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Oracle Financial Services Software Limited (OFSS)

₹10,386.00 +1.33% last close, 16 Oct

📊 NSE: OFSS 🏢 Computers - Software - Medium / Small 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 23 Oct 2026 (board meeting)

Oracle Financial Services Software Limited's board meets on 23 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Oracle Financial's revenue was ₹3,125 Cr (+68.7% year on year, +51.3% on the previous quarter), and net profit ₹1,416 Cr (+120.5% year on year); the operating margin was 60.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹3,125	+68.7%	+51.3%
Operating profit	₹1,876	+121.8%	+77.7%
Net profit	₹1,416	+120.5%	+68.1%
EPS (₹)	162.59	+120.1%	+68.1%
Operating margin	60.0%	—	—

Full quarterly financials → Results calendar →

OFSS delivery percentage and open interest

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 31.48% of the OFSS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 41.29%. That is lower than usual for this stock. In OFSS futures, open interest fell 2.42% while the futures price rose 1.17%: short covering (shorts closing out).

31.48%Delivery, 16 Oct

41.29%Own 20-session average

1.1×Volume vs its average

-2.42%Futures open interest

₹10,386.00NSE close · +1.33%

Delivery in the last 5 sessions: 51.1% · 60.6% · 46.4% · 35.5% · 31.5%

Delivery across the market →F&O open interest →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

OFSS Director Nian Nian Yuan Resigns Effective October 15, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 Oct 2026, 02:52 PM

Oracle Financial Services Software Limited announced the resignation of Mr. Nian Nian Yuan (DIN 11107498), Non-Executive, Non-Independent Director. The resignation takes effect from the close of business hours on October 15, 2026. Mr. Yuan cited other professional and personal commitments as the reason for his departure, without indicating any disputes or operational concerns.

Mr. Nian Nian Yuan (DIN 11107498) resigns as Non-Executive, Non-Independent Director
Cessation is effective from the close of business hours of October 15, 2026
Resignation cited as due to other professional and personal commitments
Filing submitted under Regulation 30 of SEBI LODR on October 14, 2026

💡 Monitor upcoming board announcements for any proposed replacement nominee from the promoter/parent entity.

OFSS Director Nian Nian Yuan Resigns Effective October 15, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 Oct 2026, 02:39 PM

Mr. Nian Nian Yuan (DIN 11107498) resigns as Non-Executive, Non-Independent Director
Cessation is effective from the close of business hours of October 15, 2026
Resignation cited as due to other professional and personal commitments
Filing submitted under Regulation 30 of SEBI LODR on October 14, 2026

💡 Monitor upcoming board announcements for any proposed replacement nominee from the promoter/parent entity.

OFSS Shareholders Approve Appointment of Avadhut Ketkar as MD & CEO with 99.56% Majority

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 05 Oct 2026, 07:00 PM

Oracle Financial Services Software announced the results of its postal ballot completed via remote e-voting. Shareholders approved the appointment of Mr. Avadhut Ketkar as Managing Director and Chief Executive Officer with 99.56% of votes cast in favour. Additionally, the appointment of Mr. Andrew Mark Morawski as a Non-Executive, Non-Independent Director was approved with 98.96% votes in favour. Out of 8,70,83,127 outstanding shares, a total of 7,79,30,132 votes were polled, representing an 89.49% overall turnout.

Appointment of Mr. Avadhut Ketkar as MD & CEO approved with 99.56% votes in favour (7,75,88,343 votes)
Appointment of Mr. Andrew Mark Morawski as Non-Executive, Non-Independent Director passed with 98.96% votes in favour (7,71,16,463 votes)
Total voter turnout stood at 89.49% with 7,79,30,132 valid votes polled across 125,287 shareholders as of cut-off date August 28, 2026
Institutional shareholders participated heavily, polling 1,47,37,165 votes out of 1,65,16,835 held (89.23% institutional turnout)

💡 Track subsequent quarterly earnings calls and strategic updates led by the new CEO, particularly commentary around cloud banking transitions and AI integration in core products.

OFSS Receives ₹2.93 Cr Income Tax Penalty Order for AY 2010-11; Plans to Appeal

🟡 NEUTRAL ⭐ 2/10

LEGAL 📅 29 Sep 2026, 02:34 PM

Oracle Financial Services Software Limited (OFSS) has received a penalty order under section 271(1)(c) of the Income-tax Act, 1961 from the National Faceless Penalty Centre on September 29, 2026. The order imposes a penalty of ₹29,253,601 (approx. ₹2.93 crore) for Assessment Year 2010-11 regarding alleged inaccurate particulars of income. Given OFSS's TTM net profit of ₹3,414 crore and cash flows, the penalty represents less than 0.1% of annual profit and is financially immaterial. The company stated the order is not sustainable and will file an appeal before appellate authorities.

