Objectone reports Rs 24.67 lakh Q2 profit after year-earlier loss

Objectone Information Systems Limited reported a Rs 24.67 lakh profit for the quarter ended September 30, 2026, compared with a Rs 18.05 lakh loss a year earlier, as revenue from operations rose 18% to Rs 4.17 crore and total expenses declined to Rs 3.71 crore.

How did Objectone's September-quarter profit change?

Objectone reported net profit after tax of Rs 24.67 lakh in the quarter ended September 30, 2026, reversing the Rs 18.05 lakh net loss reported in the corresponding quarter ended September 30, 2025. The year-on-year change was a Rs 42.72 lakh improvement, while profit was also above the Rs 9.70 lakh reported in the quarter ended June 30, 2026.

Profit before tax was Rs 51.69 lakh in the September 2026 quarter, compared with a loss before tax of Rs 12.51 lakh a year earlier and profit before tax of Rs 12.65 lakh in the preceding June 2026 quarter. Objectone recorded total tax expense of Rs 27.02 lakh for September 2026, including current tax of Rs 13.82 lakh, deferred tax of negative Rs 76,000 and previous-year tax expense of Rs 13.96 lakh.

What happened to Objectone's revenue in the quarter?

Objectone's revenue from operations increased to Rs 4.17 crore in the quarter ended September 30, 2026, from Rs 3.54 crore in the year-earlier quarter, an increase of Rs 62.24 lakh, or about 18%. Revenue was also above the Rs 2.96 crore reported for the quarter ended June 30, 2026.

Other income was Rs 6.39 lakh in the September 2026 quarter, almost unchanged from Rs 6.41 lakh a year earlier and above Rs 5.74 lakh in the June 2026 quarter. Including other income, total income was Rs 4.23 crore, compared with Rs 3.61 crore in September 2025 and Rs 3.02 crore in June 2026.

The filing shows that the year-on-year profit reversal occurred alongside higher operating revenue rather than an increase in other income. The Rs 62.24 lakh increase in revenue from operations exceeded the Rs 2,000 year-on-year reduction in other income, taking total income up by Rs 62.22 lakh between the September 2025 and September 2026 quarters.

Did Objectone reduce expenses despite higher revenue?

Objectone's total expenses were Rs 3.71 crore in the quarter ended September 30, 2026, marginally below Rs 3.73 crore in the September 2025 quarter despite the increase in revenue from operations. The Rs 1.98 lakh reduction in expenses, combined with the Rs 62.22 lakh rise in total income, produced the Rs 64.20 lakh improvement in profit before tax.

Employee benefit expenses fell to Rs 1.69 crore from Rs 1.91 crore a year earlier, a reduction of Rs 21.82 lakh. Other expenses increased to Rs 2.01 crore from Rs 1.79 crore, while finance costs were Rs 36,000 compared with Rs 13.17 lakh in September 2025; depreciation and amortisation rose to Rs 13.88 lakh from Rs 12.43 lakh.

The September 2026 quarter also included a negative Rs 12.46 lakh change in inventory, compared with a negative Rs 22.13 lakh change in the September 2025 quarter. Against the immediately preceding June 2026 quarter, however, total expenses rose from Rs 2.89 crore to Rs 3.71 crore as revenue from operations increased from Rs 2.96 crore to Rs 4.17 crore.

What do Objectone's annual figures show?

Objectone reported profit after tax of Rs 84.05 lakh for the year ended March 31, 2026, compared with Rs 9.08 lakh for the year ended March 31, 2025. Revenue from operations rose to Rs 18.02 crore in the year ended March 2026 from Rs 14.50 crore in the preceding year, according to the annual comparative figures in the quarterly statement.

Total income for the year ended March 31, 2026 was Rs 18.29 crore, compared with Rs 14.78 crore for the year ended March 31, 2025. Total expenses were Rs 16.96 crore, versus Rs 14.55 crore, leaving profit before tax of Rs 1.33 crore in 2026 against Rs 22.76 lakh in 2025.

The annual comparison provides context for the September-quarter result: Objectone had already reported a higher annual profit in the year ended March 2026, while the September 2026 quarter moved from a year-earlier quarterly loss to a Rs 24.67 lakh profit. Basic and diluted earnings per share for the March 2026 year were Rs 0.80, compared with Rs 0.09 for March 2025.

What did the review report say about Objectone's results?

Objectone's September 2026 results are unaudited and were approved by its board on November 14, 2026, before submission under Regulation 33 of the Securities and Exchange Board of India listing regulations. The statement covers both the quarter ended September 30, 2026 and the period from April 1, 2026 to September 30, 2026.

P. Murali & Co., Objectone's statutory auditor, said that nothing had come to its attention to indicate that the statement did not disclose the required information or contained a material misstatement. The firm stated that its work was a limited review under Standard on Review Engagements 2410, which is less extensive than an audit and does not result in an audit opinion.

Objectone reported paid-up equity share capital of Rs 1.05 crore as at September 30, 2026, with a face value of Rs 10 per equity share. Its basic and diluted earnings per share were Rs 0.23 for the September 2026 quarter, compared with negative Rs 0.17 a year earlier, reflecting the reported shift from loss to profit.

Conclusion

Objectone's September 2026 quarter combined an 18% year-on-year rise in revenue from operations to Rs 4.17 crore with a Rs 1.98 lakh reduction in total expenses to Rs 3.71 crore. That combination moved profit before tax from a Rs 12.51 lakh loss to Rs 51.69 lakh profit and net profit from a Rs 18.05 lakh loss to Rs 24.67 lakh profit.

The filing does not disclose a revenue target, earnings forecast, operating plan or scheduled future corporate event. Future filings will therefore be needed to show whether quarterly revenue remains above Rs 4 crore and whether employee benefit expenses, at Rs 1.69 crore in September 2026 versus Rs 1.91 crore a year earlier, continue to affect the cost base.