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Consumer Electronics company Orient Electric Announced Q1FY23 Result :
- Q1 Revenue CAGR of 14% FY18-FY23
- Q1FY23 showed QoQ resilience to RM inflation
- EBITDA margins in line with pre covid Levels
- Raw material pressure evident due to commodity inflation
- Working capital days reduces YoY to 33 days
- Coolers and Water heaters witness strong traction
- L&S segment EBIT margins at 13%
- ECD segment revenue at Pre covid levels
- L&S segment clocks in an all time high Q1 revenue
