Orient Electric trails sector margin median as premium launches lift BLDC fans
Filed 15 Oct 2026, 14:07 IST · Orient Electric Ltd (ORIENTELEC)
Key takeaways
- Standalone operating margin was 6.46%, leaving Orient Electric 3.14 percentage points below the 9.6% median for seven Consumer Discretionary peers.
- Interest of Rs 4.98 cr and depreciation of Rs 19.26 cr reduced operating profit of Rs 56.79 cr to profit before tax of Rs 36.47 cr.
- Management said new premium launches drove BLDC fan growth of approximately 26% YoY.
Price around the results
Profit conversion remains limited after operating earnings
Orient Electric reported standalone revenue of Rs 879.34 cr and expenses of Rs 822.55 cr, leaving Rs 56.79 cr of operating profit and a 6.46% operating margin. Interest of Rs 4.98 cr and depreciation of Rs 19.26 cr reduced this to profit before tax of Rs 36.47 cr. Tax at 25.8% resulted in net profit of Rs 27.06 cr and EPS of Rs 1.27.
Margin trails seven reported Consumer Discretionary peers
Orient Electric's 6.46% operating margin was 3.14 percentage points below the 9.6% median among the seven sector peers that had reported the quarter. It ranked second from the bottom on this comparison. The quarter's Rs 3.92 cr of other income also contributed to reported pre-tax profit, so earnings quality should be read alongside the operating result.
Premium launches support BLDC fan growth
Management said new premium fan launches drove BLDC fan growth of approximately 26% YoY. The company also highlighted launches including NIXA Shield MCB and Isolator, HFFR wire, Enamour Classic Neo, Ecotech products and Nixa Modular Switches. These additions broaden the quarter's product activity beyond fans.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹879 cr |
| Other income | ₹4 cr |
| Expenses | ₹823 cr |
| Operating profit | ₹57 cr |
| Operating margin (%) | 6.46% |
| Interest | ₹5 cr |
| Depreciation | ₹19 cr |
| Profit before tax | ₹36 cr |
| Tax | ₹9 cr |
| Net profit | ₹27 cr |
| EPS (₹) | ₹1.27 |
Operating margin of 6.46% compares with a Consumer Discretionary sector median of 9.60% across 7 peers that have reported Q2FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
New products
- New product launches included NIXA Shield MCB and Isolator, HFFR wire, Enamour Classic Neo, Ecotech products and Nixa Modular Switches.
- New premium fan launches drove BLDC fan growth of approximately 26% year on year.
What to watch
- Whether operating margin moves above 6.46% in the next reported quarter.
- Whether profit before tax continues to remain below operating profit of Rs 56.79 cr after interest and depreciation.
- Whether BLDC fan growth remains close to the approximately 26% YoY reported by management.