Orient Electric Ltd were marginally higher during trading hours on the National Stock Exchange on Friday, a day when the benchmark Nifty 50 index was slightly lower.The company’s fourth quarter results are encouraging.
For the March quarter (Q4FY21), revenues have increased as much as 42% year-on-year (y-o-y) to ₹802 crore. A favourable base did help to an extent.
Both businesses, electrical consumer durables (ECD) and lightning & switchgear performed well, posting a revenue growth of over 40% y-o-y.The ECD business contributed about 80% of revenues and the remaining came from lightning & switchgear.