Omega Interactive Technologies Ltd (511644)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Omega Interactive's revenue was ₹78.3 Cr, and net profit ₹5.2 Cr; the operating margin was 8.5%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹78.3 | — | — |
| Operating profit | ₹6.6 | — | — |
| Net profit | ₹5.2 | — | — |
| EPS (₹) | 0.63 | — | — |
| Operating margin | 8.5% | — | — |
📢 Recent Corporate Announcements
Omega Interactive Technologies submitted a revised board meeting outcome correcting clerical errors from its September 5, 2026 meeting. The 32nd Annual General Meeting (AGM) has been scheduled for September 29, 2026, to be held via Video Conference. Key agenda items include approving the appointment of M/s. Sarang Shivajirao Chavan and Associates as Statutory Auditors for a 5-year term ending at the 37th AGM in 2030-31. Additionally, the company approved shifting its registered office from Andheri, Mumbai (RoC Mumbai) to New Panvel (RoC Pune), subject to shareholder and regulatory approvals.
- 32nd AGM scheduled for Tuesday, September 29, 2026, at 03:00 PM via Video Conference
- Proposed appointment of M/s. Sarang Shivajirao Chavan and Associates as Statutory Auditors for a 5-year tenure up to AGM 2030-31
- Approval to shift Registered Office from Andheri East, Mumbai (RoC Mumbai) to New Panvel East (RoC Pune)
- M/s SCS and Co LLP appointed as Scrutinizer for conducting the AGM e-voting process
The Board of Directors of Omega Interactive Technologies has approved an enabling proposal to raise funds up to ₹200 crore in one or more tranches via the issuance of equity shares. Key details including issue size, issue price, number of shares, and specific objects of the issue will be finalised in an ensuing board meeting. The proposed fundraise of ₹200 crore is massive relative to the company's reported net worth of ₹70 crore (~286%), pointing to significant potential equity dilution. The transaction remains subject to necessary shareholder approvals.
- Board approved fundraising of up to ₹200 crore via equity shares in one or more tranches
- Issue price, share count, and utilisation of funds to be determined at an ensuing board meeting
- Fundraise is subject to the approval of company shareholders
- Proposed ₹200 crore raise represents ~286% of existing net worth (₹70 crore)
Omega Interactive Technologies has postponed its board meeting from July 31, 2026, to August 20, 2026. The company stated the delay is necessary to allow the board adequate time to review strategic business plans, long-term growth opportunities, and financial planning. This review is critical as the company faces a 77.22% decline in core software revenue (to just Rs 2.05 Lacs) and a massive 5,253.28% increase in finance costs. Furthermore, promoter holding has recently plummeted from 24.22% to 7.94%, raising concerns about management commitment.
- Board meeting rescheduled from July 31, 2026, to August 20, 2026
- Promoter holding dropped from 24.22% in March 2026 to 7.94% in April 2026
- Core software revenue declined 77.22% to a minimal Rs 2.05 Lacs
- Finance costs increased by 5,253.28% as per latest financial context
- Net worth stands at Rs 70 Cr despite operational challenges
Omega Interactive Technologies approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, during its board meeting on July 29, 2026. The company also announced the appointment of two new Non-Executive Non-Independent Directors, Mr. Lokesh Kumar and Mr. Rahul Ratra, effective immediately. These appointments are subject to subsequent shareholder approval. The filing confirms that the board composition remains in compliance with the Companies Act, 2013, and SEBI Listing Regulations.
- Board approved unaudited financial results for the quarter ended June 30, 2026
- Appointment of 2 new Non-Executive Non-Independent Directors (Additional)
- Board meeting held on July 29, 2026, following a prior notice on July 24, 2026
- Appointments of Mr. Lokesh Kumar and Mr. Rahul Ratra are effective from July 29, 2026
Omega Interactive Technologies reported a strong start to FY27 with Q1 revenue reaching ₹77.55 Cr, a 268% increase from ₹21.04 Cr in Q1 FY26. Net profit for the quarter stood at ₹4.36 Cr, nearly doubling from ₹2.21 Cr in the previous year's corresponding quarter. The company's paid-up equity capital significantly increased to ₹7.90 Cr from ₹2.59 Cr, primarily due to the conversion of share warrants. Alongside results, the company announced a board reshuffle with two director appointments and two resignations.
- Revenue from operations surged 268.6% YoY to ₹77.55 Cr from ₹21.04 Cr.
- Net profit grew 97.3% YoY to ₹4.36 Cr compared to ₹2.21 Cr in Q1 FY26.
- Paid-up equity capital increased by 205% to ₹7.90 Cr following warrant conversions.
- Direct costs and purchases accounted for 92.3% of total revenue, standing at ₹71.57 Cr.
- Board underwent a major change with the appointment of two new directors and the resignation of two others.
Omega Interactive reported a massive 268% YoY surge in Q1 FY27 revenue to ₹77.55 Cr, which represents over 50% of its total FY26 revenue. Net profit grew 97% YoY to ₹4.36 Cr, although margins remain thin with direct costs consuming 92% of revenue. A significant development is the 205% increase in paid-up equity capital to ₹7.90 Cr due to warrant conversions, which will lead to substantial EPS dilution. The board also saw a reshuffle with two new director appointments and two resignations.
- Revenue from operations surged 268% YoY to ₹77.55 Cr compared to ₹21.04 Cr in Q1 FY26.
- Net profit increased 97% YoY to ₹4.36 Cr from ₹2.21 Cr in the previous year's quarter.
- Paid-up equity capital expanded by 205% to ₹7.90 Cr from ₹2.59 Cr in March 2026 due to warrant conversions.
- Direct costs and purchases reached ₹71.57 Cr, accounting for 92.3% of total revenue.
