Orient Technologies sees 22% revenue jump on project wins in Q2
Orient Technologies has reported 22.25% year-on-year revenue growth for the second quarter of its financial year 2026. The Mumbai-based IT infrastructure services provider posted quarterly revenue from operations of INR ₹2.73 billion, up from INR ₹2.23 billion in the same period last year.
Quarterly performance
The company recorded earnings before interest, tax, depreciation, and amortisation (EBITDA) of INR ₹219.6 million in Q2 FY26, compared to INR ₹207.2 million in the same quarter a year earlier. Profit before tax was INR ₹190.3 million, and profit after tax stood at INR ₹141.7 million for the quarter. Earnings per share for the quarter reached INR ₹3.40.
Segmental reporting showed that the mid-market and other sectors, including healthcare, manufacturing, infrastructure, education, and energy, among others, contributed 47.4% of operational revenue in Q2 FY26. The government and public sector accounted for 19.65%, banking, financial services, and insurance for 14.9%, telecommunications for 13.11%, and IT-enabled services for 4.94%.
First half overview
For the half-year ended September 30, 2025, Orient Technologies reported revenue from operations of INR ₹4.85 billion, a 30.48% increase from INR ₹3.72 billion in the first half of the previous year. EBITDA for the half reached INR ₹392.9 million, while profit before tax was INR ₹333.1 million and profit after tax was INR ₹242 million. Earnings per share for the first half came in at INR ₹5.81.
New projects
Orient Technologies highlighted several contract wins as signs of its expanding services and solutions portfolio. The firm recently completed Phase 1 of a VAT automation solution for the VAT-CST-PT Department of the Maharashtra government, as part of a project valued at INR ₹186.9 million over five years. The company said the model could be replicated across other Indian states.
In another key deal, a foreign bank has engaged Orient Technologies to deliver and manage a regulatory reporting module on the cloud, as well as other cloud services. The three-year contract is valued at approximately INR ₹250 million, covering implementation, management, and optimisation of the bank's regulatory reporting infrastructure.
IT infrastructure business
The company's core business of IT infrastructure solutions also added several significant contracts. A major pharmaceutical firm selected Orient Technologies to implement a high-availability technology infrastructure based on the Dell Azure Stack, in a deal worth over INR ₹37.5 million.
One of the large global consulting firms has given the company an order for a technology refresh programme, valued at INR ₹300 million. In addition, New India Assurance has contracted Orient Technologies to supply and maintain network, backup, and storage devices at its data centres. This three-year agreement is worth INR ₹308.1 million and covers all of the insurer's data centre infrastructure.
Services expansion
The company signalled a continued focus on strategic growth areas, particularly cloud and digital transformation services, alongside its traditional infrastructure business.
"We are pleased to report yet another quarter of consistent growth driven by our strong execution capabilities and deep customer partnerships. The 22% year-on-year growth in Q2 underscores the success of our strategic shift towards a services-led model while continuing to strengthen our traditional IT infrastructure business. Our recent wins in cloud, digital transformation, and government automation projects are a testament to the trust clients place in Orient's ability to deliver large-scale, mission-critical solutions. As we look ahead, we remain focused on innovation, operational excellence, and expanding our footprint across India to sustain this growth momentum," said Ajay Sawant, Chairman & Managing Director, Orient Technologies.
