Oricon Enterprises Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ORICONENT · price
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Oricon Enterprises reported standalone revenue from continuing operations of Rs. 1,620.22 lakhs for FY26, up 31.6% from Rs. 1,230.95 lakhs in FY25. Profit after tax from continuing operations turned positive at Rs. 732.51 lakhs versus a loss of Rs. 901.79 lakhs previously. However, total comprehensive income was negative at Rs. 10,716.21 lakhs due to significant other comprehensive losses (Rs. 11,600.48 lakhs) from equity instruments through OCI and revaluation surplus adjustments. The company recorded an exceptional loss of Rs. 233.21 lakhs from slump sale of discontinued operations (Metal Crown Seals undertaking). Other expenses include write-off of trade and other receivables aggregating Rs. 703.61 lakhs. Operating cash flow was negative at Rs. 1,733.52 lakhs. The Board also approved dividend @ 10% (Rs. 0.20 per share), reclassification of promoters to public category, sale of 80% stake in Oriental Containers Limited (non-material subsidiary), and exit from Claridge Energy LLP. Independent Director Mr. Sumant Mimani resigned effective May 29, 2026.
Strong revenue growth and return to profitability from core operations, but massive OCI losses significantly impacted total comprehensive income. High receivables write-offs and negative operating cash flow indicate working capital challenges. Promoter reclassification and multiple divestments signal ongoing restructuring.