Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q1 FY25 Earnings Presentation
16 slides from Orient Electric's earnings presentation, Aug 1, 2024
Slide 1: Cover letter to stock exchanges: Investors' Release
August 01, 2024 Listing Department Department of Corporate Services -Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Fort, Mumbai – 400 001 Trading Symbol:
Slide 2: Earnings Presentation Q1 FY25
O r i ent E l ec t r i c Li mi ted Earnings Presentation Q1 FY25 August 1, 2024
Slide 3: Key developments for the quarter
Key developments for the quarter Mr. Ravinder Singh Negi appointed as Managing Director & CEO w.e.f. 30th May’24. Greenfield Plant at Hyderabad started commercial production from 6th May’24, with TPW Lines. Adherence to Industry 4.0 standards Advanced automation technologies aimed at boosting effici
Slide 4: Execution of strategic initiatives continues with steadfast growth ambition
Execution of strategic initiatives continues with steadfast growth ambition Go-To-Market Digital & Large Format Retail Lighting Cost Savings Refocused customer value Growth and market share gain Focused distribution expansion proposition in Digital and large Thrust on cost optimization from
Slide 5: Q1FY25 Snapshot
Q1FY25 Snapshot Sales ECD Lighting & Switchgear ₹ 755Cr ₹ 545Cr ₹ 210Cr +7.0% YoY +5.8% YoY +10.2% YoY -4.2% QoQ -4.3% QoQ -3.9% QoQ Gross Profit Margin EBITDA Margin PAT Margin Net Cash Position ₹ 250Cr 33.1% ₹ 40Cr 5.3% ₹ 14Cr 1.9% ₹ 138Cr* YoY +15.7% +249bps YoY -8.9% -93bps YoY -26.8% -88bps YoY
Slide 6: Financial Highlights
Financial Highlights Pockets of impressive growth and expansion in gross margins Revenue growth at 7.0% YoY, with switchgear & lighting, and summer product categories leading the growth. Gross Margin improves appreciably to 33.1%, with strategic measures undertaken, despite the commodity inflation a
Slide 7: Q1FY25 Segment Highlights - ECD
Q1FY25 Segment Highlights - ECD Summer product categories witnessed a strong season sell-out & secondary sales Revenue ECD revenue growth at ~6% YoY. 569 545 515 Summer products, especially Ceiling fans and coolers 445 witnessed a robust demand, amidst heatwave in several parts +6% YoY of the co
Slide 8: Q1FY25 Segment Highlights - Lighting & Switchgear
Q1FY25 Segment Highlights - Lighting & Switchgear Strong growth in the segment, despite continued price erosion and commodity fluctuations Revenue 219 210 Accelerated growth of ~10% YoY. 191 176 Consumer Lighting in B2C saw high teens volume growth. Value contraction persisted at a slower pace.
Slide 9: Business Initiatives
Business Initiatives
Slide 10: New Product Launches
New Product Launches Fans 5 New Launches in Fans - Introduced new fans in multiple designs and across price points. - BLDC Pro range launched with features like IoT controls, integrated lighting, and reverse rotation. 8+ Products Introduced in Lighting Aeon BLDC Pro Aerosense UL BLDC Arena Blanco -
Slide 11: Future of Fans – Season Campaign
Future of Fans – Season Campaign Dhoni in a clutter breaking avatar Robust digital presence and outreach Large format print advertising to introduce new BLDC Pro range High Impact TV properties Presence across General Elections 10
Slide 12: Key Projects executed in Street Lighting and Façade
Key Projects executed in Street Lighting and Façade Meerut Najibabad, Package No 1 Meerut Najibabad, Package No 3 Gurugram Sohna FY24 Puri Parikrama Marg HG Infra Gurgaon Sohna Srinagar smart city Ganga Patna Setu Bridge NHAI Agra Ambhora Surat Ahmedabad Metro Balco Rail Bhawan Ayodhya
Slide 13: Financial Summary
Financial Summary 12
Slide 14: Q1FY25 - Profit & Loss Statement
Q1FY25 - Profit & Loss Statement Particular (in Rs Crore ) Q1 FY25 Q1FY24 YoY% Q4 FY24 QoQ% Revenue from Operations 754.9 705.6 7.0% 787.7 -4.2% COGS 504.7 489.3 3.1% 545.3 -7.4% Gross Profit 250.2 216.3 15.7% 242.4 3.2% Gross Margin % 33.1% 30.7% 249 bps 30.8% 237 bps Employee Expenses 77.0 67.1 14
Slide 15: Stock Information
Stock Information Shareholding Pattern – June 28, 2024 Other DIIs 1.40% (1.22%) FIIs 6.56% (6.52%) Stock Data Bloomberg Ticker ORIENTEL IN Promoters Mutual Funds BSE Ticker 541301 38.31% 26.33% (25.97%) NSE Ticker ORIENTELEC Market Capitalization (₹ Cr.) - Jun 28, 2024 5,759 No. of Shares Outstandin
Slide 16: Thank You
THANK Orient Electric Limited YOU! CIN : L31100OR2016PLC025892 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com Follow us DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain ce