Financial Performance Overview

Odyssey Technologies Limited reported its unaudited standalone financial results for the quarter ended September 30, 2026, and half year ended September 30, 2026. The results were reviewed by the statutory auditors, approved by the audit committee, and taken on record by the Board of Directors at their meeting held on November 4, 2026.

Quarterly Performance (Q2 FY2026 vs Q2 FY2025)

  • Revenue from operations: ₹564.32 lakhs (Q2 FY2026) vs ₹676.15 lakhs (Q2 FY2025) - decline of 16.5%
  • Other income: ₹66.20 lakhs vs ₹66.83 lakhs
  • Total income: ₹530.52 lakhs vs ₹742.98 lakhs
  • Employee benefits expense: ₹492.21 lakhs vs ₹507.13 lakhs
  • Depreciation and amortization: ₹37.34 lakhs vs ₹44.08 lakhs
  • Other expenses: ₹98.20 lakhs vs ₹75.47 lakhs
  • Profit before tax: ₹2.77 lakhs vs ₹115.30 lakhs
  • Tax expense: Current tax ₹2.72 lakhs, Deferred tax benefit ₹(1.25) lakhs
  • Net profit: ₹1.34 lakhs vs ₹85.89 lakhs
  • Earnings per share (basic): ₹0.01 vs ₹0.54

Half Year Performance (H1 FY2026 vs H1 FY2025)

  • Revenue from operations: ₹1,137.87 lakhs (H1 FY2026) vs ₹1,277.36 lakhs (H1 FY2025)
  • Other income: ₹136.45 lakhs vs ₹140.35 lakhs
  • Total income: ₹1,274.32 lakhs vs ₹1,477.71 lakhs
  • Employee benefits expense: ₹968.04 lakhs vs ₹981.50 lakhs
  • Depreciation and amortization: ₹73.05 lakhs vs ₹86.44 lakhs
  • Other expenses: ₹200.68 lakhs vs ₹160.49 lakhs
  • Profit before tax: ₹32.55 lakhs vs ₹189.28 lakhs
  • Tax expense: Current tax ₹12.20 lakhs, Deferred tax benefit ₹(2.55) lakhs
  • Net profit: ₹22.90 lakhs vs ₹139.74 lakhs
  • Earnings per share (basic): ₹0.15 vs ₹0.88

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹6,503.27 lakhs (vs ₹6,399.45 lakhs as at March 31, 2025)
  • Property, plant and equipment: ₹768.16 lakhs
  • Other intangible assets: ₹396.55 lakhs
  • Trade receivables: ₹782.13 lakhs (increased from ₹374.44 lakhs)
  • Cash and cash equivalents: ₹3,689.58 lakhs (decreased from ₹4,332.55 lakhs)
  • Total equity: ₹5,800.49 lakhs (vs ₹5,940.84 lakhs)
  • Equity share capital: ₹1,594.21 lakhs (vs ₹1,590.49 lakhs)
  • Other equity: ₹4,206.28 lakhs (vs ₹4,350.35 lakhs)

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(672.17) lakhs
  • Net cash from investing activities: ₹123.04 lakhs
  • Net cash used in financing activities: ₹(153.84) lakhs
  • Net decrease in cash: ₹(642.97) lakhs
  • Cash at beginning: ₹4,332.55 lakhs
  • Cash at end: ₹3,689.58 lakhs

Significant Notes and Disclosures

1. The financial results have been prepared in accordance with Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013.

2. The Board recommended a final dividend of ₹1 per equity share (face value ₹10) for FY2025, which was approved by shareholders at the AGM held on June 3, 2026, and paid on June 9, 2026.

3. The company is engaged in 'software product license and related services' and has only one reportable segment in accordance with Ind-AS 108.

4. The results are available on the Bombay Stock Exchange website (www.bseindia.com/corporates) and the company's website (www.odysseytec.com/investors).

5. The independent auditors (Sekar & Co., Chartered Accountants) conducted a limited review and found no material misstatements in the financial results prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.