Oracle Financial (OFFS) Shares Hit Day High After Blockbuster Q1

July 23, 2026July 23, 2026

Shares of Oracle Financial Services Software (OFSS) touched a day high of Rs 11,395, up nearly 4%, after blockbuster June quarter results.

The quarter revenue was up 69% at Rs 3,125 crore from Rs 1,852 crore a year earlier. Net profit more than doubled too, to Rs 1,416 crore against Rs 642 crore last year, a 121% jump. Operating income roughly doubled as well, coming in around Rs 1,861 crore.

Most of that growth is coming from the core products business. That segment brought in Rs 2,936 crore, up 75% year on year. Licence and cloud fees alone made up 44% of total revenue, way up from just 16% a year ago.

In simple terms, OFSS is selling more software licences and cloud subscriptions, and fewer one-off consulting projects. That mix tends to carry better margins.

There’s also a new client on board. One of the largest vacation ownership companies in the US has signed up for the firm’s lending and leasing cloud software.

The results came with a leadership change too. MD and CEO Makarand Padalkar has resigned, with Thursday marking his last day. CFO Avadhut Ketkar steps into the top job from Friday, and Chief Accounting Officer Manish Bhandari moves up to CFO. Nothing sudden here, it reads like a planned transition.

At 10:14 am, the stock had given back some of its early gains. It’s currently trading at Rs 10,460 on the NSE, down 3.6%, or Rs 391, from Wednesday’s close of Rs 10,851.

Even with today’s pullback, OFSS remains the only Nifty IT stock in the green for 2026, up close to 36% for the year while the broader IT index is down nearly 25%.

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