Orient Technologies Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
ORIENTTECH · price
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Orient Technologies Limited reported a standalone net loss of Rs 1,495.60 lakhs in Q3 FY26, swinging from a profit of Rs 1,265.61 lakhs in Q3 FY25. Quarterly revenue fell about 4% YoY to Rs 19,823.03 lakhs (Rs 20,685.63 lakhs in Q3 FY25), with a sharp 27% sequential drop from Rs 27,280.46 lakhs in Q2 FY26. The quarter carried an exceptional charge of Rs 1,923.53 lakhs, including a Rs 1,515.09 lakhs write-off after the loss of a major cloud-based marketplace customer and Rs 408.44 lakhs from new Labour Code provisions. Nine-month revenue still grew 18% YoY to Rs 68,359.76 lakhs, but PAT plunged to Rs 924.45 lakhs from Rs 3,699.92 lakhs. Separately, the Board accepted CEO Shrihari Kishor Bhat's resignation effective April 29, 2026, appointed Ms. Renuka Patel as interim Company Secretary, and approved a postal ballot to extend IPO proceeds utilization to March 31, 2027, with Rs 6,123.60 lakhs of the Rs 10,792.60 lakhs raised still unutilized.
The Q3 swing to a loss, customer attrition, and one-time write-offs weaken near-term earnings visibility, while the CEO exit introduces management transition risk. The postal ballot is procedural and the bonus issue (1:10) and acquisitions signal growth intent, but the headline numbers are likely to weigh on sentiment in the short term.