According to latest reports, OTCO International reported a net loss of ₹3.54 lakh in the quarter ended June 2026, marking a significant decline from the net profit of ₹10.20 lakh recorded in the corresponding quarter of FY25. This shift from profitability to a loss position was primarily driven by higher direct expenses and employee benefit costs against nil revenue from operations, as reported by the company.
The company reported no revenue from operations during both Q1FY26 and the previous quarter Q4FY25, indicating continued challenges in generating operational income. However, total income stood at ₹9.40 lakh for Q1FY26, derived entirely from other income sources, representing a decrease from ₹16.43 lakh in the previous quarter and an increase from ₹5.70 lakh in Q1FY25. Total expenses rose significantly to ₹12.94 lakh from ₹6.23 lakh in the prior quarter and ₹5.48 lakh in the same quarter last year.
The Board approved a 5:1 consolidation of equity shares, with every five existing equity shares of ₹2 face value being consolidated into one equity share of ₹10 face value. Post-consolidation, the authorized share capital will reduce from 1.5 crore shares to 30 lakh shares, while the authorized share capital of ₹3 crore remains unchanged. The paid-up equity share capital remains at ₹129.68 lakh with a face value of ₹2 per share pending consolidation. Additionally, the Board enhanced borrowing powers up to ₹100 crore under Section 180(1)(c) of the Companies Act, 2013, with consequent creation of charge on company assets.
The quarter ended June 2026 showed a net loss of ₹3.54 lakh, while the previous quarter ended June 2025 had reported a net profit of ₹10.20 lakh. Basic earnings per share stood at a loss of ₹0.03 in Q1FY26, down from ₹0.08 in Q4FY25 and ₹0.00 in Q1FY25. The shift from profitability to a loss position was primarily attributable to a surge in direct expenses and employee benefits, which outweighed the contribution from other income, highlighting the company's current dependency on non-operational revenue sources.
