Orient Electric Logs Strong Growth In Q3: Dolat Capital
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Dolat Capital Report
Orient Electric Ltd.’s Q3 revenues, Ebitda and profit after tax grew by 25%, 86% and 173% YoY at Rs 6.2 billion, Rs 842 million and Rs 519 million respectively driven by strong growth in electrical consumer durables.
Cash balance on books remained healthy at Rs 1.7 billion compared to Rs 842 million in Q2 FY21 with healthy working capital management.
The company continued to grow under ECD segment with a growth of 42% in Q3 and higher margins by 250 basis points at 14.9%, though lighting declined 8% due to slowdown in business-to-business.
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