Orient Electric Shares Jump Over 30% in Two Weeks After Strong Q2 Earnings

Orient Electric's shares jumped over 30% in the past two weeks after the company posted a sharply higher Q2 FY27 profit. The stock closed 2.32% higher on Friday at ₹203.90 per share, marking a 22.68% gain in the last week and more than a 30% rise in two weeks. Net profit more than doubled to ₹27.06 crore, up from ₹12.06 crore a year earlier. Revenue from operations grew 25.15% year‑on‑year to ₹879.34 crore, compared with ₹702.61 crore in the same quarter last year. The fan segment led the growth, with new products contributing over 30% of fan revenues, BLDC fans up 26% YoY, and premium fans accounting for roughly 40% of the portfolio. The company also widened its distribution network through DTM expansion and deeper channel penetration.

Analyst View

ICICI Securities kept a Buy rating, lifted its target price to ₹240 per share and flagged about a 22% upside. Their model projects revenue CAGR of 20% and PAT CAGR of 43.4% for FY26‑28, with RoE staying above 14% and an implied P/E of 30× for FY28 earnings.

Context

Premium‑focused products are helping Indian electrical brands capture higher margins as consumers upgrade home appliances. Expanding distribution channels lets companies like Orient reach more retailers and boost cross‑selling opportunities.