Orbit Exports Reports 53% Jump in Q1 Net Profit to 150 Crore Rupees
Orbit Exports Limited reported strong Q1 financial results with consolidated net profit increasing by 53% year-on-year to 150 crore rupees. Revenue grew by 27% to 659 crore rupees. EBITDA rose by 25% to 189 crore rupees, though the EBITDA margin slightly decreased to 28.75%. The textile business segment remained the primary revenue driver. The company's Board recommended the re-appointment of Mr. Varun Daga as a Non-Executive, Non-Independent Director.
15Jul 25
Orbit Exports to Acquire 26% Stake in K&H Construction for Solar Power Project
Orbit Exports Limited plans to acquire a 26% stake in K&H Construction Private Limited for up to 75 lakhs rupees. The acquisition is part of Orbit Exports' strategy to develop a 2MW Solar Captive Generating Plant in south Gujarat, expected to be completed by March 2026. This move aims to reduce the company's carbon footprint and achieve cost savings through captive power consumption. K&H Construction, incorporated in 2011, specializes in solar power generation but currently has no turnover.
Orbit Exports Ltd. reported a 17.86% increase in net profit to ₹66.00 crore and a 14.25% rise in revenue to ₹497.00 crore for Q4 FY2023. The company's EBITDA margin improved to 23.11%. Additionally, Orbit Exports allotted 41,500 equity shares under its employee stock option scheme and plans to establish a wholly-owned subsidiary in Dubai, UAE.