Mumbai: Orient Electric Ltd reported a 115% quarter-on-quarter jump in consolidated net profit to ₹25.98 crore in Q3 FY26, as revenue from operations surged 29% to ₹906.45 crore. Compared to ₹12.06 crore profit in Q2 and ₹27.17 crore in Q3 FY25, the company’s performance reflects a strong festive demand rebound and cost control measures aiding profitability.
Double-digit revenue growth lifts quarterly profits
Orient Electric’s revenue rose to ₹906.45 crore in Q3 FY26 from ₹702.61 crore in Q2 and ₹816.82 crore in the same quarter last year. Net profit improved sharply on a sequential basis, rising to ₹25.98 crore from ₹12.06 crore, though slightly lower than ₹27.17 crore in Q3 FY25. Total income stood at ₹908.01 crore, registering an 11% YoY and 29% QoQ increase, largely attributed to a strong uptick in festive and seasonal product categories.
Operating efficiency and festive momentum drive margins
Total expenses increased by 25.5% sequentially to ₹864.42 crore, keeping pace with top-line growth. Cost of materials and traded goods accounted for over ₹600 crore of spend, while employee expenses remained flat. EBITDA gains were aided by margin expansion and inventory leverage. EPS improved to ₹1.22 from ₹0.57 in Q2, with depreciation and finance costs holding steady. A one-time exceptional cost of ₹8.65 crore was recorded due to Labour Code-related adjustments.
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Product mix, market traction support Q3 gains
Management attributed the Q3 gains to improved channel throughput during the festive period, strong sales in Electrical Consumer Durables, and stable performance in Lighting & Switchgear. Segment revenue for Electrical Consumer Durables rose to ₹646.72 crore, up from ₹440.91 crore in Q2. The Board declared an interim dividend of ₹0.75 per share for FY26.
Nine-month performance sees steady growth
For the nine months ended December 2025, Orient Electric posted ₹2,378.14 crore in operational revenue and ₹55.56 crore in net profit, compared to ₹2,231.83 crore and ₹51.95 crore in the corresponding period last year. The company has received favorable GST rulings in two states and a rectification order reducing a prior ₹51.6 crore demand to nearly nil, reflecting positive regulatory developments.
Disclaimer: This article is based on the company’s regulatory filing for Q3 FY26. It is for informational purposes only and does not constitute investment advice or a recommendation.
