Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Olatech Solutions Ltd board approved audited standalone and consolidated financial results for FY2026 (year ended March 31, 2026). Total revenue grew 28% to Rs 2,711.74 lakhs from Rs 2,122.78 lakhs. However, profit before tax declined 59% to Rs 225.52 lakhs from Rs 551.48 lakhs, with net profit down 60% to Rs 168.76 lakhs. EPS fell to Rs 3.79 from Rs 9.68. The company also appointed Mr. Prasad Manohar Nikam as Internal Auditor for FY2026-27. During the year, Olatech acquired 85% stake in Olatech Digital Solutions Pvt Ltd (subsidiary) and 25% in Skillsbiz Education Pvt Ltd (associate). Auditors gave unmodified opinion on financials.
Revenue growth was offset by significant profit decline, indicating margin compression or rising costs. The sharp drop in EPS from Rs 9.68 to Rs 3.79 may concern shareholders. The expansion via new acquisitions adds business diversification but also integration risk.