Key Points
BENGALURU, Nov 3 (Reuters) - Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business...
The company posted a profit after tax of 184.5 million rupees ($2.2 million), which included a one-time gain of 186.8 million rupees from a land sale..
It had posted a loss of 2.8 million rupees in the year ago quarter...
Peer Havells India (HVEL.NS) last month posted second-quarter profit of 2.49 billion rupees, up 33% year-on-year on strong cable sales...
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