Orient Electric (ORIENTELEC) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 revenue grew 10% year-on-year to ₹948 crore, with broad-based momentum across Fans, Appliances, Lighting, Switchgear, and Wires.

• PAT for Q4 FY26 stood at ₹40 crore, up 28.9% year-on-year, reflecting operating leverage and cost efficiencies.

• Full-year FY26 revenue reached ₹3,326 crore, up 7.5% year-on-year, with double-digit growth in Lighting & Switchgear and robust ECD performance.

• FY26 PAT was ₹95.84 crore, up 15.2% year-on-year, with EPS at ₹4.49.

• Growth was driven by premiumization, innovation, and diversification, despite industry headwinds from commodity inflation and supply disruptions.

Financial highlights

• Q4 FY26 EBITDA margin improved to 8.2%, with EBITDA at ₹77 crore, up 15.8% year-on-year.

• Gross margin for Q4 FY26 was 31%, impacted by commodity inflation.

• Sanchay/cost efficiency program delivered ₹68 crore in cost savings for FY26.

• Net cash position improved to ₹67 crore as of March 2026.

• Working capital days increased to over 30 from 23 last year due to inventory build-up amid supply disruptions.

Outlook and guidance

• FY27 priorities include scaling diversification engines, accelerating premiumization, and deepening distribution.

• Expecting demand improvement in Q1 FY27 due to forecasted hotter, prolonged summer.

• Committed to double-digit EBITDA margin journey, contingent on normalization of commodity inflation and supply chain.

• Calibrated price hikes implemented early in Q1 to address input cost inflation; further actions will be considered as needed.

• Final dividend of ₹1.50 per share for FY26 recommended, subject to shareholder approval.