Orient Electric reported a decline of 3.36 percent in net profit to Rs 11.76 crore for the third quarter ended December 31, 2018. The company had reported a profit of Rs 12.17 crore in October-December 2017, Orient Electric said in a BSE filing.
However, the total income during the reported quarter was up 21.47 percent to Rs 422.71 crore as against Rs 347.97 crore in the year-ago period.
Total expenses were at Rs 404.98 crore as compared to Rs 329.25 crore in the corresponding period of 2017-18.
Revenue from electrical consumer durables was at Rs 284.67 crore and from lighting and switchgear segment at Rs 135.75 crore.
Shares of Orient Electric on Monday settled 3.93 percent down at Rs 139.35 apiece on BSE.―Money Control