Orient Technologies Sees Strong Q1 FY25 Results from Strategic Partnerships

Orient Technologies Limited reported a robust financial performance for the quarter ending June 30, 2024, demonstrating continued growth and strategic progress. The company’s revenue surged by 27.32% YoY to ₹14,884.68 lakhs, driven by strong execution and new business wins.

Key Financial Highlights

• Revenue: ₹14,884.68 lakhs (up 27.32% YoY)
• EBITDA: ₹1,365.22 lakhs (up 28.56% YoY)
• PAT: ₹928.42 lakhs (up 30.21% YoY)
• EPS: ₹2.59 per share (up 27.24% YoY)

Strategic Partnerships

• Orient Technologies & Tableau: Enhanced data visualisation capabilities through interactive dashboards.
• Orient Technologies & Check Red: Strengthened cybersecurity offerings with threat intelligence and detection solutions.

Significant Wins

• Data Center Refresh: Modernized primary and disaster recovery data centres for a large financial institution.
• VDI Deployment: Implemented a virtual desktop infrastructure for a public sector organisation.

These strategic partnerships and major wins have positioned Orient Technologies for continued growth and success in the coming year. The company’s strong financial performance and focus on innovation are expected to drive value for its shareholders and customers.

Ajay Sawant, Chairmen and Managing Director, commented: “We are strategically positioned to leverage the growing opportunities in the cloud and data security sectors. Our focus is on scaling our offerings, fostering customer-centric innovations, and delivering long-term value for our stakeholders. The performance this quarter highlights the resilience of our business model and the strong demand for our diverse services and solutions. By investing significantly in innovation and expanding our service portfolio, we are reinforcing our leadership in the industry and addressing the evolving needs of our customers.”  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.