Orient Electric Q3 Profit Dips Amid Revenue Growth

Orient Electric Ltd (OEL) experienced a 4.37% decline in net profit for the third quarter of FY26, with earnings falling to ₹25.98 crore from ₹27.17 crore in the same period last year. This decrease occurred even as the company's revenue from operations saw a significant 11% increase, climbing to ₹906.45 crore from ₹816.82 crore year-on-year.

The growth in overall revenue was bolstered by strong performance in key segments. Electrical Consumer Durables revenue rose by 12.6% to ₹646.72 crore, while the Lighting & Switchgear division reported a 7.1% increase, bringing in ₹259.73 crore. Total expenses for OEL during the quarter were reported at ₹864.42 crore, marking a 10.55% rise.

In addition to its financial results, OEL's board approved an interim dividend of 75%, equivalent to ₹0.75 per equity share, for the current financial year. The company's shares were trading at ₹170.50 on the BSE on Thursday, reflecting a 6.86% increase from the prior trading day.