2024 Listed Company Posts 62 Per Cent Surge in PAT, Stock Hits Fresh All-Time High
The company’s profit after tax (PAT) for Q2 FY25 surged by 62.2 per cent, reaching Rs 15.06 crore, up from Rs 9.28 crore in Q1 FY25.
Orient Technologies Ltd, a leading IT solutions provider, has delivered strong results for the second quarter of FY25, with its shares soaring 15.5 per cent to Rs 449.65 on the NSE during intra-day trading. This surge comes on the back of impressive financial performance, marking a significant 48.85 per cent growth in total income year-on-year (YoY).
Financial Performance
The company’s total income for Q2 FY25 reached Rs 225.07 crore, up from Rs 151.21 crore in Q2 FY24. Revenue from operations also saw a substantial rise of 49.36 per cent, reaching Rs 223.14 crore compared to Rs 149.40 crore in the same period last year.
Orient Technologies reported a notable increase in its earnings before interest, tax, depreciation, and amortization (EBITDA), which grew by 47.68 per cent to Rs 20.72 crore, compared to Rs 14.03 crore in Q2 FY24. However, the EBITDA margin saw a slight contraction, down 19 basis points to 9.21 per cent from 9.4 per cent in the previous year.
The company’s profit after tax (PAT) for Q2 FY25 surged by 62.2 per cent, reaching Rs 15.06 crore, up from Rs 9.28 crore in Q1 FY25. This resulted in a PAT margin of 6.69 per cent. Furthermore, the earnings per share (EPS) stood at Rs 4.15 for Q2 FY25, reflecting a YoY increase of 57.8 per cent from Rs 2.63 in Q2 FY24.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About Orient Technologies
Incorporated in 1997, Orient Technologies Limited is an IT solutions provider headquartered in Mumbai, specializing in IT infrastructure, IT-enabled services (IteS), and cloud and data management services. The company went public on August 28, listing at Rs 290 on the BSE and Rs 288 on the NSE.
Stock Performance
The company's shares have gained significant momentum since their listing. Trading at Rs 417.65 by mid-afternoon on Tuesday, Orient Technologies’ stock has appreciated by about 103 per cent from its IPO price of Rs 206. Company currently has a market capitalization of Rs 1,741 crore.
Disclaimer: This article is for informational purposes only and not investment advice