Q3 results: profit dips, new CEO and Independent Director appointed
ORBTEXP · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q3 FY26 standalone revenue grew to Rs 5,306.79 lakhs (up 4 percent YoY), but net profit fell to Rs 636.62 lakhs (down 28 percent YoY). Nine months revenue rose 7 percent to Rs 16,879.29 lakhs with net profit of Rs 2,963.90 lakhs. New Labour Codes added a one-time expense of Rs 51.94 lakhs. Board appointed Mr. Parth Seth, son of the Managing Director, as Executive Director and CEO, and Mr. Aditya Jain as Independent Director. New UAE subsidiary Orbit Elegance Trading LLC incorporated on Dec 24, 2025.
Mixed quarter with profit dip despite revenue growth; leadership changes include family succession as the Managing Directors son becomes CEO. Postal ballot pending for shareholder approval.