Onward Technologies Q1 FY27 Revenue ₹151.2 Cr, Up 11.5% YoY; EBITDA ₹18.4 Cr
Onward Technologies reported Q1 FY27 revenue of ₹151.2 crore, an 11.5% YoY increase. EBITDA was ₹18.4 crore, up 20% sequentially. The company secured a ₹33 crore contract for an offshore development center. Management maintains FY27 targets for double-digit revenue and EBITDA growth.
The financial results show positive growth, and the new contract is substantial, but it does not represent a transformative event for the company. The outlook remains positive with stated growth targets.
The company reported strong year-on-year and sequential growth in revenue and EBITDA, along with securing a significant new contract, indicating positive business momentum.
Onward Technologies Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a total revenue of ₹151.2 crore for Q1 FY27, marking an 11.5% year-on-year growth and a 8.7% sequential growth over Q4 FY26.
The company's EBITDA for the quarter stood at ₹18.4 crore, reflecting a 20% sequential growth, with EBITDA margins at 12.3%. Profit Before Tax (PBT) was ₹14.8 crore, up 21.6% sequentially, and Profit After Tax (PAT) was ₹11.2 crore, a 16.9% sequential increase.
Key strategic wins during the quarter included a ₹33 crore contract to establish a dedicated offshore development center for a global power management company. The company's Managing Director, Mr. Jigar Mehta, expressed confidence in the outlook for the year, reiterating targets for double-digit revenue and EBITDA growth for FY27, driven by strategic account expansion, AI-led digital engineering, and operational excellence.
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