Orbit Exports Approves Q2 Financial Results Declares Interim Dividend and Schedules Annual General Meeting
Orbit Exports Limited announced key outcomes from its Board of Directors meeting held on August 08, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The company also declared an interim dividend and outlined procedures leading up to its upcoming 43rd Annual General Meeting (AGM).The Board meeting approved both the standalone and consolidated unaudited financial results. These results were reviewed by the Statutory Auditors, M/s Nayan Parikh & Co, whose limited review report was also noted.
Financial Performance Highlights
The company's performance for the quarter ended June 30, 2026, showed specific figures across various operational areas. The unaudited standalone financial results are as follows:| Particulars | Quarter Ended June 30, 2026 (in Lakhs) | Quarter Ended March 31, 2026 (in Lakhs) | Quarter Ended June 30, 2025 (in Lakhs) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 751,515 | 450,407 | 630,045 | 2,147,336 |
| Other Operating Income | 13,733 | 9,435 | 116.06 | 42,905 |
| Total Income | 573,436 | 450,582 | 679,937 | 2,092,130 |
| Cost of Materials Consumed | 2,999.60 | 2,637.78 | 218,592 | 872,922 |
| Employee Benefits Expense | 908.08 | 903.09 | 79,532 | 352,755 |
| Finance Costs | 370 | 4,254 | 4,496 | 14,073 |
| Profit before Tax | 321,884 | 20,271 | 184,146 | 418,225 |
| Net Profit for the Period after Tax | 250,610 | 15,024 | 142,525 | 304,060 |
The consolidated unaudited results for the quarter ending June 30, 2026, showed a Total Revenue of 8,791.46 and Net Profit after tax of 246,274 (in Lakhs).
Corporate Governance and Appointments
During the Board meeting, several governance decisions were made:- Director Reappointment: The company recommended the re-appointment of Mrs. Anisha Seth, who is retiring by rotation. She was noted as a Promoter Director and has experience in textile manufacturing and sales, serving as the wife of Pankaj Seth, Chairman & Managing Director.
- Cost Auditor Approval: M/s Balwinder & Associates Cost Accountants were approved for re-appointment as the company's Cost Auditors for the financial year 2026-27.
Dividend Declaration and Shareholder Meetings
The Board of Directors declared a 1st Interim Dividend of 5%, equating to Rs 0.50 per equity share, based on a face value of Rs 10. The Record Date for determining entitlement for this dividend was set as August 31, 2026.Details regarding the upcoming shareholder meetings and voting mechanisms include:
| Event/Action | Key Details | Dates/Timeline |
|---|---|---|
| 43rd Annual General Meeting (AGM) | To be held via Video Conferencing or Audio-Visual Means. | Tuesday, September 29, 2026, at 17:00 Hours (IST) |
| E-Voting Cut-off Date | Deadline for members to vote remotely on resolutions. | Tuesday, September 22, 2026 |
| Remote E-Voting Period | Start and end times for electronic voting. | Thursday, September 24, 2026 (9:00 a.m.) to Monday, September 28, 2026 (5:00 p.m.) |
| Dividend Record Date | Date for identifying shareholders entitled to the interim dividend. | August 31, 2026 |
The Board also appointed CS Vyoma Desai of Abbas Lakdawalla & Associates LLP as the Scrutinizer to oversee remote e-voting and the AGM voting process. National Securities Depositories Limited was approved as the authorized agency to provide the e-voting platform.
Segment Reporting
The consolidated segment reporting for the Group is divided into Textile Business and Investments. The results before tax and interest show:| Segment | Q2 Revenue (June 30, 2026) | Total Profit/(Loss) Before Tax |
|---|---|---|
| Textile Business | 7,819.13 | 3,178.88 |
| Investments | 972.33 | 3,178.88 |
ORBTEXP Stock Price Movement
On Friday, Orbit Exports Limited shares edged higher to close at ₹252.72, reflecting a 0.42% gain as the stock finished the trading day. The equity traded amidst a volume of 115,783 shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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