Odyssey Corporation Limited has delivered impressive financial performance in Q3FY26, demonstrating significant profitability improvements despite revenue challenges. The company announced its unaudited financial results for the quarter ended December 31, 2025, showcasing strong operational efficiency and cost management.

Financial Performance Overview

The company's financial metrics reveal a mixed but largely positive performance across key parameters:

Operational Efficiency and Cost Management

Despite the decline in revenue from operations, Odyssey Corporation demonstrated exceptional cost management capabilities. The company's total expenses decreased significantly, contributing to improved profit margins. On a standalone basis, total expenses reduced to Rs. 992.43 lacs in Q3FY26 from Rs. 1,441.98 lacs in Q3FY24.

Key expense categories showed notable improvements:

• Purchase of Stock-in-Trade decreased to Rs. 1,049.91 lacs from Rs. 1,766.77 lacs
• Changes in inventories showed better management at Rs. (178.48) lacs
• Other expenses increased to Rs. 87.97 lacs from Rs. 29.46 lacs

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, reinforced the company's strong performance trajectory:

Earnings Per Share Performance

The company's earnings per share metrics reflected the improved profitability:

• Standalone basic EPS for Q3FY26: Rs. 0.28 (vs Rs. 0.07 in Q3FY24)
• Standalone diluted EPS for Q3FY26: Rs. 0.21 (vs Rs. 0.03 in Q3FY24)
• Consolidated basic EPS for Q3FY26: Rs. 0.26 (vs Rs. 0.04 in Q3FY24)

Fund Utilization and Corporate Governance

The company provided a comprehensive statement on fund utilization following its preferential issue. Odyssey Corporation raised Rs. 49,91,60,004 through the allotment of 3,56,54,286 equity shares at Rs. 5 each with a premium of Rs. 9 on November 6, 2024. The company has utilized Rs. 47,91,60,004 of the raised funds with no deviation from the stated objectives.

The funds are being utilized for:

• Working capital requirements
• Capital expenditure needs
• Business opportunities and strategic initiatives
• General corporate purposes

Board Approval and Audit Review

The Board of Directors, in their meeting held on January 30, 2026, approved these unaudited financial results. The meeting commenced at 5:00 p.m. and concluded at 5:45 p.m. ABN & Co. Chartered Accountants conducted a limited review of the financial results and expressed an unqualified opinion, confirming compliance with applicable Indian Accounting Standards and SEBI regulations.

Odyssey Corporation Limited has announced its unaudited financial results for the first quarter of the fiscal year 2026, ending June 30, 2025, showcasing a remarkable performance across key financial metrics.

Consolidated Financial Highlights

• Revenue Surge: Consolidated revenue skyrocketed to Rs. 938.39 crore, marking a substantial 356% increase from Rs. 205.63 crore in the same quarter of the previous year.
• Profit Growth: Consolidated profit before tax witnessed a significant rise, reaching Rs. 209.51 crore compared to Rs. 41.65 crore in the corresponding quarter last year.
• Operational Revenue: Revenue from operations saw an impressive growth, touching Rs. 783.65 crore, up from Rs. 106.01 crore in Q1 FY2025.

Standalone Performance

• Revenue: Standalone revenue grew to Rs. 793.14 crore from Rs. 205.63 crore year-over-year.
• Profit: Standalone profit before tax increased to Rs. 173.30 crore, up from Rs. 44.80 crore in the prior year's quarter.

Financial Results Overview

Key Drivers of Growth

The company's stellar performance can be attributed to:

1. Operational Efficiency: Significant increase in revenue from operations indicates improved operational performance.
2. Market Expansion: The substantial revenue growth suggests successful market penetration and expansion strategies.
3. Cost Management: Despite the revenue surge, the company has maintained efficient cost structures, leading to higher profitability.

Management Commentary

Hiten Mehta, Whole Time Director of Odyssey Corporation Limited, stated, "We are pleased to report an exceptional start to the fiscal year 2026. Our focus on operational excellence and strategic initiatives has yielded impressive results, as reflected in our robust revenue growth and improved profitability."

Board Meeting Details

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 11, 2025. The board meeting commenced at 5:00 PM and concluded at 5:30 PM.

Auditor's Review

ABN & Co., Chartered Accountants, conducted a limited review of the financial results for the quarter ended June 30, 2025, in accordance with regulation 33 of the SEBI (LODR) Regulations, 2015, and expressed an unqualified opinion.

Odyssey Corporation's impressive Q1 FY2026 results demonstrate the company's strong market position and effective business strategies. As the fiscal year progresses, stakeholders will be keen to observe if this growth trajectory can be sustained in the coming quarters.