Received penalty order of ₹29,253,601 from the Income Tax Department on September 29, 2026
Pertains to Assessment Year 2010-11 under section 271(1)(c) of the Income-tax Act, 1961
Penalty amount is ₹2.93 crore compared to TTM PAT of ₹3,414 crore (<0.09% of earnings)
Management states no financial or operational impact expected and plans to appeal the order

💡 Track subsequent legal updates or disclosures regarding the appellate outcome; no immediate operational impact is expected.

OFSS Receives Income Tax Penalty Orders Totaling ₹9.30 Cr for AY 2009-10 & 2011-12

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 26 Sep 2026, 12:15 PM

Oracle Financial Services Software Limited (OFSS) has received penalty orders under Section 271(1)(c) of the Income-tax Act, 1961 from the National Faceless Penalty Centre. The orders levy penalties of ₹6.10 crore for AY 2009-10 and ₹3.20 crore for AY 2011-12, totaling approximately ₹9.30 crore, for allegedly furnishing inaccurate particulars of income. Given OFSS's TTM net profit of ₹3,414 crore, the combined penalty accounts for less than 0.3% of annual earnings. The company stated the orders are unsustainable and is initiating appeals before appellate authorities.

Received penalty order of Rs. 61,025,681 (₹6.10 cr) for AY 2009-10 under Section 271(1)(c).
Received penalty order of Rs. 31,965,125 (₹3.20 cr) for AY 2011-12 under Section 271(1)(c).
Total tax penalty levied stands at Rs. 92,990,806 (₹9.30 cr).
Orders were received by the company on September 24, 2026.

💡 Track subsequent disclosures on whether the appellate authority grants a stay or relief against the penalty demand of ₹9.30 crore.

OFSS Clarifies on Parent Debt Reports; Confirms No Impact on Operations

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Sep 2026, 11:45 AM

Oracle Financial Services Software Limited (OFSS) issued a clarification under Regulation 30(11) following reports of a 6.5% fall in its share price linked to Oracle Corporation's reported $18-billion data centre debt. The company clarified that it is a separate entity and has no knowledge of or involvement in parent Oracle's data centre developments. OFSS affirmed that it possesses no undisclosed material price-sensitive information, nor any pending regulatory or legal proceedings. Operationally, OFSS continues with strong standalone solvency, holding negligible debt of ₹22 Cr against a net worth of ₹7,015 Cr.

Clarification triggered by a media report titled 'OFSS shares fall 6.5% as report says Oracle\'s $18-billion data centre debt under pressure'
Company confirmed OFSS is a separate legal entity with no knowledge of Oracle\'s referenced data centre developments
Confirmed no undisclosed material price-sensitive information or pending regulatory/legal proceedings as of September 21, 2026
Company maintains near zero debt of ₹22 Cr against TTM PAT of ₹3,414 Cr

💡 Monitor upcoming quarterly results to track core banking software license renewals and verify operational decoupling from parent Oracle Corp's capital expenditure plans.

OFSS Clarifies on Parent Debt Reports; Confirms No Impact on Operations

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Sep 2026, 04:49 PM

Clarification triggered by a media report titled 'OFSS shares fall 6.5% as report says Oracle\'s $18-billion data centre debt under pressure'
Company confirmed OFSS is a separate legal entity with no knowledge of Oracle\'s referenced data centre developments
Confirmed no undisclosed material price-sensitive information or pending regulatory/legal proceedings as of September 21, 2026
Company maintains near zero debt of ₹22 Cr against TTM PAT of ₹3,414 Cr

💡 Monitor upcoming quarterly results to track core banking software license renewals and verify operational decoupling from parent Oracle Corp's capital expenditure plans.

OFSS Grants 6,099 Stock Units and 1,596 Stock Options Under OFSS Stock Plan 2014

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 10:27 PM

Oracle Financial Services Software Limited announced that its Nomination and Remuneration Committee approved the grant of 6,099 OFSS Stock Units (OSUs) and 1,596 Stock Options to eligible employees on September 5, 2026. The grants are issued under the company's OFSS Stock Plan 2014 and will vest in accordance with the defined schedule. With a total grant of 7,695 units, the overall equity dilution impact remains negligible.

