Oracle Financial Services Software Completes Leadership Transitions; Reports Q3 Performance

Oracle Financial Services Software Completes Leadership Transitions; Reports Q3 Performance​

Oracle Financial Services Software Limited announced several key appointments and a leadership transition following its Board of Directors meeting on July 22, 2026. The company also released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

The Board decisions included approving the appointment of Mr. Andrew Mark Morawski as an Additional Director. This position is Non-Executive and Non-Independent, liable to retire by rotation, subject to shareholder approval. The appointment followed a recommendation from the Nomination and Remuneration Committee.

Simultaneously, the company processed the resignation of Mr. Makarand Padalkar, Managing Director and Chief Executive Officer, effective July 23, 2026. The Board accepted his resignation, noting his contributions to the company.

In related leadership moves, the Board approved the appointment of Mr. Avadhut Ketkar, currently the Chief Financial Officer, as an Additional Director in the capacity of Managing Director and Chief Executive Officer. This role is set for a term of three consecutive years from July 24, 2026 up to July 23, 2029, pending shareholder approval. Furthermore, Mr. Manish Bhandari was approved for appointment as Chief Financial Officer (Key Managerial Personnel), effective July 24, 2026.

Board Committees Reconstituted​

The meeting also saw the approval of the reconstitution of several key Board committees, effective from July 24, 2026:

Q3 Financial Results Highlight Key Metrics​

The company released unaudited financial results for the three-month period ending June 30, 2026. The reports detail performance across both standalone and consolidated entities.

The following table summarizes the key operational and financial figures for the quarter ended June 30, 2026:


Financial Summary Details:

The standalone financials showed total income of 26,292 million against a revenue from operations of 25,669 million. The company recorded total expenses amounting to 8,082 million before tax and achieved a net profit for the period of 13,636 million.

The consolidated financial results reported Total Income at 32,028 million, with revenue from operations standing at 31,252 million. Consolidated Net Profit for the period was 14,155 million.

Operational and Segment Insights​

Several operational highlights were noted in the reports:

• New Business: During the three month period ended June 30, 2026, the Company recognized license revenue of 9,353 million and other income of 191 million from a new agreement with an existing customer for licensing of software products, transfer of personnel, and provision of transition services.
• Stock Options: The company allotted 37,006 equity shares during the three month period ended June 30, 2026, following the exercise of stock options by eligible employees under its ESOP schemes.

The segment revenue breakdown for the three-month period ending June 30, 2026 (in million) was:


Both the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026 were reviewed by the Audit Committee and approved by the Board of Directors.

OFSS Stock Price Movement​

Shares of Oracle Financial Services Software Limited on Wednesday slipped by 7.35% to settle at ₹10851 per share. The equity recorded a sharp decline, trading a total volume of 407,161 shares in the session.