Orient Technologies Q2 revenue grows 22% with strong services wins

Orient Technologies reported a 22.25% year-on-year increase in revenue for the second quarter of the 2026 financial year, reflecting notable growth in its services division. The Mumbai-based IT infrastructure services provider posted revenue from operations of INR 272.80 crore (USD $32.8 million) for Q2 FY26, up from INR 223.14 crore (USD $26.8 million) in the prior-year quarter.

Financial results

For the first half of the 2026 financial year, revenue stood at INR 485.37 crore (USD $58.4 million), a 30.48% increase over the same period in FY25. Half-year EBITDA reached INR 39.29 crore, up from INR 34.37 crore a year earlier. Profit before tax in H1 reached INR 33.31 crore, with profit after tax at INR 24.20 crore, and earnings per share at INR 5.81 for the half year.

Quarterly EBITDA was INR 21.96 crore, up from INR 20.72 crore in the year-ago quarter. Profit before tax for Q2 was INR 19.03 crore, with profit after tax at INR 14.17 crore and EPS at INR 3.40.

Business mix

Orient Technologies' revenue streams reflect a significant presence across multiple industry sectors. In Q2 FY26, the largest contributor was the mid-market and other businesses, including healthcare, manufacturing, real estate and logistics, making up 47.4% of operational revenue. Government and public sector undertakings represented 19.65%, banking and financial services 14.9%, telecommunication 13.11%, and IT-enabled services 4.94%.

Strategic project wins

The company reported several significant contract awards during the quarter. These included the completion of phase one of a VAT automation solution for the Government of Maharashtra's VAT-CST-PT Department. The project is valued at INR 18.69 crore and spans five years. Orient stated this framework could be extended to other states in India.

A foreign bank also selected Orient to deliver its regulatory reporting module on the cloud, alongside additional cloud services, in a three-year contract worth INR 25 crore. Orient will oversee the full implementation, ongoing management, and optimisation of the bank's regulatory reporting platform. According to the company, this model is potentially scalable to additional financial institutions.

Infrastructure contracts

In its core IT infrastructure services business, Orient secured agreements across various sectors. A global pharmaceutical company engaged Orient to implement a high-availability technology infrastructure using Dell Azure Stack, with a contract value exceeding INR 3.75 crore.

One of the Big Four consulting firms has contracted Orient for a technology refresh programme valued at INR 30 crore. Meanwhile, New India Assurance Company signed a three-year order for network, backup and storage device services across its data centres. The order is worth INR 30.81 crore.

Leadership perspective

"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.