Oracle FS Software Announces Management Changes and Q1 FY27 Results
Oracle Financial Services Software Ltd announced significant management changes following a Board of Directors meeting. Mr. Andrew Mark Morawski was appointed as an Additional Director. The company also approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, reporting a profit before tax of ₹18,210 million and a net profit of ₹13,636 million. Mr. Makarand Padalkar resigned as Managing Director and CEO, effective July 23, 2026, with Mr. Avadhut Ketkar appointed as his successor for a three-year term starting July 24, 2026. Mr. Manish Bhandari has been appointed as the new Chief Financial Officer. The Board also approved the reconstitution of various committees.
Key Highlights
- Mr. Makarand Padalkar resigns as MD & CEO, effective July 23, 2026.
- Mr. Avadhut Ketkar appointed as new MD & CEO for a three-year term.
- Q1 FY27 profit before tax reported at ₹18,210 million.
- Unaudited Q1 FY27 net profit stands at ₹13,636 million.
- Mr. Andrew Morawski appointed as Additional Director.
Price Impact
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