Orient Electric Ltd

Meeting Details

• Date and time: August 19, 2026, 11:00 AM–05:00 PM.
• Type and mode: one-on-one; in-person for Aditya Birla Sunlife Insurance.
• Organiser/event: Analyst/Institutional Investor Meeting.

Participants

• Company participants: not disclosed in filing.

Purpose

• Purpose: earnings/results discussion and general investor interaction.

Additional Notes

• Schedule may change due to participant exigencies.

KYC update and dividend withholding for physical shares

• SEBI circular mandates PAN, KYC, nomination for physical holders; dividends paid electronically after update.
• Orient Electric has informed physical shareholders with pending KYC to update promptly to receive dividends.
• Dividend withholding applies until KYC is updated, with electronic payment once updated.
• AGM 22 July 2026 approved final dividend of Rs 0.75 per share for FY2025-26.
• Dividend payable date specified as 24 July 2026, with withholding for non-updated KYC.
• No payment for those with incomplete KYC until update is provided.

Designation change of SMP

• Designation change: Anika Agarwal becomes EVP & BU Head - Lighting from Chief Marketing & Customer Experience Officer.
• Effective date: August 7, 2026; she will remain an SMP.
• Reason: change in role within SMP.
• Profile: 20+ years in consumer electronics, insurance, telecom; approx four years with Orient.
• Relationships: Not Applicable.
• Impact: No change to board/committees; SMP status retained.

Meeting Details

• Date and time: August 12, 2026, 04:00–05:00 PM; virtual, one-on-one with Canara Robeco Mutual Fund.

Purpose

• Purpose: Analyst/institutional investor meeting.

Financial Performance

• Revenue up 23.5% YoY in Q1 FY27.
• EBITDA margin 7%, up 102 bps YoY.
• PBT after exceptional item INR 42.5 crores, up 79.4% YoY.
• PAT INR 31.5 crores, up 79.7% YoY.
• Gross margin 29.8% for the quarter, inflation-driven.
• Net cash INR 133 crores; working-capital days 25.
• Project Sanchay cost savings INR 10 crores in Q1.
• Inventory balanced; no material buildup.

Segment Trends

• Lighting and Switchgear revenue grew 25.4% YoY.
• Wires grew >200% YoY on a small base.
• ECD revenue rose 22.7% YoY to INR 669 crores.
• BLDC portfolio grew 36% YoY; premium mix at 36%.
• Direct-to-market added ~3,600 new retailers this quarter.
• Export business grew double-digit; e-commerce also grew double-digit.

Costs and Margin Management

• Calibrated price increases across all segments.
• Sanchay program contributed INR 10 crores in Q1.
• Gross margin target 32-34%; volatility complicates accuracy.
• Inflation mitigated via productivity and pricing actions.
• EBITDA margin up ~100 bps year-on-year.

Balance Sheet and Liquidity

• Cash balance at quarter-end: INR 133 crores.
• Working-capital days: 25; balance-sheet discipline persists.

Growth Outlook and Strategy

• One Orient and 3-wall strategy drive growth.
• First milestone: cross INR 5,000 crores revenue; 14-15% CAGR.
• Target double-digit EBITDA margins; gross margin 32-34%.
• DTM expansion, e-commerce growth, and service ecosystem to drive growth.
• Wires and emerging categories to drive operating leverage.

Q&A Highlights

• Six price increases in fans from Dec to Jun; 15-16%.
• Inflation volatility complicates passing all costs; focus on value.
• Exports grew double-digit; Hyderabad export-ready; Europe opportunities.
• Wires expansion in North and East; pan-India later.

ESG rating update

• Crisil ESG Rating for FY2025–26: 62 (Strong), up from 58 (Adequate) FY2024–25.
• Rating based on publicly available information.
• Disclosed via email and uploaded on Orient Electric's website.

Auditor tenure update

• S.R. Batliboi & Co. LLP completed two terms as statutory auditors.
• Shareholders approved Price Waterhouse Chartered Accountants LLP as statutory auditors for five-year term from AGM conclusion.

ESG rating disclosure

• SES ESG Research assigns 74 ESG rating for FY2025–26 to Orient Electric, up from 72.3 in FY2024–25.
• Rating based on public-domain information, communicated by SES via July 18, 2026 email.
• Intimation issued under SEBI LODR Regulation 30 accompanying the rating disclosure.