Orient Electric Ltd

Financial Performance

• Q2 FY27 revenue ₹879.3 Cr, up 25.2% YoY.
• EBITDA ₹56.8 Cr; margin 6.5%.
• PAT ₹27.1 Cr; margin 3.1%.
• H1 FY27 revenue ₹1,829.1 Cr; up 24.3% YoY.
• EPS ₹1.27 for Q2 FY27.

Balance Sheet & Liquidity

• Total assets ₹1,690.6 Cr as on Sep 30, 2026.
• Total equity ₹804.6 Cr; total liabilities ₹886.0 Cr.
• Cash & bank balance ₹25.9 Cr; borrowings ₹37.9 Cr.

Operations & Market Progress

• Lighting double-digit growth; premium mix 66%.
• Wires >2x growth; Switchgear high double-digit.
• Fans double-digit growth; BLDC fans +26% YoY.
• ECOM growth in double-digits; DTM expansion in MP, Chhattisgarh, Jharkhand.
• Sanchay cost actions saved ~₹13 Cr in Q2 FY27.
• Lighting premium mix 66%; Fans premium mix ~41%.

Financial Highlights

• Revenue for Q2 FY27 ₹879.3 crore, up 25.2% YoY.
• PAT for Q2 FY27 ₹27.1 crore, up 124.4% YoY.
• EBITDA ₹56.8 crore; EBITDA margin 6.5%, up 106 bps YoY.
• Gross profit ₹255.2 crore; gross margin 29.0%, down 251 bps YoY.
• BLDC fan portfolio grew 26% year-on-year.

Strategic & Operational Developments

• Launched innovation-led BLDC Fans and Consumer Lighting products.
• Emerging Switches, Switchgear and Wires categories outperformed industry.
• One Orient strategy aims to accelerate innovation, expand reach, and sharpen execution.

ESOP grant details

• Grant of 24,333 stock options to an eligible employee under ESOP-2019.
• Options vest 40% after 1 year; remaining 60% by March 31, 2028.
• Exercise price Rs 173.86 per option.
• Each option convertible to one equity share of Re 1.

Key financials

• Q2 FY27: revenue from operations ₹879.34 cr; total income ₹883.26 cr.
• PAT ₹27.06 cr; EPS ₹1.27 for the quarter.
• Half-year ended 30-Sep-2026: revenue ₹1,829.10 cr; total income ₹1,837.38 cr.
• Half-year PAT ₹58.55 cr; PBT ₹78.93 cr; EPS ₹2.74.
• Q2 segment revenue: Electrical durables ₹550.50 cr; Lighting & switchgear ₹328.84 cr.
• Segment PBT: Electrical durables ₹52.24 cr; Lighting ₹40.84 cr; total ₹93.08 cr.
• As at 30-Sep-2026: total assets ₹1,690.59 cr; inventories ₹517.68 cr.
• Cash and cash equivalents ₹25.06 cr; equity ₹804.61 cr.

Rating Action Details

• CARE reaffirmed Orient Electric's bank facilities rating on September 25, 2026.
• Long Term/Short Term Bank Facilities rated CARE AA; Stable.
• Short Term Bank Facilities rated CARE A1+.
• Outlook: Stable for the long-term rating.

Orient Electric Limited: Closure of trading window from October 01, 2026 till the completion of 48 hours after the declaration of the Un-Audited Financial Results of the Company for the quarter and half year ending September 30, 2026.

KYC update for physical shareholders

• Intimation sent to physical-shareholders to update KYC, PAN, bank details, contact details, and nomination.
• Updates required per SEBI Master Circular 2026; electronic payments only for dividends.
• Dividend withholding if KYC not updated; RTA/KFinTech to receive documents.
• Forms ISR-1, ISR-2, SH-13 required with supporting documents or bank attestation.
• Submission modes: hard copy, electronic via holder email, or RTA web portal.
• SEBI/LODR amendments: no payable-at-par warrants/cheques for dividends.
• Intimation references SEBI Circular SEBI/HO/38/13(4)2026.

Appointment of Senior Management Personnel

• Ms. Sandhya Biswas appointed as Marketing and Customer Experience Officer and Senior Management Personnel, effective 14 September 2026.
• Profile: ~20 years in consumer durables, telecom, energy; ISB Hyderabad alumnus.
• Reason: Board approved appointment following Nomination and Remuneration Committee recommendation.

Appointment of Head - Internal Audit

• Appointed Mr. Deepankar Bhattacharjee as Head - Internal Audit, effective September 10, 2026.
• Designation includes Senior Management Personnel; appointment by board on the Nomination & Remuneration Committee's recommendation.
• Profile: CA with 15+ years in internal audit; previously Regional Head, Internal Audit & Assurance at Indus Towers.
• No relationships with other directors disclosed.