Orient Electric standalone net profit declines 48.01% in the March 2024 quarter

Sales rise 19.72% to Rs 787.66 crore

Net profit of Orient Electric declined 48.01% to Rs 12.80 crore in the quarter ended March 2024 as against Rs 24.62 crore during the previous quarter ended March 2023. Sales rose 19.72% to Rs 787.66 crore in the quarter ended March 2024 as against Rs 657.91 crore during the previous quarter ended March 2023.

For the full year,net profit declined 0.76% to Rs 75.27 crore in the year ended March 2024 as against Rs 75.85 crore during the previous year ended March 2023. Sales rose 11.19% to Rs 2812.12 crore in the year ended March 2024 as against Rs 2529.17 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales787.66657.91 20 2812.122529.17 11 OPM %3.907.05 -5.135.97 - PBDT28.9746.58 -38 136.60155.44 -12 PBT13.4932.84 -59 77.58101.94 -24 NP12.8024.62 -48 75.2775.85 -1

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