Orient Technologies Limited has released the transcript of its post-results conference call for the first quarter ended June 30, 2026 (Q1FY27), disclosing a significant earnings turnaround and sequential revenue growth. The filing, submitted to the Bombay Stock Exchange and National Stock Exchange on August 19, 2026, provides detailed financial metrics and management commentary that were absent from the earlier disclosure on August 14, which only confirmed the availability of the audio recording.

Financial Highlights

On a consolidated basis, revenue from operations for Q1FY27 stood at ₹201.92 crore, marking a 9.7% increase on a quarter-on-quarter basis compared to ₹184.07 crore in Q4FY26. Operating profitability saw a sharper recovery, with EBITDA rising 161% to ₹15.42 crore from ₹5.91 crore in the previous quarter. This improvement expanded the EBITDA margin by 438 basis points to 7.57%, up from 3.19% in Q4FY26.

The company returned to positive net earnings, reporting a profit of ₹5.17 crore for the quarter, reversing a loss of ₹4.99 crore in Q4FY26. Consolidated earnings per share (EPS) turned positive at ₹1.13 per share, compared to a negative EPS of ₹1.09 in the preceding period.

| Metric | Q1FY27 | Q4FY26 | Change | | ---: | :--- | :--- | :--- | | Revenue from Operations | ₹201.92 crore | ₹184.07 crore | +9.7% QoQ | | EBITDA | ₹15.42 crore | ₹5.91 crore | +161% QoQ | | EBITDA Margin | 7.57% | 3.19% | +438 bps | | Net Profit/Loss | ₹5.17 crore | -₹4.99 crore | Turnaround | | EPS | ₹1.13 | -₹1.09 | Positive |

Business Overview and Order Book

Management highlighted an improving operating environment supported by better supply availability and greater pricing stability compared to Q4FY26. The company continues its strategic shift from project-led system integration toward an annuity-oriented model focused on managed services, cybersecurity, and cloud solutions.

During the quarter, Orient Technologies secured notable contracts, including a ₹20 crore engagement with a leading public sector insurance company and a ₹24 crore cloud deal with a general insurer. The total order book stood at approximately ₹375.43 crore as of the end of the quarter, comprising infrastructure deployment projects and cloud/managed services contracts. Management indicated that maximum billing from this order book is expected in Q3 and Q4 of FY27.

Segment Mix and Acquisitions

Revenue contribution by industry segment in Q1FY27 was diversified: BFSI accounted for 24.92%, mid-market and others for 44.06%, ITES for 16.82%, government and PSU for 12.29%, and telecommunications for 1.92%.

The company also provided updates on its recent acquisitions:

• Red Hut: A 100% acquisition that contributed ₹2.88 crore in top-line revenue and ₹50 lakh in profit before tax (PBT).
• Athena IT Solutions: In which Orient holds a 46% stake; contributed approximately ₹37 lakh in PBT.
• AIT Internet Services: Also held at 46%, contributing around ₹30 lakh in PBT.

Currently, annuity-based income constitutes 23% of total revenue, with the remainder being project-based. Management aims to increase the annuity share to 51% over the next three years through scaling of its NOC and SOC operations at Turbhe, Navi Mumbai.

Regulatory Compliance

The release of the earnings call transcript is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sayli Ashok Munj, Company Secretary and Compliance Officer, signed the filing. The document notes that in case of discrepancies, the audio recordings uploaded on August 10, 2026 will prevail.

What the Numbers Show

The sharp expansion in EBITDA margin (from 3.19% to 7.57%) outpaced the moderate revenue growth (9.7%), indicating significant operational leverage or a shift toward higher-margin service mixes in Q1FY27. With net profit turning positive and the order book robust at ₹375.43 crore, the company appears to be stabilizing after supply chain headwinds weighed on FY26 performance.

Orient Technologies returned to profitability in Q1FY26, reporting consolidated net profit of ₹517.22 lakh for the quarter ended June 30, 2026, reversing a net loss of ₹498.87 lakh in the corresponding quarter of FY25. The board met on August 12, 2026, and approved key leadership changes, including the appointment of Shailesh Mandani as Chief Financial Officer.

Financial performance

On a standalone basis, revenue from operations fell 6.2% YoY to ₹19,949.39 lakh, compared to ₹21,256.27 lakh in Q1FY25. Standalone net profit came in at ₹449.64 lakh, down from ₹1,002.68 lakh a year earlier. Total standalone expenses declined by ₹495.25 lakh YoY, driven by a reduction in purchase of stock-in-trade and direct expenses, which fell from ₹18,300.32 lakh to ₹17,593.66 lakh. The group's share of profit from associates contributed ₹31.05 lakh to the consolidated bottom line.

The table below summarises the standalone quarterly performance:

What the numbers show

A notable shift in segment contribution is visible in the standalone data. The IT Infrastructure & Application Services segment generated ₹10,240.45 lakh in revenue, exceeding the IT Infrastructure Solutions segment at ₹9,708.94 lakh. This mix shift towards service offerings coincided with the overall expense reduction, though it was insufficient to offset the decline in topline, resulting in a lower standalone net profit compared to Q1FY25.

Management changes

The board approved the following leadership appointments and changes, effective immediately:

• CFO appointment: Shailesh Mandani, a Chartered Accountant with over 15 years of experience, was named Chief Financial Officer. He previously led the company's IPO journey and finance transformation projects.
• Company Secretary: Sayli Munj, with over 10 years of experience including roles at Reliance Infrastructure and ETCO Industries, was appointed Company Secretary and Compliance Officer.
• Resignation: Renuka Patel stepped down as Interim Company Secretary to resume her duties as Deputy Company Secretary.

Balance sheet and IPO proceeds

As of June 30, 2026, Orient Technologies had utilised ₹7,333.00 lakh of its net IPO proceeds of ₹10,792.60 lakh. The unutilised amount of ₹3,459.60 lakh remains available, with ₹3,725 lakh temporarily invested in fixed deposits and ₹282 lakh held in IPO Public Escrow accounts. The company disclosed a contingent liability of ₹439.92 lakh related to vendor invoices for committed cloud infrastructure costs, pending commercial resolution.