ORBTEXP - Orbit Exports
📢 Recent Corporate Announcements
Orbit Exports Limited has successfully incorporated a new wholly-owned subsidiary, Orbit Elegance Trading L.L.C., in Dubai, UAE. The company has subscribed to 100% of the equity stake for a nominal amount of AED 10,000. This move is aimed at expanding the company's footprint in the textile and apparel trading industry within the Middle East. While the initial investment is small, it establishes a strategic base for international operations and global trade facilitation.
- 100% equity subscription in Orbit Elegance Trading L.L.C for a total of AED 10,000.
- The subsidiary is incorporated in Dubai, UAE, and will focus on Textile & Apparel Trading.
- Trade license was officially issued by the Department of Economic and Tourism, Dubai, on January 10, 2026.
- The entity is a greenfield expansion and is yet to commence commercial operations.
- The move aligns with the parent company's core business of textile manufacturing and exports.
Orbit Exports reported a modest 4% YoY increase in Q3 FY26 revenue to ₹53.07 crore, though net profit declined to ₹6.37 crore from ₹6.89 crore in the previous year. The company's bottom line was impacted by a one-time provision of ₹51.94 lakhs related to the implementation of New Labour Codes. A significant leadership change was announced with Parth Seth taking over as Executive Director and CEO. Furthermore, the company is expanding its international footprint with the recent incorporation of a new subsidiary in the UAE for textile trading.
- Q3 FY26 Revenue from Operations grew 4% YoY to ₹53.07 crore from ₹51.00 crore.
- Net Profit for the quarter decreased to ₹6.37 crore compared to ₹6.89 crore in Q3 FY25.
- 9-month FY26 revenue reached ₹168.79 crore, up from ₹157.82 crore in the previous year.
- Recognized a one-time employee benefit expense of ₹51.94 lakhs due to New Labour Code amendments.
- Management changes include the appointment of Parth Seth as CEO and Aditya Jain as Independent Director.
Orbit Exports reported a standalone revenue of ₹53.07 crore for Q3 FY26, representing a 4% growth YoY. However, net profit for the quarter declined to ₹6.37 crore from ₹6.89 crore in the previous year, impacted by a one-time ₹51.94 lakh provision for new labour codes. The company announced significant leadership changes, appointing Parth Seth as the new CEO. Additionally, the firm is expanding its international footprint with the incorporation of a new textile subsidiary in the UAE.
- Standalone Revenue for Q3 FY26 stood at ₹53.07 crore, up from ₹51.00 crore in Q3 FY25.
- Net Profit decreased to ₹6.37 crore in Q3 FY26 compared to ₹9.02 crore in the preceding quarter (Q2 FY26).
- One-time employee benefit expense of ₹51.94 lakh recognized due to implementation of New Labour Codes.
- Parth Seth appointed as Executive Director & Chief Executive Officer (CEO).
- Incorporated a new wholly-owned subsidiary, Orbit Elegance Trading LLC, in the UAE on December 24, 2025.
Orbit Exports reported a marginal decline in standalone net profit to ₹6.37 crore for Q3 FY26, down from ₹6.89 crore in the same quarter last year, despite a 4% growth in revenue to ₹53.07 crore. The company appointed Mr. Parth Seth as the new Executive Director & CEO, signaling a leadership transition. A one-time expense of ₹51.94 lakhs was recognized during the quarter due to the implementation of New Labour Codes. Additionally, the company expanded its footprint by incorporating a new wholly-owned subsidiary in the UAE to focus on textile trading.
- Standalone Revenue from Operations grew 4% YoY to ₹53.07 crore in Q3 FY26.
- Standalone Net Profit decreased by 7.5% YoY to ₹6.37 crore, impacted by a ₹51.94 lakh one-time labor code provision.
- Appointed Mr. Parth Seth as Whole-time Director and Chief Executive Officer (CEO).
- Incorporated Orbit Elegance Trading LLC in UAE on December 24, 2025, for textile business expansion.
- 9M FY26 Standalone Revenue reached ₹168.79 crore compared to ₹157.82 crore in the previous year.
Orbit Exports Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within the prescribed timelines. The Registrar confirmed that physical certificates were mutilated and cancelled after verification, and the depositories' names were updated in the register of members. This is a standard administrative filing required by all listed companies in India.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Transfer Agent MUFG Intime India Private Limited (formerly Link Intime).
- Confirms that securities received for dematerialization were listed on the stock exchanges.
- Verification and cancellation of physical certificates completed within prescribed SEBI timelines.
Orbit Exports Limited has notified the exchanges regarding the closure of its trading window starting January 1, 2026. This closure is in accordance with SEBI Insider Trading regulations for the upcoming Q3 and nine-month financial results ending December 31, 2025. The restriction applies to all designated persons, including directors and promoters, and will last until 48 hours after the results are declared. The date for the board meeting to approve these results will be announced at a later time.
- Trading window closure starts on January 1, 2026.
- Relates to financial results for the quarter and nine months ending December 31, 2025.
- Window remains closed until 48 hours post-result declaration.
- Applies to all insiders, directors, and designated persons.
Orbit Exports Limited has announced the successful passage of a special resolution to appoint Ms. Raveena Modi as a Non-Executive Independent Director. The resolution was approved via postal ballot with an overwhelming 99.9994% of votes cast in favor. Ms. Modi's appointment is for a five-year term, effective through September 26, 2030. This move ensures the company's continued compliance with SEBI corporate governance regulations regarding board independence.
- Shareholders approved the appointment of Ms. Raveena Modi as Independent Director for a 5-year term ending September 2030.
