Orient Technologies Limited , a leading IT Asset Lifecycle Management partner, has reported a robust financial performance for the first quarter, with significant growth across key metrics and strategic investments in cybersecurity.

Financial Highlights

The company's total income for Q1 stood at Rs. 214.48 crore, marking a substantial 43.65% year-over-year increase from Rs. 149.31 crore in the same quarter last year. Revenue from operations saw an impressive growth of 42.81%, reaching Rs. 212.56 crore.

Orient Technologies' profitability also showed improvement, with EBITDA rising by 26.91% to Rs. 17.33 crore. The company's profit after tax (PAT) increased by 8% to Rs. 10.03 crore, resulting in earnings per share of Rs. 2.41 for the quarter.

Sector-wise Revenue Contribution

The company's revenue is well-diversified across various sectors:

New Contract Wins and Order Book

Orient Technologies secured multiple contracts across diverse sectors in Q1, with a total order value of approximately Rs. 104.66 crore. Notable wins include:

• Rs. 16.00 crore order in the Device as a Service (DaaS) segment
• Rs. 28.66 crore contract for cloud-based email and office collaboration solutions in the public sector
• Rs. 18.00 crore order for implementing a VAT automation system for government departments
• Rs. 34.50 crore engagement for AI-based server infrastructure and enterprise endpoints for a leading technology firm
• Rs. 3.50 crore contract for networking and security solutions for a global enterprise
• Rs. 4.00 crore order for network security and endpoint protection solutions in the healthcare sector

These new contracts have bolstered the company's order book to Rs. 414 crore, scheduled for execution.

Strategic Investments and Business Restructuring

Orient Technologies is making significant investments to enhance its capabilities and service offerings:

1. The company is investing over Rs. 18 crore in building a Security Operating Center (SOC) and Network Operating Center (NOC), expected to be operational by the end of Q2.
2. The business has been restructured into two main lines:
   • IT Infrastructure Solutions
   • Application & IT Infrastructure Services

The company aims to achieve a 50-50 revenue split between these two segments in the future.

Management Outlook

While management anticipates margin pressure in Q1 and Q2 due to ongoing investments, they expect improvement from Q3 onwards. The company is focusing on expanding its Device as a Service (DaaS) offerings and aims to become one of the top five system integrators in India within the next three years.

Mr. Ajay Sawant, Chairman and Managing Director of Orient Technologies, commented during the earnings call, "We are investing significantly in our Security Operating Center and Network Operating Center, which we expect to be operational by the end of Q2. These investments, while putting pressure on our margins in the short term, are crucial for our long-term growth strategy, particularly in the cybersecurity space."

Orient Technologies' strong performance in Q1, coupled with its strategic investments and diverse order book, positions the company well for continued growth in the evolving IT services landscape.

Orient Technologies Limited, a leading IT solutions provider, has announced robust financial results for the first quarter, along with plans for its upcoming Annual General Meeting (AGM).

Financial Highlights

Orient Technologies reported impressive growth in Q1:

• Total Income surged by 43.65% year-over-year to ₹2,144.85 crore
• Revenue from Operations increased by 42.81% to ₹2,125.63 crore
• EBITDA grew by 26.91% to ₹173.25 crore
• Profit After Tax (PAT) rose by 8.00% to ₹100.27 crore
• Earnings Per Share (EPS) stood at ₹2.41

Segment-wise Revenue Contribution

The company's revenue from operations for Q1 was distributed across various sectors:

*Includes healthcare, manufacturing, infrastructure, real estate, logistics, education, e-commerce, conglomerates, energy, and service industries.

Strategic Wins and Expansion

Orient Technologies secured several significant contracts during the quarter:

• A ₹28.66 crore contract for cloud-based email and office collaboration solutions in the public sector
• An ₹18.00 crore project for implementing a VAT automation system
• A ₹34.50 crore contract for AI server infrastructure and enterprise endpoints for a leading technology firm
• A ₹3.50 crore networking and security solutions contract for a global enterprise
• A ₹4.00 crore project for network security and endpoint solutions in the healthcare sector

The company also reported strong growth in its Device-as-a-Service (DaaS) offerings, securing ₹16.00 crore in contracts across various sectors including energy, transportation, logistics, e-commerce, healthcare, and education.

Cloud Business Growth

Orient Technologies experienced substantial expansion in its cloud services portfolio, driven by key contracts in cloud collaboration, cloud infrastructure, and cloud-based application management.

Order Book and Future Outlook

The company reported a robust order book of ₹414.40 crore for the remainder of the fiscal year, with ₹178.72 crore scheduled for billing by September 30. This strong pipeline positions Orient Technologies for sustained growth in the coming quarters.

28th Annual General Meeting

Orient Technologies announced that its 28th Annual General Meeting will be held on Tuesday, September 23, at 4:00 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key details include:

• Cut-off date for member eligibility: September 12
• Remote e-voting period: September 20-22
• Mr. Alwyn D'Souza appointed as Scrutinizer for the e-voting process

Dividend Announcement

The Board of Directors approved the interim dividend declared on November 11 as the final dividend for the previous Financial Year.

Orient Technologies continues to strengthen its position in the IT solutions market, focusing on cloud services, DaaS offerings, and strategic partnerships across various sectors. With its strong financial performance and robust order book, the company is well-positioned for future growth in the evolving digital landscape.