New Delhi, Jan 28 (PTI) CK Birla group firm Orient Electric on Monday reported a decline of 3.36 per cent in net profit to Rs 11.76 crore for the third quarter ended December 31, 2018.Also Read - India Successfully Test-Fires Agni-5 From Odisha's Abdul Kalam Island
The company had reported a profit of Rs 12.17 crore in October-December 2017, Orient Electric said in a BSE filing. Also Read - T20 World Cup 2021 Today Match Report, ENG vs BAN T20 Scorecard: Jason Roy, Bowlers Shine as England Beat Bangladesh by 8 Wickets to Make Two in Two
However, the total income during the reported quarter was up 21.47 per cent to Rs 422.71 crore as against Rs 347.97 crore in the year-ago period. Also Read - 4 Ways How Psoriasis Can Worsen if Proper Care is Not Taken Right Away
Total expenses were at Rs 404.98 crore as compared to Rs 329.25 crore in the corresponding period of 2017-18.
Revenue from electrical consumer durables was at Rs 284.67 crore and from lighting and switchgear segment at Rs 135.75 crore.
In a separate filing, Orient Electric informed that its board on Monday approved an interim dividend of Rs 0.50 (50 per cent) per equity share of face value of Re 1 each for 2018-19.
Shares of Orient Electric on Monday settled 3.93 per cent down at Rs 139.35 apiece on BSE.
This is published unedited from the PTI feed.