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Orient Electric Ltd.’s Q1 numbers saw Covid-19 related impact, though numbers have improved YoY due to the low base of past period.
Ebitdam margins came in at 5.3% compared to 12-13.5% range in the preceding three quarters due to adverse operating leverage and rising input costs.
Working capital went up with channel hesitancy to stock up amid uncertainty, though expected to improve Q2 onwards.
Orient Electric has prioritised on business-to-consumer expansion with focus on entry-level fans and consumer luminaires.
It has increased attention on products that are rural-focused and entry-level models in line with ensuing demand growth from semi-urban and rural market.
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