Interim report
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Orient Electric Limited - a CKA Birla Group Company CIN No.: L31100OR2016PLC025892 240, Okhla Industrial Estate, Phase III, New Delhi 110020, India Tel: +91 011-41325060 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com Ref: OEL/BSE-NSE/2026-27/54 October 15, 2026 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block Bandra Kurla Complex Bandra (E), Mumbai 400051 Symbol: ORIENTELEC BSE Limited Phiroze Jeejeebhoy Towers Fort, Dalal Street Mumbai – 400001 Scrip Code: 541301 Dear Sir/ Madam, Sub.: Outcome of the Board Meeting held on Thursday, October 15, 2026. Ref: Regulation 33 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). This is to inform you that the Board of Directors of the Company at their meeting held today, i.e., October 15, 2026, inter-alia, considered and a pproved t he Un -audited Financial Results of the Company for the quarter and half year ended September 30, 2026. These Financial Results were subjected to Limited Review by the Statutory Auditors of the Company. Pursuant to applicable provisions of SEBI Listing Regulations, please find enclosed the Un-audited Financial Results along with Limited Review Report of M/s. Price Waterhouse Chartered Accountants LLP, (Firm Registration Number is 012754N/N500016), Statutory Auditors of the Company. The meeting of Board of Directors commenced at 01:00 p.m. and concluded at 01:55 p.m. The above details will also be available on the website of the Company at https://orientelectric.com/pages/notice-stock-exchange-disclosures . We request you to take the aforesaid information on your records. Thanking you, For Orient Electric Limited Diksha Singh Company Secretary Encl.: as above CKA Birla Group I a ori~nt electric
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Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors Orient Electric Limited Unit VIII, Plot 7, Bhoinagar, Bhubaneswar- 751012 (Odisha) 1. We have reviewed the unaudited financial results of Orient Electric Limited (the "Company") for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, and the notes that include the Statement of Assets and Liabilities as on that date and the Statement of Cash Flows for the half-year ended on that date which are included in the accompanying 'Statement of Financial Results for the Quarter and Half-year ended September 30, 2026' (the "Statement") . The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company's Management and has been approved by the Board of Directors . Our responsibility is to issue a report on the Statement based on our review . 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 , "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. 3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations , 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. (a) The financial results of the Company for the quarters ended June 30, 2026 and September 30, 2025 and the year to date results for the period April 1, 2025 to September 30, 2025 were reviewed by anoth,:r firm of chartered accountants who issued their unmodified conclusion, vide their reports dated July 22, 2026 and October 17, 2025, respectively . (b) The financial statements of the Company for the year ended March 31, 2026 were audited by another firm of chartered accountants, who issued an unmodified opinion vide their report dated May 8, 2026. Our conclusion is not modified in respect of these matters . For Price Waterhouse Chartered Accountants LLP Firm Registration Nut.er: 012754N/N500016 ~Ja-lr> -· r!. Anurag Khandelwal Partner Membership Number : 078571 UDIN: 26078571FENAKH4304 Place: New Delhi Date: October 15, 2026 Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910 Registered office and Head office: 11-A. Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN MC-5001) with effect from July 25, 2014 . Post its convers ion to Price Waterhouse Chartered Accountants LLP, its !CAI registration number is 012754N/NS00016 (!CAI registration number before conversion was 012754N)
