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Orient Electric Q1 leads: Profit down 27% to Rs 14.34 cr on high expenses Company Outcomes

.Income coming from operations expanded through 7 per-cent to Rs 755 crore.1 minutes read through Last Improved: Aug 01 2024|4:20 PM IST.India's Orient Electric reported a 27 per cent join first-quarter earnings on Thursday, as greater costs outweighed the increase in sales of supporters and coolers as the nation coped scorching heat.Orient Electric, which additionally markets mixer-grinders and switchgears, stated profit reduced to Rs 14.34 crore ($ 1.7 million) in the one-fourth, coming from Rs 19.69 crore a year previously.Revenue from operations developed through 7 per-cent to Rs 755 crore.KEY CIRCUMSTANCE.Increasing temperatures and also extreme heatwaves across the nation has improved need for cooling down products, but it was actually made up for by higher costs of traded products, striking the company's bottomline.Indian home device makers have delivered a mostly blended collection of revenues, establishing a balancing act in between strengthened need and also higher costs of raw materials like copper as well as aluminium.Final month, Crompton Greaves beat quarterly earnings quotes, helped through climbing requirement for supporters and also coolers, although Havells India overlooked estimates as costs rose.( Only the heading and image of this file may possess been actually reworked by the Company Standard team the remainder of the information is actually auto-generated coming from a syndicated feed.) 1st Published: Aug 01 2024|4:20 PM IST.