Orient Electric 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
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Below are Views On Orient Electric 3QFY21 Result Update By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 3QFY21, Orient Electric Ltd (BSL) reported revenue of ~Rs618cr (up 25% YoY) on back of strong growth in the consumer segment. However, the lighting segment reported de-growth during the quarter. On the EBITDA front, the company has reported Rs84cr and EBITDA margin at 13.6%, which is up by 564bps yoy due to control on expenses coupled with higher scale enabled better operating leverage. On the bottom-line front, PAT grew by ~173% to Rs52cr on the back of strong operating performance. Hence, we are positive on stock.
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