Orient Electric Limited — Interim / Quarterly Report 2025

Oct 17, 2025

October 17, 2025

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National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Trading Symbol: ORIENTELEC

BSE Limited Phiroze JeeJeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 541301

Dear Sir / Madam,

Sub.: Investors’ Release

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), please find enclosed herewith the copy of Investors’ Release on the Un-Audited Financial Results of the Company for the quarter and half-year ended September 30, 2025.

Investors’ Release will also be available on the website of the Company, www.orientelectric.com.

You are requested to take the same on your record.

Yours Sincerely,

For Orient Electric Limited

DIKSHA Digitally signed by DIKSHA SINGH SINGH Date: 2025.10.17 17:58:59 +05'30'

Diksha Singh Company Secretary Encl.: as above

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

EARNINGS PRESENTATION Q2 & H1 FY26 October 17[th] , 2025

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Strategy in Action | Key Updates

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Portfolio Expansion

Lighting, Switchgear and Wires: Leading the Growth Curve

• Lighting B2C

• Growth driven by festive demand and selective price hikes

• Continued expansion of distribution footprint and premium product focus led to market share gains

• Business mix : LS&W increased to 37% vs 33%

• Lighting B2B

• Double-digit revenue growth, supported by successful execution of key projects in Street Lighting and Façade segment

• Strong pipeline with increasing project enquiries to augment future growth

• Switchgear & Wires

• High double-digit growth

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Premiumisation & Technology-Led Products

Accelerating Momentum Across Categories

• Premiumisation Momentum

• Value-added categories contributes over 65% in Consumer Lighting

• Fans premium mix improves by 500 bps YoY, driven by BLDC, IoT-and feature-rich models

• BLDC grew over 40% YoY

• Innovation and New Product Development

• NPDs contributed over 34% to fan sales, highlighting strong consumer interest and innovation-led growth

• Retail Visibility

• Visibility at 2400+ new outlets under Mission Orange, enhancing live product displays and immersive in-store experiences

• Wires revenue doubled YoY on a low base, supported by rapid acceptance among trade partners and influencers

• Leveraging fans-lighting ecosystem to cross leverage distribution

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Strategy in Action | Key Updates

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Customer Centricity and Market Reach

DTM for Fans: Strengthening Growth Engine

• DTM model continues to gain traction, Pune transitioned from MD to DTM

• ~500 new retailers added

• Despite seasonal headwinds, fans grew by low single digit

Direct Services: Elevating Experience

• Service delivery continues to improve through faster resolution and enhanced customer interactions

• Expanded footprints, with successful rollout in Madhya Pradesh and Chhattisgarh

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Youthful and Digital First

One Brand Voice: Premium and Young

• Invest in building Lighting Category: Continue podcast format with MS Dhoni and social media influencers Kusha Kapila and Madan Gowri

Contextual Presence: E-Commerce and Digital media

• E-Commerce and QCom: Significant growth in market share across categories building contextual presence

• Media Strategy: Presence on OTT, Meta and YouTube along with contextual platforms like MyGate. In show placement and sponsorship of popular OTT show-Rise and Fall

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Operational Efficiency

‘Spark Sanchay’ programme

• Comprehensive cost assessments covering contract renegotiations, IT license optimization, and overhead rationalization

• Ongoing efforts toward cost efficiency yielded ₹24 Cr in savings for H1 FY26

• “Samvad” enabling deeper connect and faster redressals

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Financial Results | Q2 FY26 Highlights

Lighting, Switchgear and Wires, leading the growth curve with resilience

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Resilient revenue growth , despite seasonal softness, led by 18.6% YoY growth in Non - ECD categories

Gross Margins stood at 31.5% , underscoring the impact of strategic investments in product mix optimization and agile channel management

EBITDA rose to ₹38 Cr , up by 6.4% YoY

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PAT rose to ₹12 Cr , marking a 15.5% YoY increase

Working Capital Cycle at 32 days

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Financial Results | Snapshot Q2 FY26

		Q2 FY26	Q2 FY26
SALES		ECD		LIGHTING & SWITCHGEAR
₹703 Cr		₹441 Cr		₹262 Cr
+6.4% YoY -8.6% QoQ		0.3% YoY -19.1% QoQ		+18.6% YoY +16.8% QoQ
GROSS PROFIT	MARGIN	EBITDA	MARGIN	PAT	MARGIN
₹222 Cr	31.5%	₹38 Cr	5.4%	₹12 Cr	1.7%
YoY +3.6% QoQ -11.6%	-85 bps -105 bps	YoY +6.4% QoQ -17.7%	+0 bps -59 bps	YoY +15.5% QoQ -31.2%	+13 bps -56 bps

