Orbit Exports Reports Mixed Q2 FY26 Results, Appoints New Independent Director

2 min read     Updated on 16 Oct 2025, 04:19 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Orbit Exports Ltd released its Q2 FY26 results, showing a 3.24% decline in quarterly revenue to ₹5,718.73 lakhs, but a 10.86% increase in half-yearly revenue to ₹12,306.38 lakhs. Quarterly net profit decreased by 37.16% to ₹1,005.26 lakhs. The company received interest and power subsidies totaling ₹376.09 lakhs. Ms. Raveena Modi was appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval.

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*this image is generated using AI for illustrative purposes only.

Orbit Exports Ltd , a leading textile company, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance. The company also announced the appointment of Ms. Raveena Modi as a Non-Executive Independent Director.

Financial Performance

The company's consolidated financial results for Q2 FY26 show a decline in revenue but an increase in profitability compared to the same period last year.

Particulars (in ₹ lakhs) Q2 FY26 Q2 FY25 Change (%) H1 FY26 H1 FY25 Change (%)
Revenue from Operations 5,718.73 5,910.32 -3.24% 12,306.38 11,100.74 10.86%
Net Profit After Tax 1,005.26 1,599.72 -37.16% 2,506.11 2,580.49 -2.88%

Despite the quarterly decline, the half-yearly results show a positive trend in revenue growth.

Standalone Performance

On a standalone basis, Orbit Exports reported the following results:

Particulars (in ₹ lakhs) Q2 FY26 Q2 FY25 Change (%) H1 FY26 H1 FY25 Change (%)
Revenue from Operations 5,272.06 5,753.38 -8.37% 11,572.51 10,681.07 8.35%
Net Profit After Tax 902.05 1,578.27 -42.84% 2,327.30 2,501.07 -6.95%

Other Financial Highlights

  • The company's other income for Q2 FY26 included ₹277.79 lakhs from Interest Subsidy and ₹98.30 lakhs from Power Subsidy, which were approved for earlier periods under relevant state government policies.
  • Orbit Exports also received a capital subsidy of ₹54.59 lakhs under the ATUF Scheme, which is being recognized over the useful life of the relevant assets.

Appointment of New Independent Director

The Board of Directors has appointed Ms. Raveena Modi as a Non-Executive Independent Director, effective from October 07, 2025, for a five-year term concluding on September 26, 2030. This appointment is subject to shareholder approval.

Ms. Modi brings over nine years of experience in corporate and commercial litigation, insolvency and bankruptcy proceedings, regulatory compliance, and real estate advisory. She is an LL.B. graduate from Government Law College, Mumbai, and a qualified Company Secretary with a background in Accounting and Finance.

Management Commentary

While the company did not provide specific management commentary in the disclosed information, the financial results indicate resilience in the face of challenging market conditions, particularly evident in the half-yearly performance.

Orbit Exports continues to focus on its core textile business while also maintaining a diversified investment portfolio, as reflected in its segment reporting.

The appointment of Ms. Raveena Modi as an Independent Director suggests the company's commitment to strengthening its corporate governance and bringing diverse expertise to its board.

Investors and stakeholders will be watching closely to see how Orbit Exports navigates the current market dynamics and leverages its strengths to drive growth in the coming quarters.

Historical Stock Returns for Orbit Exports

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Orbit Exports Clarifies Appointment Details of Ms. Raveena Modi as Director

1 min read     Updated on 14 Oct 2025, 08:23 PM
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Reviewed by
Riya DeyScanX News Team
Overview

Orbit Exports Limited issued a corrigendum to correct details about Ms. Raveena Modi's appointment as a director. Initially reported as a Non-Executive Independent Director, Modi will start as a Non-Executive Director from September 27, 2025, transitioning to an Independent Director upon registration in the Independent Directors Data Bank. Her 5-year term, subject to member approval, ends September 26, 2030. Modi, with over 9 years of experience in corporate law and compliance, holds an LL.B. and is a qualified Company Secretary.

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*this image is generated using AI for illustrative purposes only.

Orbit Exports Limited has issued a corrigendum to clarify the appointment details of Ms. Raveena Modi as a director of the company. The correction addresses an inadvertent error in the initial filing regarding the effective date and category of Modi's appointment.

Key Details of the Appointment

Aspect Details
Name Ms. Raveena Modi (DIN: 11041551)
Initial Appointment Non-Executive Director (effective September 27, 2025)
Transition To Independent Director upon registration in Independent Directors Data Bank (IDDB)
Term 5 years (September 27, 2025 to September 26, 2030)
Approval Subject to member approval

Professional Background

Ms. Raveena Modi brings a wealth of experience to Orbit Exports:

  • Education: LL.B. from Government Law College, Mumbai; Qualified Company Secretary
  • Experience: Over 9 years in corporate and commercial litigation, insolvency proceedings, and regulatory compliance
  • Expertise: Legal risk management, governance, and strategic advisory
  • Notable Contribution: Participated in SEBI's Working Group, contributing to regulatory policy

Correction Details

The company initially reported Modi's appointment as an Additional Director in the category of "Non-Executive Independent Director" effective September 27, 2025. However, the corrected information states:

  1. Modi is appointed as an Additional Director in the "Non-Executive" category from September 27, 2025.
  2. She will transition to an Independent Director role upon her registration in the Independent Directors Data Bank.
  3. Her five-year term as a director will conclude on September 26, 2030, subject to member approval.

Company's Statement

Orbit Exports emphasized that this corrigendum is filed to ensure accurate disclosure in compliance with the Companies Act, 2013 and SEBI LODR Regulations. The company has requested that the earlier filing be treated as superseded to the extent of the stated corrections.

This clarification underscores Orbit Exports' commitment to transparency and regulatory compliance in its corporate governance practices. Shareholders and potential investors should take note of this updated information regarding the company's board composition and director appointments.

Historical Stock Returns for Orbit Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+6.60%-1.40%+15.92%+21.51%+14.54%+275.88%
Orbit Exports
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