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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.
Risk Analysis
Be aware that Orient Electric is showing 3 warning signs in our investment analysis that you should know about…
Valuation is complex, but we’re helping make it simple.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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