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Financial Results | Snapshot H1 FY26

		H1 FY26	H1 FY26
SALES		ECD		LIGHTING & SWITCHGEAR
₹1,472 Cr		₹986 Cr		₹486 Cr
+4.0% YoY		0.2% YoY		+12.8% YoY
GROSS PROFIT	MARGIN	EBITDA	MARGIN	PAT	MARGIN
₹472 Cr	32.1%	₹84 Cr	5.7%	₹30 Cr	2.0%
YoY +1.8%	-71 bps	YoY +11.0%	+36 bps	YoY +19.4%	+26 bps

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Lighting & Switchgear

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Q2 FY26 Segment Highlights | Lighting & Switchgear

Leading the Growth Curve

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Revenue EBIT and EBIT Margin
+18.6% YoY +16.8% QoQ 13.6% 17.4% 13.1%
262
221 224
39
34
30
Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26
₹ Cr ₹ Cr
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• Lighting, Switchgear & Wires led the growth curve, with a 18.6% YoY surge in revenues

• NPDs and distribution expansion led to double-digit volume growth in Consumer Lighting

• Value-added categories contributed over 65% in Consumer Lighting

• Professional Luminaries registered double-digit growth , supported by successful execution of key projects in Street Lighting and Façade

• Wires revenue more than doubled, switches maintained double-digit momentum

• Rapid acceptance among trade partners and influencers and continued focus on the electrician program for deeper market engagement

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Electrical Consumer Durables

Q2 FY26 Segment Highlights | ECD

Resilient Performance, despite Seasonal Softness

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Revenue EBIT and EBIT Margin
0.3% YoY -19.1% QoQ 8.8% 6.8% 8.2%
545
440 441
39
37 36
Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26
₹ Cr ₹ Cr
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• ECD demonstrated resilient performance , despite seasonal softness

• Fans market share continued to improve , underpinned by expanded DTM reach, strong momentum in digital channels

• NPDs contributed over 34% to fan sales

• BLDC fan sales surged 40% YoY , improvement in Premium category by 500 bps

• E-commerce channel delivered high double-digit growth

• Water Heaters posted high single-digit growth, supported by seasonal demand and portfolio enhancements

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New Product Development

New Product Launches

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ECD
Ceiling Fans TPWE Appliances
Premium Decorative Personal Fans
Elfie Vento Instaflo 3L Instant WH
Orbis
Artis/Artis UL Luna
Exhaust Series
BLDC
Instaflo Neo 3L Instant WH
Smart Air
Ventro Hill Air Oil Shield
Ceiling Exhaust
Proton Ecotech Neu G
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New Product Launches

Lighting

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Rainbow Surface Panel
COB Deep DL Aura COB DL Blaze Nova Spot Prism Spot 1W
6W/12W
3W/6W/9W/15W/18W 3W light 7W
Eyeluv Panel Razor Plus FL Deco Wall light Rope light Grace Delite Plus
10W/15W/20W 200W 5W/10W 144 LEDs/meter 70W
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Marketing Initiatives

Q2 FY26 Key Marketing Initiatives

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Lighting Season Campaign

• Engaging Podcast format carried forward with MS Dhoni, Kusha Kapila and Madan Gowri

• Built high impact visibility with deep product integration in top 5 OTT show- Rise and Fall

• High frequency digital campaign on YouTube, Meta and other native platforms

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E-commerce and Q-commerce Presence

• Accelerated growth in Non-Fans Categories i.e. Water Heaters & Lighting in BAU , pre-festive and festive periods

• Collaborations with marketplace platforms on social to drive brand visibility

• Improved ASP through premiumization in Fans

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Strengthened BTL Presence during Festive