Granted 6,099 OFSS Stock Units (OSUs) to employees on September 5, 2026
Granted 1,596 Stock Options under the OFSS Stock Plan 2014
Total units granted amount to 7,695 options/units

💡 This is a routine administrative filing; investors should continue tracking quarterly execution and core banking deal momentum.

OFSS Issues Postal Ballot Notice for MD & CEO and Director Appointments

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 02 Sep 2026, 05:00 PM

Oracle Financial Services Software Limited (OFSS) has issued a Postal Ballot Notice to seek shareholder approval for the appointment of Mr. Avadhut Ketkar as Managing Director & Chief Executive Officer for a 3-year term from July 24, 2026 to July 23, 2029. Mr. Ketkar, former CFO of the company, is proposed to receive a gross annual salary in the scale of ₹1.40 crore to ₹2.80 crore plus perquisites, bonus, and stock options. The ballot also seeks approval for the appointment of Mr. Andrew Mark Morawski as a Non-Executive, Non-Independent Director. The remote e-voting window runs from September 3, 2026 to October 2, 2026, with results expected on or before October 6, 2026.

Appointment of Mr. Avadhut Ketkar as MD & CEO for a 3-year term (July 24, 2026 to July 23, 2029)
MD & CEO gross salary proposed in the scale of ₹1.40 crore to ₹2.80 crore per annum plus perquisites and bonus
Appointment of Mr. Andrew Mark Morawski as Non-Executive, Non-Independent Director drawing nil remuneration
Remote e-voting period starts September 3, 2026 and concludes October 2, 2026; cut-off date was August 28, 2026

💡 Track the final voting results by October 6, 2026, and look for management's strategic updates on cloud and AI initiatives during upcoming quarterly earnings calls.

OFSS Allots 7,617 Equity Shares Under OFSS Stock Plan 2014

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Aug 2026, 11:03 AM

Oracle Financial Services Software Limited has approved the allotment of 7,617 equity shares of face value Rs. 5 each on August 19, 2026, under the OFSS Stock Plan 2014. No shares were allotted to company directors in this tranche. Following this allotment, the company's paid-up equity capital stands at Rs. 435,415,635 comprising 87,083,127 shares. The equity dilution from this exercise is negligible at less than 0.01% of the total share base.

7,617 equity shares of Rs. 5 face value allotted under OFSS Stock Plan 2014
Paid-up share capital increased to Rs. 435,415,635 (87,083,127 equity shares)
0 shares allotted to directors of the company in this tranche
Dilution represents less than 0.01% of total equity base

💡 This is a routine administrative share allotment under an existing employee stock plan requiring no action from investors.

6,876 Stock Units and Options granted under OFSS Stock Plan 2014

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 03:35 PM

Oracle Financial Services Software (OFSS) has granted 6,411 Stock Units (OSUs) and 465 Stock Options to its employees on August 10, 2026. These grants are part of the company's existing 2014 Stock Plan and will vest according to a predefined schedule. Given the company's massive market capitalization of Rs 1,02,044 Cr, this grant of 6,876 instruments is negligible in terms of equity dilution. The total value of the grant at current market prices is approximately Rs 8.06 Cr, representing less than 0.01% of the company's valuation.

6,411 OFSS Stock Units (OSUs) granted to employees on August 10, 2026
465 Stock Options granted under the OFSS Stock Plan 2014
Total instruments granted (6,876) represent approximately 0.008% of the company's market cap
Grant approved by the Nomination and Remuneration Committee of the Board

💡 No action is required as this is a routine administrative filing for employee compensation. Investors should focus on the company's high operating margins (45.3%) and client concentration risks instead.

OFSS CEO Makarand Padalkar Retires; FY26 Revenue Hits ₹7,672 Cr with 44% Operating Margin

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 05 Aug 2026, 04:05 PM

Oracle Financial Services Software (OFSS) confirmed the retirement of MD & CEO Makarand Padalkar effective July 23, 2026, with former CFO Avadhut Ketkar taking the helm. For FY26, the company reported a 12% revenue growth to ₹7,672 Cr and a net profit of ₹2,640 Cr, maintaining a robust operating margin of 44%. The company distributed ₹400 per share in dividends during the year, reflecting its strong cash generation. However, a significant risk remains with 51% of revenue concentrated through its parent, Oracle Corporation, which acts as its primary global sales channel.

Revenue increased 12% to ₹7,672 Cr in FY26 with a net income growth of 11% to ₹2,640 Cr.
MD & CEO Makarand Padalkar retired on July 23, 2026, succeeded by Avadhut Ketkar (former CFO).
Total dividends of ₹400 per equity share (8000% of face value) were declared/paid during FY26.
R&D expenditure was maintained at approximately 10% of total revenue for the fiscal year.
Single customer concentration (Oracle Corporation) accounts for 51% of total consolidated revenue.

