.Revenue from functions increased by 7 per cent to Rs 755 crore.1 min went through Last Improved: Aug 01 2024|4:20 PM IST.India's Orient Electric stated a 27 per cent fall in first-quarter profit on Thursday, as much higher costs outweighed the increase in purchases of fans and colders as the nation battled with scorching warmth.Orient Electric, which likewise sells mixer-grinders and switchgears, claimed profit reduced to Rs 14.34 crore ($ 1.7 thousand) in the fourth, coming from Rs 19.69 crore a year previously.Earnings from functions increased by 7 per cent to Rs 755 crore.KEY CONTEXT.Climbing temperatures and intense heatwaves around the nation has boosted requirement for cooling down products, however it was offset by much higher costs of traded items, attacking the company's bottomline.Indian home device manufacturers have provided a mainly mixed collection of incomes, putting together a balancing act between strengthened need and also much higher costs of resources like copper and aluminium.Final month, Crompton Greaves hammered quarterly profit estimations, aided through increasing need for fans and also colders, although Havells India missed quotes as costs surged.( Only the title and photo of this report might possess been reworked due to the Service Requirement personnel the rest of the information is auto-generated from a syndicated feed.) First Published: Aug 01 2024|4:20 PM IST.