Magnum Ventures Ltd, Astron Paper & Board Mill Ltd, Salona Cotspin Ltd and Thomas Scott India Ltd are among the other losers in the BSE's 'B' group today, 25 November 2024.Orient Technologies Ltd lost 10.00% to Rs 395.6 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.35 lakh shares were traded on the counter so far as against the average daily volumes of 2.21 lakh shares in the past one month.Magnum Ventures Ltd crashed 9.53% to Rs 37.5. The stock was the second biggest loser in 'B' group.On the BSE, 31984 shares were traded on the counter so far as against the average daily volumes of 22213 shares in the past one month.Astron Paper & Board Mill Ltd tumbled 8.77% to Rs 17.9. The stock was the third biggest loser in 'B' group.On the BSE, 73683 shares were traded on the counter so far as against the average daily volumes of 71720 shares in the past one month.Salona Cotspin Ltd fell 5.40% to Rs 291.5. The stock was the fourth biggest loser in 'B' group.On the BSE, 27 shares were traded on the counter so far as against the average daily volumes of 335 shares in the past one month.Thomas Scott India Ltd slipped 4.99% to Rs 193.4. The stock was the fifth biggest loser in 'B' group.On the BSE, 6640 shares were traded on the counter so far as against the average daily volumes of 5597 shares in the past one month.Powered by Capital Market - Live

Sequentially, revenue increased by 49.92% while PAT surged by 62.20% in Q2FY25 over Q1FY25. The contribution to revenue from operations for each vertical stands as follows: Mid Market (53.89%), BSFI (19.62%), IteS (9.17%), Govt & PSU (8.15%), Communication (6.36%), Healthcare and Pharma (2.01%), and Manufacturing (0.80%). Mid-Market includes infrastructure, real estate, logistics, education, e-commerce, conglomerates, energy and service industries etc. Profit before tax stood at Rs 19.41 crore in the Q2FY25, up 57.9% year-on-year (YoY) and up 55.40% quater-on-quarter (QoQ). EBITDA was at Rs 20.72 crore during the quarter, up 47.68% YoY and 51.79% QoQ. The company's EBITDA margin stood at 9.21%. Total expenses rose 49% to Rs 204.35 crore in Q2 FY25 over Q2 FY24. During the quarter, employee benefits expense was at Rs 11.33 crore (up 5% YoY). Net cash outflow from operating activities declined to Rs 6.44 crore in Q2FY25 from a cash outflow of Rs 12.18 crore in Q2FY24. Orient Technologies is an IT provider specializing in innovative cloud and data management solutions for enterprises sector in India. Powered by Capital Market - Live

Orient Technologies announced that the Board of Directors of the Company at its meeting held on 11 November 2024, inter alia, have recommended the interim dividend of Rs 1.8 per equity Share (i.e. 18%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Orient Technologies rose 62.63% to Rs 15.06 crore in the quarter ended September 2024 as against Rs 9.26 crore during the previous quarter ended September 2023. Sales rose 49.35% to Rs 223.14 crore in the quarter ended September 2024 as against Rs 149.41 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales223.14149.41 49 OPM %8.428.17 - PBDT20.4813.53 51 PBT19.4112.28 58 NP15.069.26 63 Powered by Capital Market - Live

Orient Technologies will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Net profit of Orient Technologies rose 30.15% to Rs 9.28 crore in the quarter ended June 2024 as against Rs 7.13 crore during the previous quarter ended June 2023. Sales rose 27.32% to Rs 148.85 crore in the quarter ended June 2024 as against Rs 116.91 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales148.85116.91 27 OPM %8.859.05 - PBDT13.3410.06 33 PBT12.489.48 32 NP9.287.13 30 Powered by Capital Market - Live

Orient Technologies will hold a meeting of the Board of Directors of the Company on 13 September 2024.Powered by Capital Market - Live

The scrip was listed at Rs 290, exhibiting a premium of 40.78% to the issue price. So far, the stock has hit a high of 304.45 and a low of 285.10. On the BSE, over 5 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Orient Technologies was subscribed 151.71 times. The issue opened for bidding on 21 August 2024 and it closed on 23 August 2024. The price band of the IPO was fixed between Rs 195 to Rs 206 per share. The IPO comprised of a fresh issue of Rs 120 crore and offer for sale upto 46,00,000 equity shares. The net proceeds will be used towards acquisition of office premises situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai; funding capital requirements for purchase of equipment for setting up of network operating center (NOC) and security operation center (SOC) at the Navi Mumbai property; purchase of equipment and devices to offer devise-as-a-service (DaaS) offering; and general corporate purposes. Ahead of the IPO, Orient Technologies on 20 August 2024, raised Rs 64.42 crore from anchor investors. The board allotted 31.27 lakh shares at Rs 206 each to 5 anchor investors. Orient Technologies is an information technology (IT) solutions provider of products and solutions for specific areas within its business verticals. The business verticals include IT infrastructure comprising data center solutions and end-user computing; IT-enabled (ITeS) managed services, multi-vendor support services, IT facility management services, network operations center services, security services, and renewals; and cloud and data management services focused on migration of workload from data centers to cloud. The firm reported a net profit of Rs 41.45 crore and sales of Rs 602.89 crore for the twelve months ended on 31 March 2024.Powered by Capital Market - Live

The equity shares of Orient Technologies (Scrip Code: 544235) are listed effective 28 August 2024 and admitted to dealings on the Exchange in the list of ''T'' Group Securities. Powered by Capital Market - Live