Integrated Filing — IndAS

General information about company
Scrip Code	541301
NSE Symbol	ORIENTELEC
MSEI Symbol	NOTLISTED
ISIN	INE142Z01019
Name of company	ORIENT ELECTRIC LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	21-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	25-Apr-2025   12:30:00
End date and time of board meeting	25-Apr-2025   14:10:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8618500000	30936800000
	Other income	34900000	118400000
	Total income	8653400000	31055200000
2	Expenses
(a)	Cost of materials consumed	2428700000	8967800000
(b)	Purchases of stock-in-trade	3616400000	13176000000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-136600000	-1147700000
(d)	Employee benefit expense	759200000	3060600000
(e)	Finance costs	64200000	242300000
(f)	Depreciation, depletion and amortisation expense	217500000	790600000
(f)	Other Expenses
1	Other Expenses	1282600000	4843100000
	Total other expenses	1282600000	4843100000
	Total expenses	8232000000	29932700000
3	Total profit before exceptional items and tax	421400000	1122500000
4	Exceptional items	0	0
5	Total profit before tax	421400000	1122500000
6	Tax expense
7	Current tax	105300000	294300000
8	Deferred tax	3500000	-3900000
9	Total tax expenses	108800000	290400000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	312600000	832100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	312600000	832100000
17	Other comprehensive income net of taxes	3200000	5600000
18	Total Comprehensive Income for the period	315800000	837700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	213400000	213400000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		6729600000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.46	3.9
	Diluted earnings (loss) per share from continuing operations	1.46	3.9
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.46	3.9
	Diluted earnings (loss) per share from continuing and discontinued operations	1.46	3.9
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.The above financial results of the Company were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on April 25, 2025. n2. These financial results have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 (as amended). n3.As per IND AS 108 - Operating Segments, the Company has two reportable segments namely Electrical Consumer Durables and Lighting & Switchgear. The financial information for these segments are accompanying the financial results as per IND AS 108 - Operating Segments. n4.The figures of quarter ended March are the balancing figures between audited figures in respect of full financial year and unaudited published year to date figures upto December; being the date of end of the third quarter of the respective financial years, which were subjected to limited review. n5. Exceptional item represents profit of Rs 18.68 crores on sale of land at Hyderabad. n6. The managerial remuneration paid/payable to Managing Director and Chief Executive Officer of the Company amounting to Rs 6.85 crores for the financial year exceeded the prescribed limits under section 197 read with Schedule V to the Companies Act, 2013 by Rs 0.81 crores. As per the provisions of the act, the excess remuneration is subject to approval of the shareholders which the Company proposes to obtain in the forthcoming Annual General Meeting and shall be paid after receipt of shareholders’ approval. As per the management’s assessment the approval from shareholders for excess remuneration is probable. n7. During the year, Company has received three demand orders amounting to Rs 58.50 crores from Anti Evasion section of GST and Central Excise Department from the states of Maharashtra, Madhya Pradesh and Andhra Pradesh, where department has alleged import of goods at higher rate of GST and sales at lower rate of GST on account of wrong HSN/misclassification of goods and other matter. The Company has filed writ petition and appeal against the demand order recieved from the state of Madhya Pradesh and Andhra Pradesh respectively. Company is also in process of filing writ petition against the demand order from the state of Maharashtra. Based on advice from legal expert, Company believes that it has strong case on merits and hence no provision has been made there against. n8. During the year, the Company has received show cause notices from Excise and Taxation Officer-cum-Assessing Authority under Haryana Tax on Entry of Goods into Local Areas Act,2008 for FY 2015-16, 2016-17 and 2017-18 amounting to Rs 33.75 crores in respect to goods brought into Haryana for consumption/ use /sale in the said period. The Company based on advice from legal expert has filed a writ petition before High Court of Punjab and Haryana against the said show cause notices and believes that it has strong case on merits and hence no provision has been made there against. n9. The Board of Directors at their meeting held on April 25, 2025 recommended a final dividend of Rs 0.75 (@ 75%) per equity share of Rs 1 each of the Company, making a total dividend of Rs 1.50 (@ 150%) per equity share of Rs 1 each for the financial year 2024-25, including interim dividend of Rs 0.75 (@ 75%) per equity share declared earlier during the financial year 2024-25. Final Dividend is subject to the approval of the shareholders.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4269700000
	Capital work-in-progress	45800000
	Investment property	0
	Goodwill	0
	Other intangible assets	127000000
	Intangible assets under development	1500000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	56200000
	Loans, non-current	0
