Orient Electric Q2 FY27 Earnings Call Transcript Released; Revenue Up 25.2%
Orient Electric's Q2 FY27 revenue grew 25.2% YoY to ₹879 crore. EBITDA rose 49.7% to ₹57 crore. Lighting & Switchgear revenue increased 25.7%, while ECD revenue was ₹550 crore, up 24.9%. BLDC fans grew 26%, and premium products are 40% of fan mix. The company aims for double-digit EBITDA margins.
The announcement details strong financial performance with substantial revenue and profit growth, strategic business updates, and outlook, which are material to investors.
The company reported significant year-on-year revenue and profit growth, along with positive commentary on business strategies and future outlook, despite facing input cost pressures.
Orient Electric Limited has released the transcript of its earnings call for the second quarter and half-year ended September 30, 2026. The call, held on October 15, 2026, featured management discussions on the company's performance and outlook.
During the quarter, Orient Electric reported a 25.2% year-on-year increase in revenue, reaching ₹879 crores. This growth was driven by strong performances across its business segments. The lighting and switchgear business saw revenues grow by 25.7% to ₹329 crores, with consumer lighting showing double-digit growth and high-value looms comprising 66% of the mix. The wires segment more than doubled year-on-year, and switchgear and switches achieved high-double-digit growth. The electrical consumer durables business reported ₹550 crores in revenue, a 24.9% year-on-year increase. Fans experienced high-double-digit growth, outperforming the industry, with BLDC fans growing approximately 26% and contributing about 40% to the fan mix. Appliances also grew in double digits, led by water heaters and garment care.
Despite persistent commodity inflation, particularly in copper and aluminum, the company's EBITDA grew by 49.7% year-on-year to ₹57 crores, with EBITDA margins expanding by 106 basis points to 6.5%. For the half-year (H1), revenue grew by 24.3% to ₹1,829 crores, and EBITDA increased by 46.9% year-on-year. Cost optimization programs like Project Sanchay generated savings of approximately ₹13 crores in the quarter and ₹23 crores for H1. Profit After Tax (PAT) more than doubled to ₹27 crores for the quarter and stood at ₹59 crores for H1.
Management discussed strategies including premiumization, innovation, and expanding distribution, particularly the Direct-to-Market (DTM) model. They noted that while price increases have been implemented (3-6% in Q2, and another 3% in October), they have not fully offset input cost pressures. The company aims for a double-digit EBITDA margin in the long term. The BLDC fan segment is a key focus, with Orient Electric aiming to increase its market share in this area, which currently constitutes about 30% of their ceiling fan sales.
The transcript also covers discussions on R&D spending, the launch of new products like Nixa Shield (6kA MCB), and the company's B2B versus B2C mix. Management expressed confidence in exceeding the previously guided 15% CAGR for FY27, driven by both volume and value growth.
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