Orient Bell Limited September profit jumps to Rs 11.89 crore

Orient Bell Limited reported standalone profit after tax of Rs 11.89 crore for the quarter ended September 30, 2026, up from Rs 2.70 crore a year earlier, as revenue from operations rose 37% to Rs 224.66 crore. Profit before tax increased to Rs 15.84 crore from Rs 3.34 crore in the comparable quarter.

How did Orient Bell perform in the September quarter?

Orient Bell delivered higher standalone September-quarter profit, with profit after tax rising to Rs 11.89 crore from Rs 2.70 crore in the quarter ended September 30, 2025. Revenue from operations increased to Rs 224.66 crore from Rs 163.96 crore, while total income, including Rs 1.05 crore of other income, reached Rs 225.71 crore compared with Rs 164.48 crore.

Orient Bell’s basic earnings per share, not annualised, rose to Rs 8.08 in the September 2026 quarter from Rs 1.84 a year earlier. Total comprehensive income was Rs 11.81 crore after an other comprehensive loss of Rs 8.30 lakh, compared with Rs 2.76 crore in the prior-year quarter; paid-up equity share capital stood at Rs 14.75 crore at September 30, 2026.

What drove Orient Bell’s profit increase?

Orient Bell’s Rs 15.84 crore profit before tax reflected total income of Rs 225.71 crore exceeding total expenses of Rs 209.87 crore in the September 2026 quarter. A year earlier, total income of Rs 164.48 crore exceeded expenses of Rs 161.13 crore by Rs 3.34 crore, meaning income increased by more than the reported expense base over the period.

Power and fuel charges increased to Rs 54.44 crore from Rs 36.78 crore, or by Rs 17.66 crore, in the same quarter-on-quarter comparison. Purchases of stock-in-trade rose to Rs 56.96 crore from Rs 45.40 crore, materials consumed increased to Rs 34.54 crore from Rs 30.02 crore, and employee-benefit expense rose to Rs 29.98 crore from Rs 26.58 crore. These movements accompanied a Rs 60.70 crore increase in revenue from operations.

Orient Bell reported a negative Rs 7.57 crore change in inventories of finished goods, work-in-progress and stock-in-trade in the September 2026 quarter, compared with a negative Rs 12.62 crore a year earlier. Finance cost declined to Rs 64.50 lakh from Rs 99.27 lakh, while depreciation and amortisation was broadly unchanged at Rs 5.36 crore against Rs 5.39 crore. Tax expense was Rs 3.94 crore, including current tax of Rs 4.21 crore and a deferred-tax credit of Rs 26.60 lakh.

How did Orient Bell’s first half compare with last year?

Orient Bell’s standalone profit for the half year ended September 30, 2026 was Rs 20.33 crore, compared with Rs 2.04 crore in the corresponding half of 2025. Half-year revenue from operations rose to Rs 425.62 crore from Rs 304.19 crore, and profit before tax increased to Rs 27.06 crore from Rs 2.47 crore.

The first-half comparison shows total expenses rising to Rs 400.63 crore from Rs 302.84 crore, while total income increased to Rs 427.69 crore from Rs 305.32 crore. Power and fuel charges were Rs 105.16 crore for the six months, up from Rs 65.20 crore, while purchases of stock-in-trade reached Rs 99.14 crore from Rs 83.51 crore. Finance cost declined to Rs 1.36 crore from Rs 2.01 crore.

The September quarter also improved from the quarter ended June 30, 2026. Revenue from operations rose from Rs 200.96 crore to Rs 224.66 crore, profit before tax increased from Rs 11.22 crore to Rs 15.84 crore, and profit after tax rose from Rs 8.43 crore to Rs 11.89 crore. Power and fuel charges increased from Rs 50.72 crore in June to Rs 54.44 crore in September, while total expenses rose from Rs 190.76 crore to Rs 209.87 crore.

What changed in Orient Bell’s balance sheet and cash flow?

Orient Bell’s standalone total assets were Rs 535.05 crore at September 30, 2026, compared with Rs 516.66 crore at March 31, 2026. Equity increased to Rs 342.14 crore from Rs 322.56 crore, including other equity of Rs 327.39 crore. Non-current borrowings declined to Rs 9.32 crore from Rs 16.10 crore, while inventories increased to Rs 77.69 crore from Rs 65.08 crore.

Standalone cash and cash equivalents were Rs 11.83 crore at September 30, 2026, compared with Rs 10.36 crore at March 31, 2026. Operating activities generated Rs 28.50 crore in the first half, up from Rs 10.65 crore a year earlier. Investing activities used Rs 16.98 crore, including Rs 9.05 crore for property, plant and equipment purchases, while financing activities used Rs 10.05 crore, including Rs 6.79 crore of net repayment of long-term and short-term borrowings.

The independent auditor’s review report dated November 13, 2026 said nothing had come to its attention that caused it to believe the standalone statement did not disclose required information or contained a material misstatement. The auditor described the September-quarter and half-year numbers as unaudited and said its review under Standard on Review Engagements 2410 provides less assurance than an audit.

Conclusion

Orient Bell’s September-quarter standalone result combined 37% growth in revenue from operations with profit after tax of Rs 11.89 crore, compared with Rs 2.70 crore a year earlier. Power and fuel charges rose to Rs 54.44 crore from Rs 36.78 crore, but the difference between total income and total expenses widened to Rs 15.84 crore before tax from Rs 3.34 crore.

The filing does not disclose a profit target, operating plan or scheduled corporate event that provides a specific next milestone. The disclosed outstanding point is that the September-quarter and half-year figures were unaudited and subject to the limited review reported by the auditor on November 13, 2026.