Board approves Q2 and H1 FY27 un-audited standalone results; limited review conclusion unmodified
Board of Orient Electric met on Oct 15, 2026 (01:00 pm to 01:55 pm) and approved the un-audited standalone financial results for Q2 and H1 FY27, reviewed by statutory auditors Price Waterhouse.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 879.34 | 702.61 | +25.2% | 949.76 | −7.4% |
| Total income | 883.26 | 705.11 | +25.3% | 954.12 | −7.4% |
| Profit before tax | 36.47 | 16.30 | +124% | 42.46 | −14.1% |
| Profit after tax | 27.06 | 12.06 | +124% | 31.49 | −14.1% |
| Total comprehensive income | 27.12 | 12.17 | +123% | 31.55 | −14% |
| Basic EPS | 1.27 | 0.57 | +123% | 1.48 | −14.2% |
- Profit After Tax YoY Change
- +124%
- Period
- 30-Sep-26
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item: loss of Rs 3.96 crores in quarter ended June 30, 2026 (Rs 1.51 crores in FY26) from write-down of capital assets on consolidation of Noida manufacturing facilities.
- Exceptional item in FY ended March 31, 2026: incremental employee benefit liability of Rs 8.65 crores on notification of the New Labour Codes.
- Dwelling unit at New Delhi with net book value of Rs 1.42 crores classified as 'Asset held for sale'; sale deed execution and registration pending.
Quarter and half year results, standalone
The board, at its meeting held on October 15, 2026, approved the un-audited standalone financial results of Orient Electric for the quarter and half year ended September 30, 2026. The results were subjected to a limited review by the statutory auditors, Price Waterhouse Chartered Accountants LLP, and were earlier reviewed by the Audit Committee and taken on record by the Board.
Key figures
- Revenue from operations: Rs. 879.34 crore for the quarter and Rs. 1,829.10 crore for the half year.
- Total income: Rs. 883.26 crore for the quarter.
- Profit for the period: Rs. 27.06 crore for the quarter and Rs. 58.55 crore for the half year.
- Earnings per share (face value Re. 1/- each, not annualised for quarters): Rs. 2.74 basic and diluted for the half year.
Auditor's conclusion
The auditors state that nothing has come to their attention that causes them to believe the statement has not been prepared in all material respects in accordance with the applicable accounting standards and the disclosure requirements, or that it contains any material misstatement. This is an unmodified limited review conclusion. A review is limited mainly to inquiries and analytical procedures and gives less assurance than an audit; an audit opinion is not expressed.
Exceptional item
The notes record a loss of Rs. 3.96 crores in the quarter ended June 30, 2026, arising from write-down of capital assets to their net realisable value. This follows board approval relating to consolidation of manufacturing facilities at Noida (U.P.), and the amount is disclosed as an "Exceptional Item" in the results.
Cash flow
For the half year ended September 30, 2026, net cash generated from operating activities was Rs. 7.78 crore.
Other points from the notes
- The board approved an agreement to sell a dwelling unit at New Delhi; it continues to be classified as "Asset held for sale", with execution and registration of the sale deed pending.
- The company reports two segments, Electrical Consumer Durables and Lighting & Switchgear, under IND AS 108 - Operating Segments.
What the document is
This is a board meeting outcome update carrying the standalone results for the quarter and half year ended September 30, 2026, along with the limited review report, the segment results, the statement of assets and liabilities, the cash flow statement and the accompanying notes.
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Orient Electric Q2 FY27 revenue up 25.2% to Rs 879 crore, PAT up 124.4% to Rs 27 crore
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More numbers
- Revenue from operations, half year ended Sep 30, 20261,829.10 crore
- Profit for the period, half year ended Sep 30, 202658.55 crore
- Basic EPS, half year ended Sep 30, 20262.74
- Exceptional item, write-down of capital assets, quarter ended Jun 30, 2026Rs 3.96 crores
- Net cash generated from operating activities, half year ended Sep 30, 20267.78 crore
- Total income, latest quarter883.26 (Rupees Crores)
- Total income, year-ago quarter705.11 (Rupees Crores)
- Total income, previous quarter954.12 (Rupees Crores)
- Total comprehensive income, latest quarter27.12 (Rupees Crores)
- Total comprehensive income, year-ago quarter12.17 (Rupees Crores)
- Total comprehensive income, previous quarter31.55 (Rupees Crores)
- Profit after tax, latest quarter27.06 (Rupees Crores)
- Profit after tax, year-ago quarter12.06 (Rupees Crores)
- Profit after tax, previous quarter31.49 (Rupees Crores)
- Revenue from operations, latest quarter879.34 (Rupees Crores)
- Revenue from operations, year-ago quarter702.61 (Rupees Crores)
- Revenue from operations, previous quarter949.76 (Rupees Crores)
- Profit before tax, latest quarter36.47 (Rupees Crores)
- Profit before tax, year-ago quarter16.30 (Rupees Crores)
- Profit before tax, previous quarter42.46 (Rupees Crores)
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