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SI. No. 1 2 3 4 5 6 7 8 9 10 11 12 ORIENT ELECTRIC LIMITED (Regd . Office: Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 (Odisha)] Tel:(0674)2396930, E-mail :investor@orientelectric .com CIN: L311 00OR2016PLC025892 CKA Birla Group Statement of Financial Results for the Quarter and Half-year ended September 30, 2026 orient W!VU[j<., (All amounts in Rupees Crores, unless otherwise stated) Quarter ended Half-year ended Year ended Particulars 30-Sep-26 30-June-26 30-Sep-25 30-Sep-26 30-Sep-25 31-March-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income (a) Revenue from operations 879.34 949.76 702.61 1,829.10 1,471.69 3,326.39 (b) Other income 3.92 4.36 2.50 8.28 4.98 10.01 Total income (a+b) 883.26 954.12 705.11 1,837.38 1,476.67 3,336.40 Expenses (a) Cost of raw materials and components 262.97 297.13 166.12 560.10 379.42 851 .73 consumed (b) Purchase of traded goods 353.65 444.66 338.01 798.31 643.34 1,417.68 (c) Changes in inventories of finished goods, 7.51 (75.14) (23.05) (67.63) (23.17) 20.83 work-in-progress and traded goods (d) Employee benefits expense 83.38 84.48 75.76 167.86 152.04 307.95 (e) Finance costs 4.98 5.74 5.03 10.72 10.48 22.56 (f) Depreciation and amortisation expense 19.26 18.80 19.10 38.06 38.55 77.06 (g) Other expenses 115.04 132.03 107.84 247.07 236.05 499.14 Total expenses 846.79 907.70 688.81 1,754.49 1,436.71 3,196.95 Profit before exceptional item and tax for the period/year(1 -2) 36.47 46.42 16.30 82.89 39.96 139.45 Exceptional item (Refer note 4) . 3.96 . 3.96 . 10.16 Profit before tax for the period/year (3-4) 36.47 42.46 16.30 78.93 39.96 129.29 Income tax expenses a) Current tax 9.52 12.67 5.02 22.19 12.79 42.28 b) Deferred tax (0.11) (1 .70) (0.78) (1.81) (2.41) (8.83) Total tax expenses 9.41 10.97 4.24 20.38 10.38 33.45 Profit for the period/year (5-6) 27.06 31.49 12.06 58.55 29.58 95.84 Other comprehensive income after tax Re-measurement gain/(loss) on defined 0.08 0.08 0.15 0.16 0.20 0.32 benefit plans Income tax related to the above item (0.02) (0.02) (0.04) (0.04) (0.05) (0.08) Other comprehensive income (net of tax) 0.06 0.06 0.11 0.12 0.15 0.24 Total comprehensive income for the 27.12 31.55 12.17 58.67 29.73 96.08 period/year (7+8) Paid-up equity share capital (Face value 21.34 21 .34 21.34 21.34 21.34 21.34 per share : Re.1/- each) Other Equity excluding revaluation reserve . . . . . 738.76 as per the audited balance sheet Earning per equity share of face value of Re.1/- each (Not annualized for quarters) Basic EPS (in Rs.) 1.27 1.48 0.57 2.74 1.39 4.49 Diluted EPS (in Rs.) 1.27 1.48 0.57 2.74 1.39 4.49 Page 1 of 5
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SI. No. 1 2 3 4 CKA Bir la Group {J ORIENT ELECTRIC LIMITED 1Regd. Office: Unit VIII, Plot 7, Bho inagar, Bhubaneswar- 751012 (Odis ha)) Tel:(0674)2396930, E-mail:investor@orientelectric.com CIN: L31100OR2016PLC025892 Statement of Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Half-year ended September 30, 2026 (All amounts in Rupees Crores, unless otherwise stated) Quarter ended Half-year ended Year Ended Particulars 30-Sep-26 30-June-26 30-Sep-25 30-Sep-26 30-Sep-25 31-March-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Segment revenue : a) Electrical consumer durables 550.50 