Board of Directors of the Company in its Board Meeting held on Saturday, 30th May, 2026 have approved and taken on record the Audited Standalone Financial Results & Consolidated Financial ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Octaware Technologies reported audited results for FY2026 ending March 31. Standalone revenue grew 41% to Rs. 923.40 Lakhs, but profit after tax fell 63% to Rs. 3.50 Lakhs due to higher tax expenses and increased costs. More critically, consolidated results show a dramatic deterioration with revenue of Rs. 1,771.80 Lakhs (up 12%) but a consolidated loss of Rs. 501.89 Lakhs versus profit of Rs. 27.71 Lakhs in prior year. Consolidated operating cash flow was negative at Rs. 445.96 Lakhs. Long-term borrowings increased significantly from Rs. 57.52 Lakhs to Rs. 377.26 Lakhs. The company appointed a new Internal Auditor for FY2026-27. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The stock shows severe divergence between standalone and consolidated performance. While standalone appears profitable, the consolidated entity reported a massive loss primarily driven by subsidiary performance. Negative operating cash flow and increased debt levels are concerning. The clean audit opinion provides some comfort, but investors should monitor the turnaround in consolidated operations.