- Board reshuffled with the appointment of two new directors and the resignation of two existing directors.
Omega Interactive Technologies has scheduled a board meeting for July 29, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is coming off a high-growth phase where TTM revenue reached Rs 149 Cr, significantly higher than FY25 levels. However, the promoter holding has recently dropped to a low of 7.94% as of April 2026. These results will be critical to determine if the revenue momentum from the March 2026 quarter (Rs 70.99 Cr) is sustainable.
- Board meeting scheduled for July 29, 2026, to approve Q1 FY27 results
- Company reported a significant revenue of Rs 70.99 Cr in the most recent March 2026 quarter
- Promoter holding stands at a notably low 7.94% as of April 2026
- TTM revenue currently stands at Rs 149 Cr against a market cap of Rs 107 Cr
- Stock has delivered a 413.9% return over the last 12 months despite a 54.3% drop in the last 3 months
Omega Interactive Technologies has scheduled a board meeting on July 31, 2026, to consider a massive fundraise of up to ₹3200 Crore. The capital is intended for a strategic entry into Artificial Intelligence, including setting up AI Development Centres in Gujarat and investing in data centers and cloud computing. The fundraise may occur via QIP, Rights Issue, or Preferential Issue, subject to shareholder approval. This represents a significant scale-up attempt and a pivot toward high-growth technology infrastructure.
- Proposed fundraise of up to ₹3200 Crore through equity shares or other eligible securities.
- Board meeting scheduled for July 31, 2026, to approve the fundraise and utilization plan.
- Capital earmarked for setting up AI Development Centres in Gujarat and investing in AI infrastructure.
- Funds also intended for strategic acquisitions, R&D, and working capital requirements.
- Trading window closed from July 17, 2026, until 48 hours after the board meeting outcome.
Omega Interactive Technologies has formally submitted an application to BSE Limited on June 26, 2026, seeking reclassification of Mr. Jayesh Amratlal Shah. The request aims to move the shareholder from the 'Promoter' category to the 'Public' category under Regulation 31A of SEBI (LODR) Regulations. This follows the company's initial board-level intimation regarding this change on May 27, 2026. The process is currently awaiting a 'No Objection' certificate from the exchange.
- Application for reclassification submitted to BSE on June 26, 2026
- Involves the reclassification of Mr. Jayesh Amratlal Shah from Promoter to Public category
- Follows the initial regulatory submission made on May 27, 2026
- Action taken under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations
Financial Performance
Revenue Growth by Segment
Software activities revenue fell 77.22% from INR 9.00 Lacs in FY 2023-24 to INR 2.05 Lacs in FY 2024-25. Total income, however, grew 1,699.51% to INR 257.51 Lacs, driven by a 4,710.92% surge in Other Income (INR 255.46 Lacs).
Profitability Margins
Net Profit Margin was 46.16% (INR 118.88 Lacs) in FY 2024-25 compared to -61.50% in FY 2023-24. Note: The company's ratio table reports a Net Profit ratio of (97.78%) for FY 2024-25, citing a decrease in profits relative to the preceding year, which contradicts absolute profit growth.
EBITDA Margin
EBITDA margin improved to 90.17% (INR 232.2 Lacs) in FY 2024-25 from -51.92% (INR -7.43 Lacs) in FY 2023-24. This massive swing is primarily due to non-operational Other Income rather than core software service profitability.
Operational Drivers
Raw Materials
Human Capital/Talent (Software consulting services) represents the primary input cost, with employee benefit expenses totaling INR 6.67 Lacs (2.59% of total income).
Raw Material Costs
Employee benefit expenses increased 25.85% YoY to INR 6.67 Lacs. As a software firm, talent procurement and retention are the primary cost drivers.
Strategic Growth
Growth Strategy
The company plans to achieve growth by undertaking new operational activities and implementing cost-cutting measures. It is focusing on building capabilities in emerging technologies to adapt to the IT industry's shift away from traditional outsourcing and cost arbitrage models.
Products & Services
Software development and software consulting services.
Brand Portfolio
Omega Interactive Technologies Limited.
External Factors
Industry Trends
The IT industry is shifting from cost-based competition to value-based delivery due to automation. Traditional outsourcing demand is slowing down, requiring a talent model overhaul. Omega is attempting to pivot to emerging capabilities but currently shows a 77.22% decline in core revenue.
Competitive Landscape
Intense competition from larger IT players and automation technologies that replace traditional software consulting.
Competitive Moat
The company lacks a durable moat, as evidenced by its 77.22% drop in operational revenue. Its competitive positioning is weak, relying on other income (INR 255.46 Lacs) for profitability rather than core software services.
Consumer Behavior
Clients are increasingly adopting automated solutions, reducing the demand for legacy software consulting.
Geopolitical Risks
Regulations in key markets are forcing IT players to rethink talent models, impacting traditional outsourcing delivery.
Regulatory & Governance
Industry Regulations
Compliance with the Companies Act 2013 and general software industry standards.
Taxation Policy Impact
Effective tax rate of 25.17% based on a current tax provision of INR 39.98 Lacs on PBT of INR 158.86 Lacs.
Legal Contingencies
INR 0 (No pending litigations reported that would impact financial position).
Risk Analysis
Key Uncertainties
The primary uncertainty is the viability of the core software business, which generated only INR 2.05 Lacs in revenue, and the impact of a 5,253.28% increase in finance costs.
Technology Obsolescence Risk
High risk due to the industry-wide shift toward automation and the obsolescence of traditional manual outsourcing models.
Credit & Counterparty Risk
Receivables risk is high as the trade receivable turnover ratio fell 83.66% to 0.80, indicating significantly slower collections.
