The Board of Directors of Orchasp Limited, in their meeting held on May 27, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. During the quarter, the company reported a net profit of 11.19 Lakhs, compared to a net profit of 302.27 Lakhs in the corresponding quarter of the previous year and 19.03 Lakhs in the preceding quarter. Revenue from operations for the quarter stood at 161.26 Lakhs, against 700.96 Lakhs in the same quarter last year and 435.37 Lakhs in the previous quarter.

Orchasp Limited is primarily engaged in the business of computer programming, consultancy, and related services. The financial results for the quarter ended March 31, 2026, were accompanied by a qualified audit opinion from the statutory auditors, JMT & Associates. The audit qualifications pertain to the carrying value of investments in a wholly-owned subsidiary in Portugal, the non-receipt of confirmations for outstanding trade receivables and payables exceeding six months, and the non-payment of statutory dues, including Tax Deducted at Source (TDS). The management has clarified that these delays were due to adverse business conditions and temporary liquidity constraints.