OEOrient Electric541301Quarterly results

Q2 FY27 earnings call: revenue up 25.2%, EBITDA up 49.7%, PAT more than doubles

Transcript of the Q2 FY27 earnings call is now on record.

By ScoutQuest · Fri 23 Oct 2026, 9:45 AM IST · 2 min read

Q2 Revenue

Revenue grew 25.2% year-on-year to INR879 crores

Q2 EBITDA

EBITDA rose 49.7% to INR57 crores; margin 6.5%

Q2 PAT

PAT more than doubled to INR27 crores for the quarter and INR59 crores for H1

What this update is

The company has placed on record the transcript of its Q2 FY27 earnings conference call, held on October 15, 2026, discussing the quarter and half year ended September 30, 2026. It is a record of what management told analysts, not a fresh financial disclosure.

Quarter performance

• Revenue grew 25.2% year-on-year to INR879 crores.
• Gross margin stood at 29%, which management attributed to continued input cost pressures, particularly copper and aluminium, with crude-linked movements adding further pressure.
• EBITDA grew 49.7% year-on-year to INR57 crores, with EBITDA margin expanding 106 basis points to 6.5%, helped by operating leverage and cost optimization.
• PAT more than doubled to INR27 crores.

Half year performance

• Revenue of INR1,829 crores, a growth of 24.3%.
• Gross margin of 29.4%.
• EBITDA grew 46.9% year-on-year and EBITDA margin stood at 6.7%, expanding 104 basis points.
• PAT of INR59 crores, described as close to 100% growth.

Cost and pricing actions

• Price increases of 3% to 6% were taken across various categories in Q2, and another increase of approximately 3% in October in some categories.
• Project Sanchay, the cost optimization programme, generated savings of approximately INR13 crores in the quarter and approximately INR23 crores for H1.
• Management stated that input cost inflation has not yet been fully offset.

Segment picture

• Lighting and Switchgear revenue grew 25.7% year-on-year to INR329 crores. High-value looms were 66% of the loom mix.
• Electrical consumer durables revenue stood at INR550 crores, a growth of 24.9%.
• Within fans, BLDC grew approximately 26% year-on-year; premium products were approximately 40% of the fan mix and new products contributed more than 30% of fans revenue.
• Wires more than doubled year-on-year; switchgear and switches delivered high-double-digit growth.
• Quick commerce contributed approximately 15% of digital revenue and grew by almost 100% year-on-year.

Distribution and brand

• The direct-to-market model was expanded across Madhya Pradesh, Chhattisgarh and Jharkhand, and service was taken over for the Punjab and Nagpur region.
• Brand visibility continued across airports, outdoor and digital media, and Project Samvad is being used to sharpen consumer insights and speed up resolution through AI-led capabilities.

Balance sheet and outlook

• The quarter closed with working capital of 34 days.
• Management said trending towards a double-digit EBITDA margin remains its long-term aspiration, supported by mix improvement, productivity and sustained cost optimization.
• For the festive season and second half, the stated focus is on the right product assortment and availability across channels, while maintaining a measured approach to the broader demand environment, with management expressing confidence in the outlook given brand preference, market share gains and the product portfolio.

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