💡 Monitor the leadership transition under new CEO Avadhut Ketkar to ensure the execution of the 'Progressive Transformation' strategy and AI integration remains consistent with historical 44-45% operating margins.

OFSS Shareholders Approve Rs 400 Total Dividend and Director Re-appointments at 37th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 04:19 PM

Shareholders of Oracle Financial Services Software (OFSS) have approved all five resolutions at the 37th AGM held on July 23, 2026. The key highlight is the formal confirmation of a total dividend of Rs 400 per share for FY26, comprising a first interim dividend of Rs 130 and a second interim dividend of Rs 270. All resolutions, including the re-appointment of directors Kimberly Woolley and Gopala Ramanan Balasubramaniam, passed with high assent ranging from 99.63% to 100%. The company also secured approval for non-executive director commissions for a five-year period starting April 2027.

Total dividend of Rs 400 per share confirmed for FY26, consisting of Rs 130 and Rs 270 interim payments.
Resolution to adopt FY26 Audited Financial Statements passed with 100% assent from 76,999,796 valid votes.
Re-appointment of Director Kimberly Woolley approved with 99.64% votes in favor.
Re-appointment of Director Gopala Ramanan Balasubramaniam approved with 99.63% votes in favor.
Approval granted for director commission payments for the five-year period from April 1, 2027, to March 31, 2032.

💡 Investors should focus on the company's ability to maintain its high operating margins (45.3%) and its progress in embedding Generative AI within its banking software suite as mentioned in its growth strategy.

OFSS 37th AGM: New CEO Avadhut Ketkar Appointed; ₹400 Total Dividend Confirmed for FY26

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 23 Jul 2026, 04:51 PM

Oracle Financial Services Software (OFSS) concluded its 37th AGM on July 23, 2026, formalizing a significant leadership transition with Mr. Avadhut Ketkar taking over as MD & CEO and Mr. Manish Bhandari as CFO. Shareholders confirmed a total dividend of ₹400 per share for FY26, consisting of two previously paid interim dividends of ₹130 and ₹270. The company emphasized its strategic shift toward AI transformation within its banking software suite. Additionally, a resolution was passed to approve director commissions up to 1% of net profits for the 2027-2032 period.

Confirmed total dividend of ₹400 per share for FY26, representing a high payout relative to TTM EPS of ₹303.48
Formal introduction of Mr. Avadhut Ketkar as the new Managing Director and CEO, succeeding Mr. Makarand Padalkar
Appointment of Mr. Manish Bhandari as the new Chief Financial Officer
Approval of commission for non-executive directors not exceeding 1% of net profits for a 5-year term starting April 2027
Management provided a specific update on the company's AI transformation strategy for financial services

💡 Investors should monitor the new CEO's execution strategy, particularly regarding the 'AI transformation' and the management of high-concentration client accounts (top 10 clients contribute 70% of revenue).

OFSS Denies Rumors of Stake Sale by Oracle Corp; Stock Breaches 3% Price Band

🔵 WATCH ⭐ 7/10

REGULATORY 📅 23 Jul 2026, 03:15 PM

Oracle Financial Services Software (OFSS) has officially denied knowledge of media reports suggesting that its parent company, Oracle Corp, may sell a stake in the firm. The clarification follows a 3% breach in the stock's price band on July 23, 2026, and a report by CNBC TV18. This development coincides with a major leadership transition announced on July 22, 2026, where CFO Avadhut Ketkar was elevated to MD & CEO following the resignation of Makarand Padalkar. As of March 2026, the promoter holds a significant 72.44% stake in the company.

Stock price breached the 3% material price movement band on July 23, 2026
Promoter Oracle Corp currently holds a 72.44% stake in the Rs 87,560 Cr market cap company
Company denies receiving any communication from media houses on its standard investor relations email
Leadership transition confirmed with CFO Avadhut Ketkar becoming MD & CEO effective July 22, 2026
Q1 FY27 results were published on July 22, 2026, just prior to the rumor surfacing

💡 Investors should monitor for any formal disclosures from the promoter (Oracle Corp) regarding their shareholding and track the execution of the new CEO, Avadhut Ketkar, especially given the high customer concentration (Top 10 clients contribute 70% of revenue).

View All OFSS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total consolidated revenue grew 7% YoY to ₹ 68,468 million. The Products segment revenue increased 7% to ₹ 62,144 million (91% of total), while the Services segment revenue grew 8% to ₹ 6,324 million (9% of total). Within Products, License fees grew to 16% of segment revenue, Consulting fees were 51%, and Maintenance fees were 33%.