668.74 440.91 1,219.24 985.91 2,293.77 b) Lighting & switchgear 328.84 281.02 261.70 609.86 485.78 1,032.62 Total 879.34 949.76 702.61 1,829.10 1,471.69 3,326.39 Less : Inter segment revenue - - - - - Net sales from operations 879.34 949.76 702.61 1,829.10 1,471.69 3,326.39 Segment results {Profit (+)/Loss(-) before interest & tax from each segment} : a) Electrical consumer durables 52.24 58.26 36.30 110.50 73.23 225.19 b) Lighting & switchgear 40.84 42.12 34.17 82.96 73.13 138.28 Total 93.08 100.38 70.47 193.46 146.36 363.47 Less: (i) Finance costs 3.56 4.40 4.15 7.96 8.31 17.75 (ii) Other un-allocable expenditure net of un-allqcable income 53.05 49.56 50.02 102.61 98.09 206.27 (iii) Exceptional item (refer note 4) - 3.96 - 3.96 - 10.16 Profit before tax 36.47 42.46 16.30 78.93 39.96 129.29 Segment assets : a) Electrical consumer durables 998.27 953.44 867.13 998.27 867.13 987.25 b) Lighting & switchgear 478.89 475.50 418.12 478.89 418.12 436.85 c) Unallocated 213.43 301.47 170.18 213.43 170.18 242.51 Total 1,690.59 1,730.41 1,455.43 1,690.59 1,455.43 1,666.61 Segment liabilities : a) Electrical consumer durables 477.41 552.64 352.74 477.41 352.74 514.74 b) Lighting & switchgear 255.59 255.32 251.43 255.59 251.43 248.55 c) Unallocated 152.98 129.88 142.32 152.98 142.32 143.22 Total 885.98 937.84 746.49 885.98 746.49 906.51 Page 2 of 5
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CKA Birla Group ORIENT ELECTRIC LIMITED (Regd . Office: Unit VIII, Plot 71 Bhoinagar, Bhubaneswar - 751012 (Odisha)j Tel: (067 4)2396930, E-mail :investor@orientelectric.com CIN: L311 00OR2016PLC025892 Statement of Assets and Liabilities as at September 30, 2026 orient etectnc (All amounts in Rupees Crores, unless otherwise stated) Particulars As at September 30, 2026 As at March 31, 2026 (Unaudited) (Audited) I) ASSETS A) NON-CURRENT ASSETS Property, plant and equipment 329.85 339.67 Capital work-in-progress 13.24 8.40 Intangible assets 5.99 8.26 Intangible assets under development 1.43 1.26 Right of use asset 62.10 58.33 Financial assets (i) Trade receivables 0.92 1.86 (ii) Other financial assets 15.52 15.22 Deferred tax asset (net) 44.70 42.93 Current tax assets (net) 1.51 5.37 Other non current assets 8.45 8.12 (A) 483.71 489.42 B) CURRENT ASSETS Inventories 517.68 425.56 Financial assets (i) Investments 35.01 60.24 (ii) Trade receivables 570.36 619.43 (iii) Cash and cash equivalents 25.06 31 .91 (iv) Other bank balances 0.81 0.80 (v) Other financial assets 8.18 8.12 Other current assets 48.36 28.33 (B) 1,205.46 1,174.39 C) Asset held for sale (Refer note 4(a) and 5) (C) 1.42 2.80 TOTAL ASSETS (A)+(B)+(C) 1,690.59 1,666.61 II) EQUITY AND LIABILITIES D)EQUITY Equity Share Capital 21 .34 21.34 Other Equity 783.27 738.76 (D) 804.61 760.10 E) LIABILITIES NON-CURRENT LIABILITIES Financial Liabilities (i) Lease liabilities 39.23 40.11 Long term provisions 46.24 39.21 Other non current liabilities 1.55 1.81 (a) 87.02 81 .13 CURRENT LIABILITIES Financial Liabilities (i) Borrowings 37.86 26.41 (ii) Lease liabilities 31 .37 26.83 (iii) Trade Payables - total outstanding dues of micro and small enterprises 97.87 111.33 - total outstanding dues of creditors other than micro and small enterprise: 484.83 489.41 (iv) Other financial liabilities 52.53 66.62 Other current liabilities 52.12 56.52 Short term provisions 41 .21 41 .69 Current tax liabilities 1.17 6.57 (b) 798.96 825.38 TOTAL LIABILITIES (E) = (a)+(b) 885.98 906.51 TOTAL EQUITY AND LIABILITIES (D)+(E) .. -- 1,690.59 1,666.61 ~ 1c.,1...,1,,1 ~ 1fLJ~ ~ Page 3 of 5 ~•._ Ch•rlerect ,t~c ~o '-p1H ""C·5oo o~ ~ ,.,., ~ \. ~ I,:,_. 0 <::> .. ~ .. ~ ~ ~ G- * .. "' ,::f> - ~".,, 0 1z1s,,.,11~<:i* ,.-.."
