Orient Electric shares zoom over 15% a day after BlackRock-backed ETF sells shares; check details

The sharp jump in the stock was witnessed a day after iShares Core MSCI Emerging Markets ETF sold the company's shares in a bulk deal transaction.

The ETF sold the company's 12,63,276 equity shares, or 0.59% stake, at an average price of ₹164.45 on the NSE.

The iShares Core MSCI Emerging Markets ETF (IEMG) is an exchange-traded fund managed by BlackRock that aims to track the investment results of an index composed of a broad range of large-, mid-, and small-capitalisation emerging market equities.

About Orient Electric

Orient Electric Limited is a lifestyle electrical solutions company. It is engaged in the manufacture/purchase, and sale of electrical consumer durables, lighting and switchgear products.

The company’s segments include Electrical Consumer Durables and Lighting & Switchgear. The Electrical Consumer Durables segment consists of the manufacture/purchase and sale of electric fans (ceiling, portable and airflow), along with components and accessories thereof, and appliances (coolers, geysers and home appliances).

The Lighting & Switchgear segment consists of the manufacture/purchase and sale of lights and luminaries, including light-emitting diodes (LED), streetlights and switchgears, including switches and miniature circuit breakers (MCB).

Its small appliance products include mixer grinders, sandwich makers, electric kettles, juicer mixer grinders, hand blenders, room heaters, coffee machines, and others. It has manufacturing facilities in Noida, Faridabad, Hyderabad and Kolkata.

Orient Electric Q2 FY26 Results

Orient Electric reported a rise of 15.51% in its net profit at ₹12.06 crore in the September quarter of FY26, helped by increased efficiency and focus on premiumisation.

It had posted a net profit of ₹10.44 crore in the July-September quarter a year ago, according to a regulatory filing from CK Birla group firm Orient Electric Ltd (OEL).

Its revenue from operations was up 6.43% to ₹702.61 crore in the September quarter of FY26. It was at ₹660.15 crore in the corresponding period last fiscal.

Its revenue from electrical consumer durables was marginally at ₹440.91 crore in Q2/FY26 as against ₹439.51 crore a year ago.

OEL's revenue from lighting and switchgear was at ₹261.7 crore, up 18.6%.

Total expenses of OEL were at ₹688.81 crore, up 5.95% in the September quarter.

OCL's total income, which includes other income, was at ₹705.11 crore, up 6.13%.

In the first half of this fiscal year (H1/FY26), OEL's total income was up 3.86% to ₹1,476.67 crore.