Synopsis:
Orbit Exports plunged sharply after it reported Q2 FY26 revenue of Rs 58 crore, down 3% YoY and 13% QoQ. Net profit also declined 38% YoY to Rs 10 crore and fell 33% QoQ.
The shares of this leading textile manufacturer are in focus after it reported a stellar financial performance in this quarter. In this article, we will dive more into the details of its performance.
With a market capitalization of Rs 539 crore, the shares of Orbit Exports Ltd made a day low of Rs 201.10 per share, down by 8 percent from its previous day closing price of Rs 217.85 per share. Over the past five years, the stock has delivered a robust return of 248 percent, outperforming NIFTY 50’s return of 118 percent.
Also read: NBFC stock jumps 7% after reporting 70% YoY increase in net profits
Q2 Highlights
Orbit Exports has reported an operating revenue of Rs 58 crore in Q2 FY26, representing a 3 percent decline compared to Rs 60 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 13 percent from Rs 67 crore.
Regarding its profitability, it reported a net profit of Rs 10 crore in Q2 FY26, a decline of 38 percent as compared to Rs 16 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 33 percent from Rs 15 crore.
Originating as a weaving company in 1983, Orbit Exports Limited is ranked among the top five textile exporters in India. The company produces an extensive range of goods such as casual wear for women, home décor, festive and occasion-specific fabrics, and fabrics made up of textile yarns.
The company has is presence far beyond India, penetrating markets in the USA, the Middle East, Latin America, Africa, Europe, South East Asia, and the Far East as well.
Written by Satyajeet Mukherjee
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