Orient Electric Q4 Review - A Mixed Bag: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Orient Electric Ltd.’s Q4 FY22 result was a mixed bag. Revenue dipped 6% YoY, and Ebitda margin (up 91 basis points QoQ to 10.7%) saw sequential recovery. While price hikes impacted electrical consumer durables revenue (down 11% YoY), the lighting and switchgear segment continued to do well with 15% YoY rise in revenue, and 125 bps YoY and 99 bps QoQ margin expansion. Migration to direct-to-consumer distribution (from master distribution) in underpenetrated markets (such as Odisha, Bihar etc.) is expected to drive Orient Electric's growth, while pricing action, premiumisation and operating leverage should aid margins. We thus estimate 12%/19% compound annual growth rate revenue/profit after tax over FY22-24E, with healthy return on equity (~25%) and free cash flows..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Orient Electric Q4 Review - A Mixed Bag: Systematix

Orient Electric Q4 Review - A Mixed Bag: Systematix

Choose a plan