Odigma Q3 revenue dips, posts loss; MD re-appointed, fund-raising deferred

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Nifty Microcap 250market · in no size index; the smallest one is used+1.8%-1.1% vs market

IT Enabled Services peers, median of 72sector+1.0%-0.2% vs sector

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AI summary

Odigma Q3 FY26 revenue fell to INR 956.26 lakh from INR 1017 lakh YoY, swinging to a net loss of INR 144 lakh from a INR 14 lakh profit last year. Clients paused festive marketing spends and the company invested in advance hiring. Two new enterprise clients (real estate, EV) were onboarded. The board re-appointed MD Mathew Jose for 3 years from May 29, 2026 subject to shareholder approval, shifted the registered office one floor up within GIFT City, and deferred a fund-raising proposal to a later date.

Likely market impact

Weak quarter as clients pulled back on festive marketing and advance hiring hit margins. Management cites new client wins and pipeline. MD continuity intact; fund raise pushed out.