	Other non-current financial assets	168100000
	Total non-current financial assets	224300000
	Deferred tax assets (net)	377700000
	Other non-current assets	42100000
	Total non-current assets	5088100000
2	Current assets
	Inventories	4296700000
	Current financial asset
	Current investments	140800000
	Trade receivables, current	5127800000
	Cash and cash equivalents	522800000
	Bank balance other than cash and cash equivalents	25100000
	Loans, current	0
	Other current financial assets	51700000
	Total current financial assets	5868200000
	Current tax assets (net)	0
	Other current assets	293800000
	Total current assets	10458700000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	15546800000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	213400000
	Other equity	6729600000
	Total equity attributable to owners of parent	6943000000
	Non controlling interest
	Total equity	6943000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	439300000
	Total non-current financial liabilities	439300000
	Provisions, non-current	260400000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	54100000
	Total non-current liabilities	753800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	170500000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	840700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	5160000000
	Total Trade payable	6000700000
	Other current financial liabilities	935600000
	Total current financial liabilities	7106800000
	Other current liabilities	425000000
	Provisions, current	318200000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	7850000000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	8603800000
	Total equity and liabilites	15546800000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Electrical Consumer Durables	6142400000	21729500000
2	Lighting & Switchgear	2476100000	9207300000
	Total Segment Revenue	8618500000	30936800000
	Less: Inter segment revenue
	Revenue from operations	8618500000	30936800000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Electrical Consumer Durables	677700000	2203300000
2	Lighting & Switchgear	308300000	1319600000
	Total Profit before tax	986000000	3522900000
	i. Finance cost	48100000	48100000
	ii. Other Unallocable Expenditure net off Unallocable income	516500000	516500000
	Profit before tax	421400000	1122500000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Electrical Consumer Durables	9598300000	9598300000
2	Lighting & Switchgear	3726100000	3726100000
	Total Segment Asset	13324400000	13324400000
	Un-allocable Assets	2222400000	2222400000
	Net Segment Asset	15546800000	15546800000
4	Segment Liabilities
	Segment Liabilities
1	Electrical Consumer Durables	4830800000	4830800000
2	Lighting & Switchgear	2581700000	2581700000
	Total Segment Liabilities	7412500000	7412500000
	Un-allocable Liabilities	1191300000	1191300000
	Net Segment Liabilities	8603800000	8603800000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-Measurement gains on defined benefit plans	4300000	7500000
2	Income tax effect [(charge)/credit]	-1100000	-1900000
	Total Amount of items that will not be reclassified to profit and loss	3200000	5600000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	3200000	5600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1122500000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			92700000
	Adjustments for decrease (increase) in inventories			-1146100000
	Adjustments for decrease (increase) in trade receivables, current			-570000000
	Adjustments for decrease (increase) in trade receivables, non-current			46800000
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			24900000
	Adjustments for other financial assets, current			-7800000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			820600000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			358300000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			790600000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-337200000
	Adjustments for provisions, non-current			52000000
	Adjustments for other financial liabilities, current			59700000
	Adjustments for other financial liabilities, non-current			-121900000
	Adjustments for unrealised foreign exchange losses gains			-1800000
	Adjustments for dividend income			0
	Adjustments for interest income			43600000
	Adjustments for share-based payments			36000000
	Adjustments for fair value losses (gains)			-800000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			53800000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			106200000
	Net cash flows from (used in) operations			1228700000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			353200000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			875500000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			7300000
	Purchase of property, plant and equipment			552900000
	Proceeds from sales of investment property			6045100000
	Purchase of investment property			5811800000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			42500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-20200000
	Net cash flows from (used in) investing activities	-290000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			-38200000
	Repayments of borrowings			0
	Payments of lease liabilities			334000000
	Dividends paid			320000000
	Interest paid			27400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-719600000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-134100000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-134100000
	Cash and cash equivalents cash flow statement at beginning of period			656900000
	Cash and cash equivalents cash flow statement at end of period			522800000