Orient Technologies Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Sequentially, revenue increased by 49.92% while PAT surged by 62.20% in Q2FY25 over Q1FY25.

The contribution to revenue from operations for each vertical stands as follows: Mid Market (53.89%), BSFI (19.62%), IteS (9.17%), Govt & PSU (8.15%), Communication (6.36%), Healthcare and Pharma (2.01%), and Manufacturing (0.80%). Mid-Market includes infrastructure, real estate, logistics, education, e-commerce, conglomerates, energy and service industries etc.

Profit before tax stood at Rs 19.41 crore in the Q2FY25, up 57.9% year-on-year (YoY) and up 55.40% quater-on-quarter (QoQ). EBITDA was at Rs 20.72 crore during the quarter, up 47.68% YoY and 51.79% QoQ. The company’s EBITDA margin stood at 9.21%.

Total expenses rose 49% to Rs 204.35 crore in Q2 FY25 over Q2 FY24. During the quarter, employee benefits expense was at Rs 11.33 crore (up 5% YoY).

Net cash outflow from operating activities declined to Rs 6.44 crore in Q2FY25 from a cash outflow of Rs 12.18 crore in Q2FY24.

Orient Technologies is an IT provider specializing in innovative cloud and data management solutions for enterprises sector in India.

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Orient Technologies announced that the Board of Directors of the Company at its meeting held on 11 November 2024, inter alia, have recommended the interim dividend of Rs 1.8 per equity Share (i.e. 18%) , subject to the approval of the shareholders.

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Net profit of Orient Technologies rose 62.63% to Rs 15.06 crore in the quarter ended September 2024 as against Rs 9.26 crore during the previous quarter ended September 2023. Sales rose 49.35% to Rs 223.14 crore in the quarter ended September 2024 as against Rs 149.41 crore during the previous quarter ended September 2023.

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Orient Technologies will hold a meeting of the Board of Directors of the Company on 11 November 2024

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