Orient Tech. Q1 FY27 Results (NSE: ORIENTTECH)
Signal: Loss reversed
The read
The key inflection is sequential operating recovery: consolidated revenue rose 9.70% QoQ to ₹201.92 crore while EBITDA grew 161% QoQ to ₹15.42 crore and margin expanded 438bps to 7.57% after 2.43% in Q4FY26, but the thesis still needs confirmation because standalone revenue fell 6.1% YoY, consolidated YoY comparatives are unavailable and other income contributed 28.1% of PBT.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹201.92 Cr | N/A | +9.70% |
| EBIT | ₹8.41 Cr | N/A | |
| Net profit | ₹5.17 Cr | N/A | |
| EPS | ₹1.13 | N/A | |
| EBIT margin | 4.17% |
P&L walk
Consolidated revenue increased 9.70% QoQ to ₹201.92 crore while EBITDA rose 161% QoQ to ₹15.42 crore and EBITDA margin expanded 438bps to 7.57%; EBIT was ₹8.41 crore and PAT was ₹5.17 crore, although other income of ₹1.85 crore represented 28.1% of PBT.
Segments
No segment results table is disclosed; the consolidated result exceeded standalone EBITDA by ₹0.76 crore and PAT by ₹0.67 crore, indicating a modest positive subsidiary contribution.
Key positives
- Consolidated revenue reached ₹201.92 crore, up 9.70% QoQ, reversing the decline from ₹200.10 crore in Q3FY26 to ₹184.07 crore in Q4FY26.
- EBITDA increased 161% QoQ to ₹15.42 crore and EBITDA margin expanded 438bps QoQ to 7.57% from 3.19%, materially improving operating profitability.
- Order book stood at ₹375.43 crore as of June 30, 2026, billable during FY27, supported by ₹20 crore and ₹24 crore insurance-sector engagements.
- The company is expanding its managed-services proposition through OHMS 2.0 and prioritising cybersecurity, cloud and digital transformation capabilities.
Key concerns
- Standalone revenue declined 6.1% YoY to ₹199.49 crore, while standalone EBITDA fell 15.4% YoY to ₹14.66 crore and PAT fell 55.1% YoY to ₹4.50 crore.
- Consolidated YoY growth cannot be assessed because the filing/XBRL extract does not provide consolidated year-ago comparatives.
- The 7.57% consolidated EBITDA margin recovery is not yet validated by disclosed cost-line drivers, so durability of the 438bps sequential expansion remains uncertain.
Earnings quality: includes non-operating other income
Research and educational content only. Not investment advice.