Orient Technologies reported consolidated revenue of 2 billion rupees in Q3 FY26 but posted a net loss of 146.4 million rupees. The company announced CEO Shrihari Kishor Bhat’s resignation effective April 29, 2026, signaling a leadership transition during a challenging financial quarter.
Orient Technologies Ltd has released its December quarter (Q3 FY26) financial results, reflecting a mixed performance. While revenues remained steady, profitability was impacted by rising costs and subdued demand in certain IT service segments.
Key Highlights
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Revenue from operations stood at 2 billion rupees, reflecting stable topline performance compared to the previous quarter
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Net consolidated loss widened to 146.4 million rupees, driven by higher operating expenses and margin pressures
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Total operating expenses declined sequentially to 191.78 crore rupees from 205.42 crore rupees, showing cost rationalization efforts
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Year-on-year comparison indicates revenue growth but profitability challenges persist due to competitive pricing and slower enterprise spending
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CEO Shrihari Kishor Bhat has tendered his resignation, effective April 29, 2026, marking a significant leadership change for the company
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Stock reaction was negative, with Orient Technologies shares falling over 6% on NSE and BSE following the announcement
The company emphasized its focus on restructuring operations and enhancing efficiency to navigate the evolving IT services landscape. Analysts expect the leadership transition to play a crucial role in shaping future strategy.
Sources: Mint, Moneycontrol, Orient Technologies Investor Relations