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(A) (B) (C) CKA Birla Group orient ~1-'nm· ORIENT ELECTRIC LIMITED (Regd. Office : Unit VIII. Plot 7, Bhoinagar, Bhubaneswar - 751012 {Odisha}l Tel: (0674)2396930 E-mail: investor@orientelectric.com CIN: L31100OR2016PLC0 25892 Statement of Cash Flows for the half-year ended September 30, 2026 (All amounts In Rupees Croros, unh:ss otherwise slated) Particulars For the half-year ended For the half-year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) OPERATING ACTIVITIES : Profit before tax 78.93 39.96 Adjustments to reconcile profit before tax to net cash flows : Depreciation and amortisation expense 38.06 38.55 Interest expense 3.42 3.28 (Profil )/Loss on sale of property, plant & equipment 3.83 (0.05) (including Capital work in progress) (net) Loss/(Gain) on termination of lease contract (net) (0.03) (0.1 7) Bad debts written off (net of reversals) 0.04 0.57 Provision for warranty claims (net) 23.63 21.25 lmpairmenl allowance for doubtful debts (2.01 ) 7.01 Provision for doubtful advances 0.44 0.14 Unspent liabilities and unclaimed balances written back (0.16) (0.85) Employee stock option expenses 1.84 0.91 Unwinding of interest on security deposits (0.01) (0.06) Interest income (1.95) (0.91) Fair value gain on investment at fair value through profit or loss (net) (3.13) (1.19) Unrealised exchange loss (net) (0.23) (0.18) Operating profit before working capital changes 142.67 108.26 Work ing capital adjustments : lncrease/(Decrease) in trade payables (17.31) (1 23.74) lncrease/(Decrease) in financial liabilities (11 .87) (1 0.87) lncrease/(Decrease) in other liabilities (4.66) (15.69) lncrease/(Decrease) in provisions (16.92) (15.69) (lncrease)/Decrease in inventories (92.1 2) (20.72) (lncrease)/Decrease in trade receivables 51.64 69.70 (lncrease)/Decrease in financial assets (0.38) (0.08) (lncrease)/Decrease in other assets (19.54 (16.09 Cash generated (used ln)/from operations 31.51 (24.92' Income tax paid (net of refund) (23.73' (16.78 Net cash flow (used in)/from operating activities 7.78 (41.701 INVESTING ACTIVITIES : Purchase of property, plant and equipment including capital (23.16) (14.56) work in progress. intangible assets and capital advance Proceeds from sale of property, plant and equipment 1.25 0.40 Purchase of bank deposits (0.081 (0.40) Purchase of mutual funds (304.99) (182.99) Proceeds from sale of mutual funds 333.35 198.26 Interest received 2.05 0.88 Net cash flows from/(used In) investing activities 8.42 1.59 FINANCING ACTIVITIES : Principal payment of lease liabilities (15.08) (12.93) Proceeds from short term borrowings (net) 11.45 37.53 Interest payment of lease liabilities (2.75) (2.17) Interest expense paid (0.67) (1.11 ) Dividends paid (16.00 (16.001 Net cash flows from/ (used in) financing activities (23.05 5.32 Net decrease In cash & cash equivalents (A+B+C) (6.85) (34.79) Cash & Cash Equivalents at the beginning of the year. 31.91 52.28 Cash & Cash Equivalents at the end of the year . 25.06 17.49 Non-cash Investing and financing activities Acquisition of right-of-use-assets 19.67 12.59 As at half-year ended As at half-year ended Cash and cash equivalents included in the Statement of September 30, 2026 September 30, 2025 Cash Flows comprise the following: (Unaudited) (Unaudited) Balance with banks: -Current accounts 25.06 17.49 25.06 17.49 Notes : The above Statemenl of Cash Flows has been prepared under the "Indirect Method" as set out in Indian Accounting Standard-7, "Stalemenl of Cash Flows". Page 4 of 5
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Notes :- ORIENT ELECTRIC LIMITED (Regd. Office: Unit VIII, Plot 7, Bhoinagar, Bhubaneswar - 751012 {Odisha)) Tel:{0674)2396930, E-mail:investor@orientelectric.com CIN: L311 00OR2016PLC025892 CKA Birla Group orient ,,_h>Clt,C 1 The above financial results of the Company were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on October 15, 2026. 2 These financial results have been prepared in accordance with Indian Accounting Standards (INDAS) as prescribed under Section 133 of Companies Act, 2013 read with Rule 3 of the Companies {Indian Accounting Standards) Rules 2015 (as amended). 3 As per IND AS 108 - Operating Segments, the Company has two reportable segments namely Electrical Consumer Durables and Lighting & Switchgear. The financial information for these segments are accompanying the financial results as per INDAS 108 - Operating Segments. 4 a) Pursuant to approval of Board of directors relating to consolidation of manufacturing facilities at Noida (U.P), the Company has recognised a loss of Rs 3.96 crores in quarter ended June 30, 2026 and Rs 1.51 crores in the previous year ended March 31, 2026 arising from write-<fown of capital assets to their Net Realisable Value (NRV) which has disclosed as an "Exceptional Item" in these financial results. b) In previous year, pursuant to the notification of the 'New Labour Codes' as issued in November 2025, the Company reassessed its employee benefit obligations in accordance with the revised definition of wages and accordingly, an incremental liability of Rs 8.65 crores had been disclosed as an "Exceptional Item" in previous year ended March 31, 2026. 5 During the previous year, pursuant to approval of the Board of Directors, Company had entered into an agreement to sell a dwelling unit at New Delhi having net book value of Rs 1.42 crores. The execution and registration of the sale deed is pending and accordingly the same had been classified as 'Asset held for sale'. Date: October 15, 2026 Place: New Delhi For and on behalf of the Board Orient Electric f-i.mited ~ .,; Managi irector & CEO (DIN: 10627944) Page 5 of 5