Orient Technologies Q1FY26: net profit rebounds, Mandani named CFO
Orient Technologies reported consolidated net profit of ₹517.22 lakh in Q1FY26, reversing a net loss of ₹498.87 lakh in Q1FY25. Standalone revenue declined 6.2% YoY to ₹19,949.39 lakh, while standalone net profit stood at ₹449.64 lakh versus ₹1,002.68 lakh a year earlier. The board, meeting on August 12, 2026, appointed Shailesh Mandani as CFO and Sayli Munj as Company Secretary. As of June 30, 2026, ₹7,333.00 lakh of net IPO proceeds had been utilised, with ₹3,459.60 lakh remaining.

*this image is generated using AI for illustrative purposes only.
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:
| Metric | Q1FY26 | Q1FY25 | Change |
|---|---|---|---|
| Revenue from operations | ₹19,949.39 lakh | ₹21,256.27 lakh | -6.2% |
| Other income | ₹184.83 lakh | ₹192.20 lakh | -3.8% |
| Total expenses | ₹19,525.10 lakh | ₹20,020.35 lakh | -2.5% |
| Net profit | ₹449.64 lakh | ₹1,002.68 lakh | -55.2% |
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.
Historical Stock Returns for Orient Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.88% | -3.70% | -9.55% | -20.42% | -13.94% | 0.0% |
How will the appointment of Shailesh Mandani as CFO influence the company's capital allocation strategy for the remaining ₹3,459.60 lakh in unutilized IPO proceeds?
Given the 6.2% YoY revenue decline, what specific growth initiatives is management planning to reverse the topline contraction in Q2FY26?
What is the expected timeline for resolving the ₹439.92 lakh contingent liability regarding committed cloud infrastructure costs, and how might this impact future operating expenses?


































