Orient Technologies Limited reported strong Q1 results with total income up 43.65% to ₹2,144.85 crore. Revenue from operations increased 42.81% to ₹2,125.63 crore, while PAT grew 8% to ₹100.27 crore. The company secured several key contracts across sectors, with a robust order book of ₹414.40 crore. Orient Technologies announced its 28th AGM to be held on September 23 via video conferencing, with remote e-voting from September 20-22. The Board approved the interim dividend declared on November 11 as the final dividend for the previous financial year.
Orient Technologies released Q4 financial results showing mixed performance. Revenue increased 30% QoQ to ₹2.60 billion. EBIT grew 12.99% YoY to ₹174.00 million, but EBIT margin decreased to 6.69% from 7.43% YoY. Net profit rose 5.51% QoQ to ₹134.00 million.
02Apr 25
Orient Technologies Terminates Agreement with eProtect 360 Solutions, Calls Off Stake Acquisition
Orient Technologies Limited has terminated its teaming agreement with eProtect 360 Solutions Private Limited, canceling plans to acquire a 60% stake. The decision, made after due diligence revealed commercial and strategic issues requiring renegotiation, is not expected to have any material financial impact on Orient Technologies. The company's cautious approach to partnerships is evident in this move.
01Apr 25
Orient Technologies Terminates Agreement with eProtect 360 Solutions, No Material Financial Impact Expected
Orient Technologies Limited has ended its teaming agreement with eProtect 360 Solutions Private Limited, canceling plans to acquire a 60% stake. The decision came after due diligence revealed issues requiring renegotiation. Despite efforts, both parties couldn't agree on revised terms. Orient Technologies assures no material financial impact from this termination.
27Feb 25
Orient Technologies Partners with AWS India to Boost AI and GPU Services
Orient Technologies Ltd. has announced a strategic collaboration with Amazon Web Services (AWS) India to offer advanced GPU and AI services, supporting India's national AI mission. The partnership, announced on February 27, 2025, aims to leverage AWS's GPU technology and AI services, offering over 50% cost reduction and 25% greater energy efficiency. This collaboration aligns with the Ministry of Electronics and Information Technology's IndiaAI mission, aiming to accelerate AI development and position India as a global leader in AI innovation.