Orient Technologies Ltd — Q3 FY26

Orient Technologies reported a weak Q3 FY26 with revenue of ₹200.10 Cr (down 4.17% YoY) and a net loss of ₹14.96 Cr, driven by semiconductor shortages, supply chain disruptions, and the loss of a large telecom client. EBITDA margin compressed sharply to 1.51% as the company honored fixed-price contracts despite rising component costs. Positively, the company secured a ₹15 Cr/quarter three-year managed services contract from Digital India Corporation and other deals totaling ~₹14 Cr. Management expects supply-side challenges to persist through FY27, but margins should normalize as old contracts expire and customers accept higher prices. The order book stands at ₹200 Cr for Q4. Key risk: continued semiconductor shortages and pricing pressure could delay margin recovery.