Orient Technologies posts sharp rise in quarterly EBITDA

Orient Technologies reported consolidated first-quarter results showing higher revenue and a sharp rise in EBITDA, while earnings per share returned to positive territory.

Revenue from operations rose to ₹201.92 crore from ₹184.07 crore in the previous quarter, while EBITDA increased to ₹15.42 crore from ₹5.91 crore. EBITDA margin widened to 7.57% from 3.19%, and earnings per share improved to ₹1.13 from negative ₹1.09.

The figures point to a stronger start to the financial year after a weaker preceding quarter, with profit growth outpacing the increase in sales. Orient Technologies also disclosed an order book of ₹375.43 crore to be billed during the current financial year.

Quarterly gains

The quarter showed a clear improvement in operating profitability. The 438 basis-point expansion in EBITDA margin was among the most notable changes, indicating that higher revenue was accompanied by better cost absorption and margin recovery.

EPS turned around by ₹2.22 a share on a sequential basis, returning the company to positive earnings after the prior quarter's per-share loss.

Alongside the financial update, the group outlined business wins across several industry segments. These included a ₹20 crore engagement with a public-sector insurance company and a ₹24 crore cloud engagement with a general insurance company.

The latest contracts add to activity in banking, financial services and insurance, while extending work in professional services, digital commerce and financial infrastructure. The mix suggests the company is relying on larger enterprise projects to support near-term revenue.

Enterprise focus

Management highlighted insurance and financial services as key areas for recent order intake. The two deals cited for the quarter were both linked to insurance customers, one in enterprise technology and the other in cloud services.

The engagements reflect demand for digital infrastructure, cloud, networking and managed technology services. The company has been expanding its work across these categories as customers consolidate spending with suppliers able to cover multiple areas of information technology operations.

The order book offers some visibility for the rest of the year. At ₹375.43 crore, it represents business expected to be billed during FY27 and provides a measure of contracted work already in hand.

Leadership changes

The board also made two senior appointments in finance, governance and compliance. Shailesh G. Mandani was appointed Chief Financial Officer, while Sayli Munj was appointed Company Secretary and Compliance Officer.

Mandani previously held senior finance leadership roles within the business and worked on strategic initiatives, including the company's initial public offering process. Munj brings more than a decade of experience in legal and secretarial compliance, including advisory and secretarial support for an initial public offering.

The appointments come as the listed company seeks to strengthen internal controls and corporate governance while scaling operations. Stronger financial and compliance oversight can be important for mid-sized technology companies managing growth, customer contracts, and public-market reporting requirements simultaneously.

Ajay Sawant, Chairman & Managing Director, Orient Technologies, said: "Q1 FY27 marked a strong sequential improvement in our performance, with revenue growing 9.7% while EBITDA increased 161%, resulting in a 438 basis-point expansion in EBITDA margin. The quarter also delivered a clear earnings turnaround, with EPS moving from a loss of ₹1.09 in Q4 FY26 to a positive ₹1.13 in Q1 FY27. Our performance reflects continued business momentum alongside a significant improvement in operating profitability. The enterprise engagements secured across insurance, financial services, professional services and digital commerce further demonstrate the relevance of our integrated capabilities and our ability to address increasingly complex technology requirements.

"During the quarter, we also strengthened our managed services proposition through OHMS 2.0, the next evolution of Orient's managed services framework. OHMS 2.0 is designed to help enterprises move from fragmented IT management towards a more integrated, proactive and outcome-driven operating model. By bringing together infrastructure management, cloud operations, cybersecurity and service management capabilities, we aim to provide customers with greater visibility, operational resilience and efficiency across increasingly complex IT environments. Cybersecurity continues to be a strategic growth area for Orient Technologies as enterprises face an expanding threat landscape and increasing regulatory and operational complexity.

"We are strengthening our capabilities across cybersecurity and digital forensics while integrating security more deeply across infrastructure, cloud and managed services. Our focus is on helping customers move beyond point solutions towards a more comprehensive security posture built around prevention, visibility, resilience and continuous protection. As we move through FY27, we remain focused on disciplined execution, expanding our services-led portfolio, deepening strategic technology partnerships and building capabilities in areas where enterprise technology spending is evolving. Our objective remains clear: to deliver sustainable, profitable growth while creating long-term value for our customers, partners and shareholders."