- The resolution received 22,196,870 votes in favor, representing 99.9994% of the total valid votes cast.
- Only 131 votes (0.0006%) were cast against the proposal, indicating near-unanimous shareholder support.
- The voting process was conducted through remote e-voting between November 19 and December 18, 2025.
Orbit Exports Limited has successfully passed a special resolution via postal ballot for the appointment of Ms. Raveena Modi as a Non-Executive & Independent Director. The resolution received overwhelming support, with 99.9994% of the votes cast in favor. Ms. Modi's appointment is for a five-year term effective through September 26, 2030. This move ensures the company remains compliant with SEBI corporate governance and board composition requirements.
- Appointment of Ms. Raveena Modi as Independent Director approved for a 5-year term ending September 26, 2030.
- Resolution passed with 2,21,96,870 votes in favor, representing 99.9994% of total valid votes.
- Only 131 votes (0.0006%) were cast against the proposal by 3 members.
- The voting process was conducted via remote e-voting from November 19 to December 18, 2025.
- Ms. Modi will not be liable to retire by rotation during her five-year tenure.
Financial Performance
Revenue Growth by Segment
The Textile Business segment grew 7.04% YoY in H1 FY26, reaching INR 131.17 Cr compared to INR 122.55 Cr in H1 FY25. The Investment segment saw a significant growth of 97.27% YoY, increasing from INR 1.39 Cr to INR 2.73 Cr in the same period.
Geographic Revenue Split
The company has an export-dominated revenue profile, with a significant presence in the US market through its subsidiary, Orbit Inc. Orbit Inc generated revenues of INR 10.85 Cr in H1 FY26, contributing approximately 8.8% to the consolidated revenue of INR 123.06 Cr.
Profitability Margins
Profit Before Tax (PBT) margin for H1 FY26 was 24.39% (INR 32.66 Cr on INR 133.91 Cr total income), a decline from 27.89% in H1 FY25. Net profit for the US subsidiary Orbit Inc was INR 0.51 Cr for H1 FY26.
EBITDA Margin
Operating profit before changes in operating assets and liabilities was INR 35.83 Cr for H1 FY26, representing a 11.72% increase YoY from INR 32.08 Cr in H1 FY25.
Capital Expenditure
The company has planned a partially debt-funded capital expenditure of INR 30 Cr for FY2026. Additionally, maintenance capex is projected at approximately INR 10 Cr in the medium term.
Credit Rating & Borrowing
Orbit Exports Limited maintains an [ICRA]A (Stable) credit rating. Borrowing costs are managed through low utilization of working capital limits, which averaged 12% during the 12-month period ended July 2025.
Operational Drivers
Raw Materials
The company primarily uses textile fabrics and yarn as raw materials. Specific raw material cost percentages were not disclosed, but profitability is noted to be susceptible to volatility in raw material prices.
Capacity Expansion
Planned capex of INR 30 Cr in FY2026 is intended for expansion and maintenance, though specific capacity in MT or units is not disclosed.
Raw Material Costs
Raw material costs are a significant driver of the textile business; however, the exact percentage of revenue was not disclosed. Profitability remains susceptible to global price volatility in these inputs.
Strategic Growth
Growth Strategy
Growth is targeted through the liquidation of fabric inventory in the US subsidiary (Orbit Inc) and the execution of confirmed orders in the made-ups segment, where 80% of orders were already fulfilled by YTD FY26. The company is also leveraging steady offtake from other global regions.
Products & Services
The company sells fabrics and made-ups (textile products) to global and domestic customers.
Brand Portfolio
Orbit Exports Limited, Orbit Inc (US Subsidiary).
Market Expansion
The company is focusing on liquidating inventory in the US market and maintaining steady offtake in other international regions to support FY2026 revenues.
Strategic Alliances
The company appointed Girik Wealth Advisors Private Limited as its Portfolio Manager, a related party transaction involving Director Mr. Varun Daga.
External Factors
Industry Trends
The textile industry is currently influenced by festive season demand and shifts in global consumer preferences. OEL is positioning itself by expanding its made-ups segment and strengthening its US distribution through Orbit Inc.
Competitive Moat
The company's moat is built on established distribution in the US and a comfortable debt coverage profile ([ICRA]A). Sustainability is supported by the ability to pass on cost increases to customers.
Macro Economic Sensitivity
The company is sensitive to global discretionary consumer spending; a downturn in key markets like the US would directly impact export volumes.
Consumer Behavior
Demand is driven by discretionary spending in key markets, which is subject to shifts in consumer confidence and festive season cycles.
Geopolitical Risks
Trade barriers and tariff burdens are managed by passing costs to customers, but global trade instability remains a risk for the US-based subsidiary.
Regulatory & Governance
Industry Regulations
The company complies with SEBI Listing Regulations (17 to 27) and Section 133 of the Companies Act, 2013. It also operates under state government policies for power and interest subsidies.
Taxation Policy Impact
Current tax liabilities (net) were INR 3.84 Cr as of September 30, 2025, compared to INR 0.17 Cr as of March 31, 2025.
Legal Contingencies
There were no strictures or penalties imposed by SEBI or Stock Exchanges in the last three financial years, except for observations mentioned in the Secretarial Audit Report (values not specified).
Risk Analysis
Key Uncertainties
Key risks include the high working capital intensity (35-39% of revenue) due to inventory holding and the potential for a significant decline in global textile demand.
Geographic Concentration Risk
High concentration in export markets, particularly the US, which is served by the subsidiary Orbit Inc.
Credit & Counterparty Risk
Trade receivables increased by INR 8.82 Cr in H1 FY26, indicating a need for careful monitoring of counterparty credit quality.