BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Orient Electric Ltd. posted revenue of Rs 4.3 billion in Q2 FY21, flat YoY, 11%/4% above our/consensus estimates.
B2C sales of fans, consumer luminaires, water heaters and kitchen appliances registered good growth while B2B projects remained muted.
Sales were aided by pent-up demand, rising rural consumption as well as channels such as e-commerce and large format stores.
Electric consumer durables segment’s revenue rose 8% YoY to Rs 3 billion (70% of total sales) while lighting and switchgears segment’s revenue fell 15% YoY to Rs 1.3 billion (30% of total sales).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR