News

Add Orient Electric Ltd For Target Rs.245 - ICICI Securities Strong growth across segments with recovery in margins Orient faced multiple extraordinary events such as regulatory changes in fans, steep inflation and distribution restructuring in FY23. It led to 340bps EBITDA margin contraction and 40% PAT decline in FY23 YoY. We believe most of these issues are behind now and the company is likely to report strong performance across segments in FY24-25. We remain enthused by its Q1FY24 performance with strong revenue growth across segments (Fans: 16%...
Add Orient Electric Ltd For Target Rs.245 - ICICI Securities
Add Orient Electric Ltd For Target Rs.245 - ICICI Securities
Source: ICICI Securities
28/08/2023 11:58:23 AM
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd Modest performance despite headwinds   * OEL’s revenue at Rs7.1bn (up 13.5% YoY), came 7.0% above cons. est. of Rs6.6bn. The revenue growth was majorly from ECD segment (up 15.6% YoY). * Gross margin expanded by 280bps YoY to 30.7%, improvement aided by product mix changes with focus on Hero products, Project Sanchay and lower commodity prices. * EBITDA came in at Rs440mn (up 15.3% YoY), ~9.3% below cons. est. of Rs485mn. * EBITDA margin expanded by 10bps YoY to 6.2%...
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd
Source: Prabhudas Lilladher Pvt Ltd
2/08/2023 5:45:31 PM
Orient Electric rises on completing sale of land parcels in Telangana Orient Electric is currently trading at Rs. 231.25, up by 0.75 points or 0.33% from its previous closing of Rs. 230.50 on the BSE. The scrip opened at Rs. 230.60 and has touched a high and low of Rs. 235.05 and Rs. 230.60 respectively. So far 277 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 290.60 on 28-Nov-2022 and a 52 week low of Rs. 215.80 on 15-May-2023. Last one week high and low of the scrip stood at R...
Orient Electric rises on completing sale of land parcels in Telangana
Orient Electric rises on completing sale of land parcels in Telangana
Source: Accord Fintech
26/07/2023 10:47:37 AM
Buy Orient Electric Ltd For Target Rs.271 - Religare Broking Ltd Weak Performance owing to BEE norm: Orient Electric reported its Q4FY23 revenue at Rs 658 Cr with a decline of 12.7% over last year and 11% sequentially. Amongst segments, its ECD segment revenue came in at Rs 458 Cr down by 20.3% YoY due to low demand in its core ECD segment especially for fans category due high channel inventory owing to switch towards new energy efficiency norms. Its Lighting & Switchgear segment reported strong revenue growth which came in at Rs 200 Cr up by 11.8% YoY...
Buy Orient Electric Ltd For Target Rs.271 - Religare Broking Ltd
Buy Orient Electric Ltd For Target Rs.271 - Religare Broking Ltd
Source: Religare Broking Ltd
18/05/2023 11:16:23 AM
Orient Electric trades higher on eyeing good growth in revenue in FY24 from fans, cooler business Orient Electric is currently trading at Rs. 274.80, up by 1.10 points or 0.40% from its previous closing of Rs. 273.70 on the BSE. The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 275.30 and Rs. 271.60 respectively. So far 5026 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 356.95 on 11-Apr-2022 and a 52 week low of Rs. 245.00 on 26-Dec-2022. Last one week high and low of the scrip stood at ...
Orient Electric trades higher on eyeing good growth in revenue in FY24 from fans, cooler business
Orient Electric trades higher on eyeing good growth in revenue in FY24 from fans, cooler business
Source: Accord Fintech
1/03/2023 2:41:29 PM
Buy Orient Electric Ltd For Target Rs.322 - Centrum Broking Offbeat quarter amid Fans transition and GTM rollout ORIENTEL’s Q2FY23 was a one-off suppressed quarter with revenue decline, low operating margins and a net loss. Sales fell 14% YoY to Rs5.1bn, 12%/13% below our /consensus estimates. Fans sales were impacted due to (1) aggressive de-stocking by trade amid BEE transition, (2) one-time restructuring of distribution network in 4 states leading to loss of primary sales and (3) geopolitical disturbances in key export markets. Gross margi...
Buy Orient Electric Ltd For Target Rs.322 - Centrum Broking
Buy Orient Electric Ltd For Target Rs.322 - Centrum Broking
Source: Centrum Broking
8/12/2022 11:39:35 AM
Add Orient Electric Ltd For Target Rs.298- Yes Securities High competition and near term challenges to keep margins under check; downgrade to ADD Result Synopsis Orient Electric (ORIENTEL) performance was below estimates with revenue declining 14%, with ECD declining 26%; while operating margins seeing decline of 814bps and 386bps on yoy and sequential basis; while other peers have reported better operating margins. Lower operating margin has been attributed to Investment in advertising and brand building  ?  High cost of consultancy...
Add Orient Electric Ltd For Target Rs.298- Yes Securities
Add Orient Electric Ltd For Target Rs.298- Yes Securities
Source: Yes Securities Ltd
8/11/2022 12:56:48 PM
Buy Orient Electric Ltd For Target Rs.341- Yes Securities Long term potential intact with near term uncertainty; maintain BUY Orient Electric (ORIENTEL) delivered mix bag performance with revenue growing 3% above estimates while operating margins seeing sequential decline of 456bps; while other peers have reported strong growth with higher operating margins. Company has been able to protect its gross margins as it has taken lead in passing on increased commodity prices to the customers. Also, there has been inventory de?stocking in channel on ant...
Buy Orient Electric Ltd For Target Rs.341- Yes Securities
Buy Orient Electric Ltd For Target Rs.341- Yes Securities
Source: Yes Securities Ltd
30/08/2022 3:16:40 PM
Buy Orient Electric Ltd For Target Rs.355- Centrum Broking Demand moderation impacts profitability   ORIENTEL  posted  topline  of  Rs6.2bn  (Q1FY20?23  CAGR  at  3%),  4%/10%  below  our/consensus  estimate as inflation and  early  rains impacted  consumer  demand  of summer products. Gross margin was sustained at 27.8% QoQ as ORIENTEL aggressively  protected&...
Buy Orient Electric Ltd For Target Rs.355- Centrum Broking
Buy Orient Electric Ltd For Target Rs.355- Centrum Broking
Source: Centrum Broking Ltd
26/08/2022 11:15:01 AM
Orient Electric Q1 net profit zooms 278.24% at Rs 18.95 cr The company reported standalone net profit of Rs 18.95 crore for the quarter ended June 30, 2022 as compared to Rs 5.01 crore in the same period last year, registering a year-on-year growth of 278.24 per cent. Net revenue of the company rose substantially by 47.19 per cent at Rs 621.63 crore in April-June quarter of this fiscal as against Rs 422.32 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 45.87 per cent to Rs 583.48 crore from ...
Orient Electric Q1 net profit zooms 278.24% at Rs 18.95 cr
Orient Electric Q1 net profit zooms 278.24% at Rs 18.95 cr
Source: Dion Global Solutions Ltd
25/07/2022 5:20:14 PM
Add Orient Electric Ltd For Target Rs.285 - ICICI Securities Gaining market share via innovation: initiate with ADD Orient Electric’s aggressive investments in R&D and ad-spend have helped it build competitive advantages in consumer electricals. With distribution expansion, it has gained market share across segments (fans, consumer durables) over the past decade. We believe the company has the potential to grow higher than the industry growth of ~15% due to (1) differentiated launches, (2) distribution expansion and (3) steady expansion of...
Add Orient Electric Ltd For Target Rs.285 - ICICI Securities
Add Orient Electric Ltd For Target Rs.285 - ICICI Securities
Source: ICICI Securities Ltd
5/07/2022 2:21:29 PM
Buy Orient Electric Ltd For Target Rs.375 - Centrum Broking Price hikes and cost control measures safeguards margin ORIENTEL’s revenue fell 6% YoY to Rs7.5bn, 14% below our estimate, as ECD segment sales declined 11% YoY (to Rs5.7bn) amid challenging macro and a larger price hike than peers. Gross margin was sustained at 27.8% (down only 20bps YoY) with regular price hikes and systematic cost reductions. Consequently, EBITDA margin was healthy at 10.7%, albeit, down 140bps YoY on a high base. Lower topline led to 22% YoY fall in PAT to Rs488m...
Buy Orient Electric Ltd For Target Rs.375 - Centrum Broking
Buy Orient Electric Ltd For Target Rs.375 - Centrum Broking
Source: Centrum Broking Ltd
20/05/2022 11:16:58 AM
Buy Orient Electric Ltd For Target Rs.389 - Yes Securities Growth momentum set to return from Q1 after recent weakness; maintain BUY Result Synopsis Orient Electric (ORIENTEL) delivered a disappointing performance with revenue declining 6% yoy led by decline in ECD segment; while other peers have reported strong growth in ECD. Company has decided to prioritize margin protection viz‐a‐viz the revenue growth strategy adopted by other peers. Company has been able to protect its gross margins as it has taken lead in passing on increased commodity p...
Buy Orient Electric Ltd For Target Rs.389 - Yes Securities
Buy Orient Electric Ltd For Target Rs.389 - Yes Securities
Source: Yes Securities Ltd
12/05/2022 11:55:27 AM
Orient Electric trades higher on launching Finstar range of portable fans Orient Electric is currently trading at Rs. 349.45, up by 5.75 points or 1.67% from its previous closing of Rs. 343.70 on the BSE. The scrip opened at Rs. 347.40 and has touched a high and low of Rs. 350.00 and Rs. 345.80 respectively. So far 3329 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.20 on 30-Nov-2021 and a 52 week low of Rs. 263.35 on 03-May-2021. Last one week high and low of the scrip stood at ...
Orient Electric trades higher on launching Finstar range of portable fans
Orient Electric trades higher on launching Finstar range of portable fans
Source: Accord Fintech
8/04/2022 12:25:18 PM
Buy Orient Electric Ltd For Target Rs.423 - Yes Securities Resilient growth on high base, remain optimistic despite commodity headwinds; maintain BUY Result Synopsis 3Q saw better than expected revenue growth on back of 15‐17% cumulative price increase in past 9 months, while volumes registered decline given a high base and slackness in demand post festive season. Relentless increase in commodity prices continues to impact gross margins. Company is confident of demand recovery and is expected to grow faster than the industry. Considering strong...
Buy Orient Electric Ltd For Target Rs.423 - Yes Securities
Buy Orient Electric Ltd For Target Rs.423 - Yes Securities
Source: Yes Securities Ltd
25/01/2022 10:25:20 AM
Buy Orient Electric Ltd For Target Rs.500 - Motilal Oswal Gross margin pressure offset by operating leverage Gross margin pressure offset by operating leverage * Revenue grew 37% YoY and came in 19% above our estimate. While the surge in commodity prices led to a 480bp YoY deterioration in gross margin, strong volume growth, led by operating leverage, cushioned the impact at the EBITDA margin level v/s our expectation. EBITDA grew 7% YoY and was 31% ahead of our expectation. Adjusted PAT grew by 7% and came in 46% ahead of our expectation...
Buy Orient Electric Ltd For Target Rs.500 - Motilal Oswal
Buy Orient Electric Ltd For Target Rs.500 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/11/2021 9:58:40 AM
MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities Symmetrical Triangle Breakout is seen on the daily chart Price breakout is accompanied with jump in volumes Primary trend of the stock has been bullish with higher tops and higher bottoms Daily RSI has registered trend breakout on the daily chart Daily MACD is sustaining above equilibrium and signal line. MACD trend breakout is also seen on the daily chart Stock has been holding leve...
MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities
MTF Positional Pick - Buy Orient Electric Ltd For Target Rs. 440 - HDFC Securities
Source: HDFC Securities Ltd
2/11/2021 12:39:25 PM
Buy Orient Electric Ltd For Target Rs.422 - Centrum Broking Earnings beat led by robust growth, healthy margins Orient Electric (ORIENTEL) posted robust revenue growth of 37% YoY to Rs5.9bn, led equally by volume and value growth. Revenue was 13%/16% above our/consensus estimates. The growth was broad-based across fans, water heaters, appliances, and B2C lighting, leading to healthy rise in both ECD/lighting sales by 38%/35% YoY. On a high base, gross margin fell 480bps YoY to Rs28.5% due to commodity cost pressures. On a QoQ basis, gross margin wa...
Buy Orient Electric Ltd For Target Rs.422 - Centrum Broking
Buy Orient Electric Ltd For Target Rs.422 - Centrum Broking
Source: Centrum Broking Ltd
26/10/2021 3:34:12 PM
Buy Orient Electric Ltd For Target Rs.393 - Yes Securities Better performance than peers with strong growth and limited margin impact; upgrade to BUY Our view 2Q saw a strong bounce back with B2C business delivering excellent growth albeit on a low base. ECD saw strong growth of 38% led by led by premium and economy fans followed by small appliances. B2B business has seen increased traction; while tender business continues to languish. Gross margins were impacted by rising commodity prices; which is being managed by cost reduction initiatives a...
Buy Orient Electric Ltd For Target Rs.393 - Yes Securities
Buy Orient Electric Ltd For Target Rs.393 - Yes Securities
Source: Yes Securities Ltd
26/10/2021 9:21:56 AM
Buy Orient Electric Ltd Target Rs. 439 - Religare Broking Investment Pick - Orient Electric Ltd. Orient Electric Ltd. (OEL) is part of the diversified USD 2.4 billion Indian conglomerates CK Birla group. OEL is a 60-year-old brand in fans and has established itself as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switch gears. Orient Electric has manufacturing facilities in Kolkata, Faridabad and Noida. The company enjoys a marketing presence across 35 countries. In the domestic market, i...
Buy Orient Electric Ltd Target Rs. 439 - Religare Broking
Buy Orient Electric Ltd Target Rs. 439 - Religare Broking
Source: Religare Broking Ltd
23/09/2021 11:49:07 AM
High Conviction Idea - Buy Orient Electric Ltd For Target Rs.439 - Religare Broking Rising high on innovation Orient Electric Ltd. (OEL) is part of the diversified USD 2.4 billion Indian conglomerates CK Birla group. OEL is a 60-year-old brand in fans and has established itself as a one-stop brand for lifestyle electrical solutions which include fans, lighting, home appliances and switch gears. Orient Electric has manufacturing facilities in Kolkata, Faridabad and Noida. The company enjoys a marketing presence across 35 countries. In the domestic market, it has a robust s...
High Conviction Idea - Buy Orient Electric Ltd For Target Rs.439 - Religare Broking
High Conviction Idea - Buy Orient Electric Ltd For Target Rs.439 - Religare Broking
Source: Religare Broking Ltd
22/09/2021 10:06:15 AM
Orient Electric gains on launching new modular switch range ‘Stella’ Orient Electric is currently trading at Rs. 355.80, up by 2.65 points or 0.75% from its previous closing of Rs. 353.15 on the BSE. The scrip opened at Rs. 356.40 and has touched a high and low of Rs. 357.65 and Rs. 352.35 respectively. So far 5056 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 368.00 on 28-Jul-2021 and a 52 week low of Rs. 174.00 on 01-Oct-2020. Last one week high and low of the scrip stood at ...
Orient Electric gains on launching new modular switch range ‘Stella’
Orient Electric gains on launching new modular switch range ‘Stella’
Source: Accord Fintech
16/09/2021 10:47:46 AM
Buy Orient Electric Ltd For Target Rs. 395 - Motilal Oswal Increases focus on new launches and channel expansion OEL’s FY21 Annual Report focuses on the strategy it adopted during the pandemicaffected fiscal. Improving product reach of existing categories, increasing adoption of digitization, and focus on cost saving programs were among the key focus areas in FY21. Here are the key highlights:   Cost savings program gathers pace: The cost saving initiative – ‘Sanchay’ – has been repositioned into an ent...
Buy Orient Electric Ltd For Target Rs. 395 - Motilal Oswal
Buy Orient Electric Ltd For Target Rs. 395 - Motilal Oswal
Source: Motilal Oswal Financial Services
9/08/2021 9:10:19 AM
Buy Orient Electric Ltd For Target Rs. 405 - ARETE Securities OEL recorded revenue growth of 136% YoY to INR 4223mn, albeit on a lower base, with revenue from ECD division rising 213% to INR 3241mn and that of Lighting division rising 31% to INR 982mn. The summer season got impacted significantly due to 2nd COVID wave led lockdowns which in turn impacted revenues of companies engaged in summer products industries. For ECD division of Orient Electric, the business volumes remained below the pre-Covid levels, though it grew against last year's eroded ...
Buy Orient Electric Ltd For Target Rs. 405 - ARETE Securities
Buy Orient Electric Ltd For Target Rs. 405 - ARETE Securities
Source: ARETE Securities
3/08/2021 2:26:18 PM
Orient Electric Ltd : B2C business continues strong growth momentum with market share gains; maintain ADD - Yes Securities Add Orient Electric Ltd For Target Rs. 374 B2C business continues strong growth momentum with market share gains; maintain ADD   Our view​​​​​​​ 1Q saw a strong bounce back with B2C business delivering excellent growth albeit on a low base. ECD saw strong growth of 213% led by sales to its master distributors ahead of the summer season, significant increase in e‐commerce sales and rise in exports. B2B business continued to face headwinds. Gross margins were impacted by risi...
Orient Electric Ltd : B2C business continues strong growth momentum with market share gains; maintain ADD - Yes Securities
Orient Electric Ltd : B2C business continues strong growth momentum with market share gains; maintain ADD - Yes Securities
Source: Yes Securities
2/08/2021 11:11:22 AM
Weekly Tech Picks - Prestige Estates Projects Ltd, Bata India Ltd, Orient Electric Ltd, Lupin Ltd - Axis Securities Prestige Estates Projects Limited * On the weekly chart, the stock has witnessed “Consolidation Range” (320-260) breakout around 320 levels which signals resumption of the uptrend * Huge volumes on the breakout , signals increased participation near breakout zone * The stock is strong uptrend as it is Prestige Estates Projects Limited Weekly Tech Picks 16 July, 2021 continue to form a series of higher Tops and higher Bottom formation across all the time frames * T...
Weekly Tech Picks - Prestige Estates Projects Ltd, Bata India Ltd, Orient Electric Ltd, Lupin Ltd - Axis Securities
Weekly Tech Picks - Prestige Estates Projects Ltd, Bata India Ltd, Orient Electric Ltd, Lupin Ltd - Axis Securities
Source: Axis Securities Ltd
18/07/2021 12:09:42 PM
MTF Stock Pick Buy Orient Electric Ltd For Target Rs. 375 - HDFC Securities MTF Stock Pick Buy Orient Electric Ltd For Target Rs. 375 - HDFC Securities  TECHNICAL OBSERVATIONS * Orient Electric is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several months. * After consolidating in a range between the 304-322 levels for the last few sessions, the stock has broken out of this range on Friday on the back of above average volumes. This augurs well for the uptrend to continue. * Tec...
MTF Stock Pick Buy Orient Electric Ltd For Target Rs. 375 - HDFC Securities
MTF Stock Pick Buy Orient Electric Ltd For Target Rs. 375 - HDFC Securities
Source: HDFC Securities Ltd
16/07/2021 1:09:05 PM
Buy Orient Electric Ltd For Target Rs.365 - Motilal Oswal All-round performance; balance sheet turns net cash Cost rationalization offsets gross margin pressure * Orient Electric (OEL)’s 4QFY21 revenue was up 42%, in line with our estimate, with the two-year CAGR at 12%. Despite pressure on gross margins, a strong focus on cost led to EBITDA margin expansion of 50bps YoY to 12.1%. * In FY21, strong pent-up demand post the first lockdown led to flat revenue on a YoY basis. Lower employee cost (-10% YoY) and other expenses (-23% YoY) a...
Buy Orient Electric Ltd For Target Rs.365 - Motilal Oswal
Buy Orient Electric Ltd For Target Rs.365 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
8/06/2021 10:40:59 AM
Add Orient Electric Ltd For Target Rs. 319 - Yes Securities Improving growth momentum and cost efficiencies; upgrade to ADD Result Highlights * Quarter summary – Orient Electric delivered better than expected revenue growth of 42% yoy. ECD and Lighting and switchgears have registered growth of 42% and 44% respectively. Increased commodity prices led to 257bps contraction in gross margin while EBITDA growth stood at 48.5% yoy on cost control initiatives.   * Growth across segments – ECD and Lighting & switchgears ...
Add Orient Electric Ltd For Target Rs. 319 - Yes Securities
Add Orient Electric Ltd For Target Rs. 319 - Yes Securities
Source: Yes Securities Ltd
14/05/2021 12:01:08 PM
Orient Electric - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking 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 high...
Orient Electric - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
Orient Electric - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
Source: Angel Broking Ltd
13/05/2021 1:59:45 PM
Orient Electric Q4 net profit jumps 75.15% at Rs 62.67 cr The company reported standalone net profit of Rs 62.67 crore for the quarter ended March 31, 2021 as compared to Rs 35.78 crore in the same period last year, registering a year-on-year growth of 75.15 per cent. Net revenue of the company rose substantially by 42.36 per cent at Rs 801.71 crore in January-March quarter of this fiscal as against Rs 563.14 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 41.56 per cent to Rs 704.90 cror...
Orient Electric Q4 net profit jumps 75.15% at Rs 62.67 cr
Orient Electric Q4 net profit jumps 75.15% at Rs 62.67 cr
Source: Dion Global Solutions Ltd
13/05/2021 12:11:21 PM
Buy Orient Electric Ltd For Target Rs.350 - Motilal Oswal Reinventing through innovation * Orient Electric (OEL), since its demerger from Orient Paper & Industries in FY17, is fast emerging as a serious competitor in the Electrical Consumer Durables (ECD) space. It is the third largest player in the Fans segment and has been in operation for over 60 years. Recently, it diversified into related product categories like Lighting, Switchgears, Air Coolers, Water Heaters, etc. OEL’s 13.5% revenue CAGR over FY18-20 has outpaced Havells India...
Buy Orient Electric Ltd For Target Rs.350 - Motilal Oswal
Buy Orient Electric Ltd For Target Rs.350 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/03/2021 9:24:44 AM
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities OEL recorded a revenue of INR 6183mn for the quarter compared to INR 4957mn a year ago with revenue from ECD division rising 42% to INR 4605mn whereas that of Lighting division dropping 8% to INR 3044mn. Tailwinds due to heightened consumer demand for all types of home appliances in the wake of increased home bound working, together with a strong support of pent-up demand and festival season, led to encouraging growth in offtakes. Gross margins as % to revenue dropped by 320 bps YoY to 31% pr...
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities
Source: SPA Securities Ltd
6/02/2021 10:46:31 AM
Orient Electric 3QFY21 Result Update By Amarjeet Maurya, Angel Broking 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 cont...
Orient Electric 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
Orient Electric 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
Source: Angel Broking Ltd
30/01/2021 9:33:36 AM