Stock Report

Orient Electric Ltd Q2 FY2023-24 net profit at Rs. 18.45 crores



Posted On : 2023-11-04 12:26:35( TIMEZONE : IST )

Orient Electric Ltd Q2 FY2023-24 net profit at Rs. 18.45 crores

Orient Electric Limited has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 570.26 crores during the period ended September 30, 2023 as compared to Rs. 708.49 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 18.45 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 19.69 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.86 for the period ended September 30, 2023 as compared to Rs. 0.92 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 570.26 crs ₹708.49 crs Up Tick / Down Tick-19.51%
Net Profit ₹18.45 crs ₹19.69 crs Up Tick / Down Tick-6.30%
EPS ₹0.86 ₹0.92 Up Tick / Down Tick-6.52%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 570.26 crores during the period ended September 30, 2023 as compared to Rs.517.06 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.18.45 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-0.28 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.86 for the period ended September 30, 2023 as compared to Rs.-0.01 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 570.26 crs ₹517.06 crs Up Tick / Down Tick10.29%
Net Profit ₹18.45 crs ₹-0.28 crs Up Tick / Down Tick6,689.29%
EPS ₹0.86 ₹-0.01 Up Tick / Down Tick8,700.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1278.75 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1143.88 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.38.14 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.18.67 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.79 for the 6 Months period ended September 30, 2023 as compared to Rs.0.88 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹1278.75 crs ₹1143.88 crs Up Tick / Down Tick11.79%
Net Profit ₹38.14 crs ₹18.67 crs Up Tick / Down Tick104.28%
EPS ₹1.79 ₹0.88 Up Tick / Down Tick103.41%

Shares of Orient Electric Limited was last trading in BSE at Rs. 222.50 as compared to the previous close of Rs. 216.85. The total number of shares traded during the day was 46035 in over 2014 trades.

The stock hit an intraday high of Rs. 229.25 and intraday low of 217.00. The net turnover during the day was Rs. 10341780.00.

Source : Equity Bulls

Keywords

OrientElectric Q2FY24 H1FY24 ResultUpdate