Q3 results impact: Orient Electric, Zee Ent shares settle up to 7% higher on strong December quarter earnings

Shares in trade.

• Orient Electric shares jumped 7% after strong Q3 results.
• Orient Electric's pre-tax profit rises 19% due to strong consumer durables demand.
• Zee Entertainment shares gained 4 percent despite a 5.37 percent profit decline

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Shares of Orient Electric on Thursday settled nearly 7 percent higher after the company reported strong financial performance for the December quarter.

The stock closed at Rs 170 apiece on the NSE, up 6.64 percent, snapping a three-day losing streak. During the day, it surged 8.52 percent to hit an intraday high of Rs 173.

Orient Electric reported a 19 percent rise in profit before exceptional items and tax to Rs 43.6 crore for the third quarter ended December 31, compared with Rs 36.6 crore in the year-ago period. The growth was driven by demand for its consumer durables.

The company said it booked an exceptional charge of Rs 8.65 crore following the implementation of new labour codes.

Revenue during the quarter rose nearly 11 per cent, led by a 12.6 per cent growth in the electric consumer durables segment.

Analysts had earlier said the consumer durables sector was poised for a positive third quarter, aided by recovery in the lighting business, premiumisation and housing-linked demand, along with improving margins.

Meanwhile, shares of Zee Entertainment Enterprises Ltd also ended higher after the company announced its December quarter results.

The stock settled 4 percent higher at Rs 85.10 per share.

Zee Entertainment reported a 5.37 percent decline in consolidated net profit at Rs 154.8 crore for the December quarter of FY26, compared with Rs 163.6 crore in the same period a year ago, according to a regulatory filing.

Total income during the quarter rose 14.6 percent year-on-year to Rs 2,298.5 crore, while total expenses increased 20.3 percent to Rs 2,087.4 crore.

Advertising revenue declined 9.4 percent to Rs 851.5 crore, while subscription revenue rose 6.9 percent to Rs 1,050.2 crore.

Revenue from other sales and services jumped over sixfold to Rs 378.4 crore during the quarter.

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