Orient Electric - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Orient Electric - 4QFY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Orient Electric Ltd (OEL) reported revenue of ~Rs802cr (up 42% YoY) on back of strong growth in the both consumer segment (up ~42%) & lighting segment (up ~44%). On the EBITDA front, the company has reported Rs97cr and EBITDA margin at 12.1%, which is up by 85bps yoy due to control on expenses coupled with higher scale enabled better operating leverage. On the bottom-line front, PAT grew by ~75% to Rs63cr on the back of strong sales growth and operating performance. Hence, we are positive on stock.
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