Oracle's India unit up after Q3 profit rise

Oracle Financial Services Software

22/01/2026 05:23

** Oracle Financial Services Software ORCL.NS rises 2.8% to 7,887.50 rupees

** U.S.-listed Oracle's Indian unit posts a 15% y/y rise in consolidated rev in Q3, profit grew 13% to 6.1 billion rupees

** Net profit margin for the quarter was 31% despite the effect of the new labour code-related accruals - CFO

** Dolat Capital sees a consolidation in top-line momentum in Q4; upgrades to "Buy" but cuts TP to 9,800 rupees from 10,280 rupees

** More than 171,000 shares traded, almost 1.5x their 30-day avg

** ORCL up ~3% so far in January

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))