Oracle Financial Services Software532466Quarterly results
Board approves Q2 and H1 FY27 results; auditors' review conclusion unmodified
Board of Oracle Financial Services Software Ltd approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 19,066 | 17,888 | +6.6% | 31,252 | −39% |
| Total income | 19,721 | 18,551 | +6.3% | 32,028 | −38.4% |
| Profit before tax | 9,762 | 7,972 | +22.5% | 19,387 | −49.6% |
| Profit after tax | 7,024 | 5,461 | +28.6% | 14,155 | −50.4% |
| Total comprehensive income | 7,283 | 5,826 | +25% | 14,190 | −48.7% |
| Basic EPS | 80.66 | 62.84 | +28.4% | 162.59 | −50.4% |
- Profit after tax YoY change
- +28.6%
- Period
- September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- In quarter ended June 30, 2026, agreement with an existing customer: license revenue of ₹ 9,353 million and other income of ₹ 191 million recognized.
- Employee benefit expenses for three and six months ended Sep 30, 2026 include severance expenses of ₹ 353 million and ₹ 2,135 million respectively (consolidated).
- Mr. Makarand Padalkar resigned as MD & CEO effective end of July 23, 2026; Mr. Avadhut Ketkar appointed MD & CEO from July 24, 2026 (members' approval by postal ballot Oct 2, 2026).
- Mr. Andrew Mark Morawski appointed Non-Executive Non-Independent Director from July 22, 2026; Mr. Manish Bhandari appointed CFO from July 24, 2026.
The Board of Oracle Financial Services Software Ltd met on October 23, 2026, from 19:30 hours to 20:17 hours (IST) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Auditor's review
- The statutory auditors, M/s S R Batliboi & Associates LLP, Chartered Accountants, issued the Limited Review Reports on the results, and the review conclusion is unmodified.
- The results were reviewed by the Audit Committee and approved by the Board at the same meeting, and the documents are also placed on the company's website.
- These are interim results: they are reviewed, not audited.
Standalone results (figures as printed, in ₹ million)
- Revenue from operations for the quarter: 14,265, against 13,009 in the quarter ended September 30, 2025.
- Total income: 14,901; total expenses: 6,375; Profit before tax: 8,526; Net profit for the period: 6,275.
- Basic EPS: ₹ 72.06; Diluted EPS: ₹ 71.75.
- Six months ended September 30, 2026: Revenue from operations 39,934; Net profit for the period 19,911; Basic EPS ₹ 228.68.
Consolidated results (figures as printed, in ₹ million)
- Revenue from operations for the quarter: 19,066, against 17,888 in the quarter ended September 30, 2025.
- Total income: 19,721; total expenses: 9,959; Profit before tax: 9,762; Net profit for the period: 7,024.
- Basic EPS: ₹ 80.66; Diluted EPS: ₹ 80.32.
- Six months ended September 30, 2026: Revenue from operations 50,318; Net profit for the period 21,179; Basic EPS ₹ 243.24.
What sits inside the numbers
- The preceding quarter (ended June 30, 2026) as printed showed standalone Revenue from operations of 25,669 and Net profit for the period of 13,636; consolidated Revenue from operations was 31,252 and Net profit for the period 14,155.
- The update notes that in the quarter ended June 30, 2026 the company entered into an agreement with an existing customer for licensing of software products, transfer of personnel and provision of transition services, and recognised licence revenue of ₹ 9,353 million and other income of ₹ 191 million.
- Employee benefit expenses for the three and six month periods include severance expenses of ₹ 299 million and ₹ 1,450 million on a standalone basis, and ₹ 353 million and ₹ 2,135 million on a consolidated basis.
- A provision for employee benefit expense of ₹ 752 million standalone and ₹ 766 million consolidated was recorded for the year ended March 31, 2026, linked to the four Labour Codes notified by the Government of India on November 21, 2025.
Other points from the update
- During the three and six month periods ended September 30, 2026, the company allotted 29,878 and 66,884 equity shares respectively, of face value ₹ 5 each, on exercise of stock options by eligible employees.
- Net cash provided by operating activities for the half year was ₹ 22,154 million standalone and ₹ 28,537 million consolidated; cash and cash equivalents at the end of the period were 1,766 standalone and 16,150 consolidated.
- Senior appointments and changes are set out in the notes: Mr. Makarand Padalkar resigned as Managing Director and Chief Executive Officer with effect from the end of the day of July 23, 2026; Mr. Avadhut Ketkar was appointed Managing Director and Chief Executive Officer with effect from July 24, 2026; Mr. Manish Bhandari was appointed Chief Financial Officer with effect from July 24, 2026; and Mr. Andrew Markowski was appointed a Non-Executive, Non-Independent Director with effect from July 22, 2026.
How to read this
- The company reports in ₹ million, so 14,265 means ₹ 14,265 million, not ₹ 14,265.
- "Revenue from operations" is the income from the core business; "Total income" also includes other income such as finance income.
- "Net profit for the period" is the profit after tax, and EPS is the earnings per equity share of face value ₹ 5 each.
19,387 (₹ in million)Profit before tax, quarter
Consolidated Net profit for the period, quarter ended Sep 307,024 (₹ in million)
Profit after tax, latest quarter7,024 (₹ in million)
Profit after tax, year-ago quarter5,461 (₹ in million)
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More numbers
- Standalone Revenue from operations, quarter ended Sep 30, 202614,265 (₹ in million)
- Standalone Net profit for the period, quarter ended Sep 30, 20266,275 (₹ in million)
- Standalone Revenue from operations, six months ended Sep 30, 202639,934 (₹ in million)
- Standalone Net profit for the period, six months ended Sep 30, 202619,911 (₹ in million)
- Consolidated Revenue from operations, quarter ended Sep 30, 202619,066 (₹ in million)
- Consolidated Net profit for the period, quarter ended Sep 30, 20267,024 (₹ in million)
- Standalone Basic EPS, quarter ended Sep 30, 202672.06
- Total income, latest quarter19,721 (₹ in million)
- Total income, year-ago quarter18,551 (₹ in million)
- Total income, previous quarter32,028 (₹ in million)
- Total comprehensive income, latest quarter7,283 (₹ in million)
- Total comprehensive income, year-ago quarter5,826 (₹ in million)
- Total comprehensive income, previous quarter14,190 (₹ in million)
- Profit after tax, latest quarter7,024 (₹ in million)
- Profit after tax, year-ago quarter5,461 (₹ in million)
- Profit after tax, previous quarter14,155 (₹ in million)
- Revenue from operations, latest quarter19,066 (₹ in million)
- Revenue from operations, year-ago quarter17,888 (₹ in million)
- Revenue from operations, previous quarter31,252 (₹ in million)
- Profit before tax, latest quarter9,762 (₹ in million)
- Profit before tax, year-ago quarter7,972 (₹ in million)
- Profit before tax, previous quarter19,387 (₹ in million)
Source: BSE · 23 Oct 2026
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