India's Orient Electric quarterly profit rises on demand for consumer durables

Orient Electric

22/01/2026 10:20

Jan 22 (Reuters) - Indian home appliance maker Orient Electric ONTE.NS reported a 19% rise in third-quarter profit on Thursday, led by demand for its consumer durables, sending shares up as much as 8.5%.

Profit before exceptional items and tax rose to 436 million rupees ($4.76 million) in the quarter ended December 31 from 366 million rupees a year ago.

The company booked a charge of 86.5 million rupees after India implemented new labour codes, the country's biggest overhaul of workers' laws in decades.

Revenue grew nearly 11%, driven by a 12.6% growth in its electric consumer durables (ECD) segment.

For further earnings highlights, click here.

KEY CONTEXT

The consumer durables sector was poised for a positive third quarter, driven by recovery in the lighting business, premiumisation and housing-linked demand, with improving margins, analysts had said.

Peers Havells HVEL.NS and Polycab POLC.NS also reported quarterly profit growth, supported by demand for wires and cables.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Orient Electric
ONTE.NS
26.01
12.66
0.99
10.31
41.31
Buy
15
0.62
0.94
Polycab India
POLC.NS
33.90
23.00
3.07
21.23
19.43
Buy
29
0.82
0.50
Havells India
HVEL.NS
43.21
29.06
3.48
15.12
23.12
Buy
25
0.80
0.76
Crompton Greaves Consumer Electricals
CROP.NS
23.76
15.38
1.70
11.48
20.92
Buy
32
0.63
1.29

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER TO DECEMBER STOCK PERFORMANCE

     -- All data from LSEG

($1 = 91.6113 Indian rupees)

TTEX https://tmsnrt.rs/49N9xDn

 (Reporting by Urvi Dugar and Mridula Kumar in Bengaluru, Praveen Paramasivam in Chennai; Editing by Eileen Soreng)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))