Odyssey Technologies September-quarter profit falls to Rs 1.34 lakh

Odyssey Technologies Limited reported profit after tax of Rs 1.34 lakh for the quarter ended September 30, 2026, versus Rs 85.89 lakh a year earlier, as revenue from operations declined to Rs 5.6432 crore from Rs 6.7615 crore while total expenses remained at Rs 6.2775 crore.

How much did Odyssey Technologies' September-quarter profit fall?

Odyssey Technologies' profit after tax fell to Rs 1.34 lakh in the quarter ended September 30, 2026, from Rs 85.89 lakh in the quarter ended September 30, 2025. Profit before tax declined to Rs 2.77 lakh from Rs 1.153 crore, while basic earnings per share, or EPS, fell to Rs 0.01 from Rs 0.54. The statement reported no exceptional items in either quarter.

Revenue from operations fell by Rs 1.1183 crore year on year to Rs 5.6432 crore. Other income was Rs 66.20 lakh, compared with Rs 66.83 lakh a year earlier, resulting in total income of Rs 6.3052 crore versus Rs 7.4298 crore. The reduction in income was materially larger than the change in the total cost base.

The quarter also trailed the preceding quarter ended June 30, 2026, when Odyssey Technologies reported profit after tax of Rs 21.56 lakh and revenue from operations of Rs 5.7355 crore. September-quarter profit before tax of Rs 2.77 lakh was below Rs 29.78 lakh in June, while revenue decreased by Rs 9.23 lakh sequentially.

Why did Odyssey Technologies' quarterly earnings decline?

Odyssey Technologies' quarterly earnings declined because total expenses of Rs 6.2775 crore nearly matched total income of Rs 6.3052 crore in the September 2026 quarter. A year earlier, expenses were Rs 6.2668 crore against total income of Rs 7.4298 crore. That narrower difference reduced profit before tax to Rs 2.77 lakh from Rs 1.153 crore.

Employee-benefit expense, the largest reported cost line, was Rs 4.9221 crore, down from Rs 5.0713 crore a year earlier. Depreciation and amortisation expense decreased to Rs 37.34 lakh from Rs 44.08 lakh. Other expenses, however, increased to Rs 98.20 lakh from Rs 75.47 lakh, a rise of Rs 22.73 lakh.

Compared with the June 2026 quarter, total expenses rose to Rs 6.2775 crore from Rs 6.1402 crore even as revenue declined from Rs 5.7355 crore. Employee-benefit expense increased to Rs 4.9221 crore from Rs 4.7583 crore, while other expenses declined to Rs 98.20 lakh from Rs 1.0248 crore. Odyssey Technologies identified one reportable segment under Indian Accounting Standard 108, or Ind AS 108, and did not provide a segment-level revenue or profit split.

What do Odyssey Technologies' half-year results show?

Odyssey Technologies reported profit after tax of Rs 22.90 lakh for the half year ended September 30, 2026, compared with Rs 1.3974 crore in the corresponding prior-year half. Half-year basic EPS was Rs 0.15, versus Rs 0.88 in the half year ended September 30, 2025. Profit before tax decreased to Rs 32.55 lakh from Rs 1.8928 crore.

Revenue from operations for the six months was Rs 11.3787 crore, compared with Rs 12.7736 crore in the prior-year period. Total income fell to Rs 12.7432 crore from Rs 14.7771 crore, while total expenses increased to Rs 12.4177 crore from Rs 12.2843 crore. The filing therefore showed lower income alongside a higher six-month expense base.

Employee-benefit expense for the half year was Rs 9.6804 crore, down from Rs 9.815 crore a year earlier, and depreciation and amortisation was Rs 73.05 lakh versus Rs 86.44 lakh. Other expenses rose to Rs 2.0068 crore from Rs 1.6049 crore. The Rs 40.19 lakh increase in other expenses occurred alongside a Rs 1.3949 crore decline in revenue from operations.

What changed in Odyssey Technologies' balance sheet and cash flow?

Odyssey Technologies reported total assets of Rs 65.0327 crore as at September 30, 2026, compared with Rs 63.9945 crore as at March 31, 2025. Trade receivables increased to Rs 7.8213 crore from Rs 3.7444 crore, while other current assets rose to Rs 5.6745 crore from Rs 2.1716 crore. Total equity was Rs 58.0049 crore, compared with Rs 59.4084 crore at the prior year-end.

Current liabilities increased to Rs 6.1041 crore at September 30, 2026, from Rs 3.637 crore at March 31, 2025. Other current liabilities accounted for most of the movement, rising to Rs 5.8429 crore from Rs 3.4129 crore. Non-current deferred tax liabilities were Rs 92.37 lakh, compared with Rs 94.91 lakh.

The half-year cash-flow statement recorded net cash used in operating activities of Rs 6.7217 crore, compared with an outflow of Rs 4.4707 crore in the year-earlier half. It showed a Rs 4.0768 crore increase in trade receivables and a Rs 3.5029 crore increase in other current assets, partly offset by a Rs 2.4671 crore increase in trade payables and other liabilities. Net cash used in financing activities was Rs 1.5384 crore, including dividend paid of Rs 1.5542 crore.

What did Odyssey Technologies disclose about its dividend and results review?

Odyssey Technologies disclosed that a final dividend of Rs 1 per equity share with a face value of Rs 10 was paid on June 9, 2026. The half-year cash-flow statement recorded Rs 1.5542 crore of dividend paid, compared with Rs 1.5905 crore in the half year ended September 30, 2025. Paid-up equity share capital was Rs 15.9421 crore at September 30, 2026, versus Rs 15.9049 crore a year earlier.

The standalone results for the quarter and half year ended September 30, 2026 were subject to a limited review by the statutory auditors. Odyssey Technologies said its audit committee reviewed the results and its board approved and took them on record on November 4, 2026. The company also said the financial results were available on its website and the Bombay Stock Exchange website.

Conclusion

Odyssey Technologies' September-quarter figures show a sharp reduction in profit after tax to Rs 1.34 lakh from Rs 85.89 lakh, following a Rs 1.1183 crore year-on-year decline in revenue from operations. The half-year result showed the same pattern, with revenue declining to Rs 11.3787 crore and profit after tax decreasing to Rs 22.90 lakh while total expenses rose to Rs 12.4177 crore.

The filing leaves presentation matters for readers to watch in any subsequent clarification or disclosure. Its balance sheet lists cash and cash equivalents of Rs 36.8958 crore at September 30, 2026, while the cash-flow statement lists closing cash and cash equivalents of Rs 35.8958 crore; the balance sheet also lists total assets of Rs 65.0327 crore and total equity and liabilities of Rs 55.0327 crore.