, contingent on commodity price trends and further price increases if needed.

• The company assessed the impact of new Labour Codes and disclosed a non-recurring exceptional item of ₹8.65 crore.