Orient Electric (ORIENTELEC) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations ₹2,812.12 crore vs ₹2,529.17 crore; net profit ₹75.27 crore vs ₹75.85 crore. FY PBT included a ₹18.68 crore gain on Hyderabad land sale.

• Q4 revenue from operations ₹787.66 crore vs ₹657.91 crore; net profit ₹12.80 crore vs ₹24.62 crore.

Financial highlights

• FY total income ₹2,827.66 crore vs ₹2,556.15 crore; total expenses ₹2,750.08 crore vs ₹2,454.21 crore.

• FY PBT before exceptional item ₹77.58 crore vs ₹101.94 crore; reported PBT ₹96.26 crore vs ₹101.94 crore, including the land-sale gain.

• FY total comprehensive income ₹76.55 crore vs ₹76.35 crore; basic EPS ₹3.53 vs ₹3.57 and diluted EPS ₹3.53 vs ₹3.56.

• Q4 PBT ₹13.49 crore vs ₹32.84 crore; basic and diluted EPS ₹0.60 vs ₹1.16.

Segment performance

• Electrical Consumer Durables FY revenue ₹1,982.75 crore vs ₹1,751.81 crore; segment result ₹185.62 crore vs ₹159.90 crore.

• Lighting & Switchgear FY revenue ₹829.37 crore vs ₹777.36 crore; segment result ₹116.42 crore vs ₹116.20 crore.

• Q4 Electrical Consumer Durables revenue ₹569.08 crore vs ₹457.65 crore and result ₹46.50 crore vs ₹44.52 crore.

• Q4 Lighting & Switchgear revenue ₹218.58 crore vs ₹200.26 crore and result ₹28.08 crore vs ₹39.08 crore.