Orient Electric (NSE:ORIENTELEC) Second Quarter 2023 Results
Key Financial Results
- Revenue: ₹5.11b (down 14% from 2Q 2022).
- Net loss: ₹2.80m (down by 101% from ₹347.7m profit in 2Q 2022).
- ₹0.013 loss per share (down from ₹1.64 profit in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orient Electric Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India.
Performance of the Indian Consumer Durables industry.
The company’s shares are down 2.2% from a week ago.
Be aware that Orient Electric is showing 3 warning signs in our investment analysis that you should know about…
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