Orient Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
ORIENTTECH · price
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The Board of Orient Technologies approved audited financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditors Kirtane & Pandit LLP. FY25 revenue from operations grew ~39% YoY to ₹83,953 lakhs, while profit after tax rose ~22% to ₹5,044 lakhs, translating to an EPS of ₹12.85 versus ₹11.80 last year. However, operating cash flow swung sharply negative to -₹1,114 lakhs from a positive ₹2,229 lakhs in FY24, driven largely by a ₹13,566 lakh jump in trade receivables, and EBITDA margins compressed to ~8.9% from ~10.0% YoY. The board also appointed Santosh Ghag & Co. as Internal Auditors for FY26 and Alwyn Jay & Co. as Secretarial Auditors for a 5-year term (FY26–FY30), while Independent Director Meera Rawat resigned effective May 7, 2025 citing personal reasons and relocation. Of ₹10,793 lakhs raised via IPO, ₹2,624 lakhs has been utilised and shareholders have approved extending the deadline for the remaining ₹8,168 lakhs to March 31, 2026.
Strong top-line growth and healthy profit growth are positives for shareholders, but the steep negative swing in operating cash flow and margin compression are red flags worth tracking. The independent director exit is a minor governance watch-item, though attributed to personal reasons; auditor changes appear routine.