Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025.
ORIENTTECH · price
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Orient Technologies' board approved unaudited standalone and consolidated results for Q3 FY26 (quarter ended Dec 31, 2025) and the nine-month period. Standalone revenue from operations for Q3 came in at Rs 19,823 lakhs, down about 4% YoY and sharply lower sequentially from Rs 27,280 lakhs in Q2 FY26. The company slipped into a standalone loss after tax of Rs 1,495.60 lakhs in Q3, largely because of a one-time exceptional charge of Rs 1,923.53 lakhs covering new Labour Code gratuity/leave provisions and the write-off of unamortized costs tied to a lost major cloud customer. For the nine-month period, standalone revenue grew about 18% YoY to Rs 68,360 lakhs, but PAT fell roughly 75% to Rs 924 lakhs. Consolidated Q3 revenue was Rs 20,010 lakhs with a loss after tax of Rs 1,464 lakhs. The board also cleared a postal ballot to extend the utilization deadline of IPO proceeds (Rs 10,792.60 lakhs raised in Aug 2024) to March 31, 2027, as Rs 6,123.60 lakhs remains unutilized mainly for capex. CEO Shrihari Kishor Bhat resigned effective April 29, 2026, and Ms. Renuka Patel was appointed Interim Company Secretary and Compliance Officer. The statutory auditors (Kirtane & Pandit LLP) issued an unmodified limited review conclusion.
The Q3 loss is almost entirely driven by exceptional/one-time items rather than core operations, which limits the negative read-through, but the steep sequential revenue drop and weak nine-month PAT are likely to weigh on near-term sentiment. The IPO proceeds extension request and CEO exit add uncertainty around growth execution and capital deployment.