Geographic Revenue Split

The geographic revenue distribution for FY25 was: JAPAC 32%, USA 27%, Europe 18%, Middle East & Africa 11%, India 8%, and Latin America 4%.

Profitability Margins

Consolidated operating margin improved from 42% in FY24 to 44% in FY25. Net profit margin remained stable at 35% for both years. Standalone net profit margin jumped from 42% to 66% primarily due to a ₹ 15,199 million dividend from a subsidiary.

EBITDA Margin

Consolidated operating margin (EBITDA equivalent in this context) was 44% in FY25, up 200 bps from 42% in FY24, driven by a 12% increase in operating profit to ₹ 30,067 million.

Capital Expenditure

Depreciation and amortization charge was ₹ 598 million for FY25, consistent with FY24. Specific future capital expenditure plans in INR Cr were not disclosed in the documents.

Credit Rating & Borrowing

The company maintains a debt-equity ratio of 0 (specifically less than 0.50), indicating negligible borrowing. Debt service coverage ratio improved significantly from 71 times to 87 times on a consolidated basis.

⚙️ Operational Drivers

Raw Materials

As a software company, primary operational costs include application software fees, infrastructure costs, and communication expenses, which are part of 'Other expenses' totaling ₹ 1,498 million (down 33% YoY).

Capacity Expansion

Not applicable for software operations; however, the company is expanding its technological capabilities by embedding Generative AI and LLMs into its existing application flows to enable automated content generation and predictive scoring.

Raw Material Costs

Other expenses (including software fees and infrastructure) decreased by 33% to ₹ 1,498 million in FY25, primarily due to the reversal of impairment losses on contract assets.

Manufacturing Efficiency

Operating efficiency is reflected in the Products segment operating margin of 49% and the Services segment margin of 28%.

📈 Strategic Growth

Growth Strategy

Growth is targeted through 'Progressive Transformation' of legacy banking systems, embedding AI/LLM for rapid decision-making, and expanding the 'Modern Risk and Finance' portfolio to help banks comply with evolving Basel III, IFRS 17, and ISSB sustainability standards.

Products & Services

Core products include Oracle FLEXCUBE (Core Banking), Oracle Financial Services Analytical Applications (OFSAA), Oracle FLEXCUBE Investor Servicing, and Financial Crime & Compliance Management (FCCM) solutions.

Brand Portfolio

Oracle, Oracle FLEXCUBE, OFSAA.

New Products/Services

New offerings include Climate Change Analytics for ISSB compliance and embedded Generative AI models within existing financial applications to recommend or generate content automatically.

Market Expansion

The company is targeting multi-jurisdictional regulatory reporting markets and institutions needing to transition from legacy systems to cloud-ready, flexible architectures.

Strategic Alliances

The company operates extensively through local subsidiaries of its parent, Oracle Corporation, to contract with end customers globally.

🌍 External Factors

Industry Trends

The industry is shifting toward cloud-based architectures and AI-driven decision-making. Regulatory reporting is evolving from simple transaction reporting to complex iterative analytical testing (e.g., Basel III, IFRS 17), which increases demand for OFSS's specialized analytical applications.

Competitive Landscape

Competes in the global financial software market against providers of core banking and analytical applications.

Competitive Moat

The moat is built on high switching costs for core banking platforms (FLEXCUBE) and deep domain expertise in global regulatory compliance (IFRS/Basel), which are difficult for competitors to replicate quickly.

Macro Economic Sensitivity

Sensitive to global banking IT spending and regulatory cycles (Basel, IFRS).

Consumer Behavior

Banks are moving away from full-scale 'rip and replace' strategies toward 'progressive transformation' to manage costs and risks.

Geopolitical Risks

Operations across JAPAC (32%), USA (27%), and Europe (18%) expose the company to diverse regional regulatory changes and trade environments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are heavily influenced by global banking standards including Basel II/III, IFRS 9, IFRS 17, CECL, LDTI, and various multi-jurisdictional regulatory reporting requirements.

Environmental Compliance

The company provides 'Climate Change Analytics' to help banks comply with International Sustainability Standards Board (ISSB) and GHG Emission Scope Reporting.

Taxation Policy Impact

Consolidated effective tax rate was 28% in FY25 (₹ 9,313 million). Standalone effective tax rate was 22% (₹ 9,594 million).

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the high concentration of revenue from a single customer group (50%) and the reliance on the parent company's global network for customer contracting.