oracle financial services software reported a strong set of unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1FY27), with net profit rising 120% on a year-on-year basis to ₹14.16b. The company's revenue from operations surged to ₹31.25b, compared to ₹18.52b in the corresponding quarter of the previous year, driven by a significant license agreement. The Board also approved major leadership changes, appointing Mr. Avadhut Ketkar as the new Managing Director and Chief Executive Officer following the resignation of Mr. Makarand Padalkar.

Financial Performance

The robust top-line growth was accompanied by a substantial expansion in operating earnings. EBITDA for the quarter climbed to ₹18.76b from ₹8.46b in the year-ago period. The standout aspect of the results was the significant expansion in EBITDA margin, which improved to 60.04% from 45.69%, indicating enhanced operational efficiency.

Key Business Developments

The financial performance was bolstered by a specific agreement with an existing customer for the licensing of software products, transfer of personnel, and provision of transition services. This agreement led to the recognition of license revenue of ₹9,353 million and other income of ₹191 million during the quarter. Additionally, the company allotted 37,006 equity shares under the Employee Stock Option Plan schemes.

Leadership Changes

The Board accepted the resignation of Mr. Makarand Padalkar as Managing Director and Chief Executive Officer, effective July 23, 2026. Concurrently, the Board appointed Mr. Avadhut Ketkar, formerly the Chief Financial Officer, as the Managing Director and Chief Executive Officer for a term of three years from July 24, 2026, subject to shareholder approval. Mr. Manish Bhandari was appointed as the new Chief Financial Officer effective July 24, 2026. The Board also reconstituted various committees, including the Audit, Risk Management, and Stakeholders Relationship Committees, effective July 24, 2026.

Oracle Financial Services Software has designated its Managing Director and Chief Executive Officer, Mr. Avadhut Ketkar, and Chief Financial Officer, Mr. Manish Bhandari, as the Key Managerial Personnel (KMPs) authorized to determine the materiality of events or information, effective July 24, 2026. This disclosure was made pursuant to Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also designated Mr. Onkarnath Banerjee, Company Secretary & Compliance Officer, as the single point of contact for these matters.

Key Managerial Personnel Authorized for Materiality

The following executives have been authorized to determine the materiality of events or information:

Single Point of Contact

Mr. Onkarnath Banerjee serves as the Company Secretary & Compliance Officer for Oracle Financial Services Software Limited. He is based at Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai 400 063, and can be reached at +91 22 6718 3000 or via email at investors-vp-ofss_in_grp@oracle.com .