• Premium display and dealer meets showcasing all categories

• Festive displays in key markets

• Premium A+ lighting displays and live fans at premium counters

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Financial Summary

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Profit & Loss Statement

Particulars(in ₹ Crore)	Q2 FY26	Q2 FY25	YoY%	Q1 FY26	QoQ%	H1 FY26	H1 FY25	YoY%
Revenue from Operations	702.6	660.2	6.4%	769.1	-8.6%	1,471.7	1,415.0	4.0%
COGS	481.1	446.4	7.8%	518.5	-7.2%	999.6	951.1	5.1%
Gross Profit	221.5	213.8	3.6%	250.6	-11.6%	472.1	464.0	1.8%
Gross Margin %	31.5%	32.4%	-85 bps	32.6%	-105 bps	32.1%	32.8%	-71 bps
Employee Expenses	75.8	77.9	-2.8%	76.3	-0.7%	152.0	154.9	-1.8%
Other Expenses	107.8	100.2	7.6%	128.2	-15.9%	236.1	233.4	1.2%
EBITDA	37.9	35.7	6.4%	46.1	-17.7%	84.0	75.7	11.0%
EBITDA Margin %	5.4%	5.4%	0 bps	6.0%	-59 bps	5.7%	5.4%	36 bps
Depreciation	19.1	19.6	-2.6%	19.5	-1.8%	38.6	37.2	3.8%
Financial Cost	5.0	6.0	-16.2%	5.5	-7.7%	10.5	11.7	-10.7%
Other Income	2.5	4.2	-40.3%	2.5	0.8%	5.0	6.7	-25.2%
Profit Before Tax (PBT)	16.3	14.2	14.5%	23.7	-31.1%	40.0	33.5	19.3%
Tax	4.2	3.8	11.9%	6.1	-30.9%	10.4	8.7	19.2%
Profit After Tax (PAT)	12.1	10.4	15.5%	17.5	-31.2%	29.6	24.8	19.4%
PAT Margin %	1.7%	1.6%	13 bps	2.3%	-56 bps	2.0%	1.8%	26 bps
Earning Per Share in Rs.	0.57	0.49	15.5%	0.82	-31.2%	1.39	1.16	19.4%

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(PAT is excluding OCI)

Balance Sheet

Particulars (in ₹ Crore) As at Sep 30, 2025 As at Mar 31, 2025

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Assets

Non-Current Assets

Property, Plant and Equipment	354	366
Capital Work in Progress	3	5
Intangible Assets	10	13
Right of Use Asset	58	61
Trade Receivables	4	6
Other Financial Assets	17	17
Deferred Tax Assets (net)	37	34
Non-Current Tax Assets	8	4
Other Non-Current Assets	5	4
Total Non-Current Assets	496	509
Current Assets
Inventories	450	430
Investments	-	14
Trade Receivables	438	513
Cash & Bank Balance	20	55
Other Financial Assets	5	5
Other Current Assets	45	29
Total Current Assets	958	1,046
Asset Held for Sale	1	-
Total Assets	1,455	1,555

Particulars(in ₹ Crore)	As at Sep 30, 2025	As at Mar 31, 2025
Equities & Liabilities
Equity and Share Capital	21	21
Other Equity	688	673
Total Equity	709	694
Non-Current Liabilities
Lease Liabilities	42	44
Long Term Provisions	30	26
Other Non-Current Liabilities	5	5
Total Non-Current Liabilities	77	75
Current Liabilities
Borrowings	55	17
Lease Liabilities	24	25
Trade Payables	476	600
Other Current Financial Liabilities	55	68
Short Term Provisions	33	32
Other Current Liabilities	27	43
Total Current Liabilities	669	785
Total Equity & Liabilities	1,455	1,555

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Key Ratios

Financial Ratios	H1 FY25	H1 FY26
ROCE (pre-tax)	15.4%	18.6%
Current Ratio	1.3	1.4
Net Working Capital Days	19	32
Debt-Equity ratio	0.03	0.08

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Shareholder Information

Stock Data

Bloomberg Ticker ORIENTEL IN BSE Ticker 541301 NSE Ticker ORIENTELEC Market Capitalization (₹ Crore) – 4,183 Sep 30, 2025 No. of Shares Outstanding 21.34 (In Crores)

Shareholding Pattern Sep 30, 2025

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FIIs, 6.4%
Other DIIs,
1.8%
Promoters,
Mutual Funds, 38.3%
27.9%
Others, 25.6%
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Thank You

DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain certain forward-looking statements relating to Orient Electric Limited. (“OEL”, or “Company”) and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and associates and their respective directors and officers with respect to the results of operations and financial condition of the Company, subsidiary or associate, as the case may be. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to: (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, which could cause actual development and results to differ materially from the statements made in this presentation. Company assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise. Any forward-looking statements and projections made by third parties included in this presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded. This presentation and its contents are confidential and should not be distributed, published or reproduced, in whole or in part, or disclosed by recipients directly or indirectly to any other person.

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