Onward Technologies Limited (BSE: 517536; NSE: ONWARDTEC), a global digital engineering and ER&D services partner, announced its financial results for the first quarter ending June 30, 2026.
Financial Highlights:
|
Particulars (Rs. Crore) |
Q1 FY27 |
Q1 FY26 |
YoY% |
Q4 FY26 |
QoQ% |
FY26 |
FY25 |
YoY% |
|
Total Revenue |
151.2 |
135.6 |
11.5% |
139.0 |
8.7% |
550.9 |
498.5 |
10.5% |
|
EBITDA |
18.4 |
17.1 |
7.2% |
15.3 |
20% |
71.9 |
44.7 |
60.9% |
|
EBITDA Margin (%) |
12.3% |
12.9% |
(60 bps) |
11.2% |
113 bps |
13.2% |
9.1% |
412 bps |
|
Profit After Tax (PAT) |
11.2 |
12.7 |
(12.3%) |
9.5 |
16.9% |
46.7* |
27.1 |
72.3% |
|
PAT Margin (%) |
7.5% |
9.6% |
(210 bps) |
6.9% |
52 bps |
8.6%* |
5.5% |
307 bps |
|
EPS (Rs.) – Diluted |
4.98 |
5.57 |
(10.5%) |
4.23 |
17.8% |
20.57* |
11.81 |
74.3% |
* Excluding one-time exceptional item due to new labour code in Q3 FY26
Key Financial Highlights – Q1 FY27
- Total Revenue of Rs. 151.2 Crore, up 11.5% YoY and 8.7% QoQ.
- EBITDA of Rs. 18.4 Crore, up 7.2% YoY and 20% QoQ, with EBITDA margin expanding 113 bps sequentially to 12.3%.
- Profit After Tax (PAT) of Rs. 11.2 Crore, up 16.9% QoQ; PAT margin at 7.5%.
- Diluted EPS of Rs. 4.98 for the quarter.
Key Business Highlights
- Won a Rs. 33 Crore contract to set up a dedicated Offshore Development Center (ODC) for a leading global power management company.
- Successfully completed the Q1 FY27 share buyback programme, reflecting the Board’s confidence in the Company’s business model, cash generation capabilities, and long-term growth prospects.
- Number of clients billing over US$1 million rose to 18 in Q1 FY27 (from 16 in Q4 FY26).
Commenting on the results, Mr. Jigar Mehta, Managing Director, Onward Technologies, said:
“Q1 FY27 was a solid start to the year. We delivered a total revenue of Rs. 151.2 crore, representing a strong YoY growth of 11.5% and a sequential growth of 8.7% over Q4 FY26. We continued to make progress across our strategic accounts, expanded our offshore delivery footprint, and strengthened our Digital Engineering and ER&D capabilities. Operationally, we remain focused on profitable growth, improving delivery efficiency and deepening client relationships, and I am pleased to share that our EBITDA for the quarter was Rs. 18.4 crore, a 20% sequential growth, with EBITDA margins at 12.3%. While quarterly performance in our industry can vary based on programme ramp-ups and customer decision cycles, our outlook for the year remains unchanged. We continue to target double-digit revenue growth and double-digit EBITDA growth for FY27 and remain confident in our ability to create long-term value through disciplined execution and operational excellence.”
