Onward Technologies Q1 FY27 Revenue at ₹151.2 Cr, Up 11.5% YoY; EBITDA Grows 7.2% YoY
Onward Technologies reported Q1 FY27 revenue of ₹151.2 Crore, up 11.5% YoY and 8.7% QoQ. EBITDA grew 7.2% YoY to ₹18.4 Crore, with margins at 12.3%. PAT was ₹11.2 Crore, up 16.9% QoQ. The company secured a ₹33 Crore ODC contract and completed its share buyback program.
The results show positive growth and a new contract win, which are beneficial for the company. However, the impact is medium as it pertains to a single quarter's performance and doesn't indicate a fundamental shift in the company's long-term trajectory beyond continued growth.
The company reported record revenue, strong year-over-year and sequential growth in revenue and EBITDA, and secured a significant new contract, indicating positive business performance.
Onward Technologies Limited announced its financial results for the first quarter ending June 30, 2026, reporting a record total revenue of ₹151.2 Crore. This represents an 11.5% year-over-year (YoY) increase and an 8.7% sequential growth compared to the previous quarter.
The company's EBITDA for the quarter stood at ₹18.4 Crore, marking a 7.2% YoY increase and a significant 20% sequential growth. The EBITDA margin expanded by 113 basis points sequentially to 12.3%.
Profit After Tax (PAT) was reported at ₹11.2 Crore, an increase of 16.9% QoQ, with a PAT margin of 7.5%. The diluted Earnings Per Share (EPS) for the quarter was ₹4.98.
Key business highlights include winning a ₹33 Crore contract to establish a dedicated Offshore Development Center (ODC) for a leading global power management company. Additionally, the company successfully completed its Q1 FY27 share buyback program. The number of clients billing over US$1 million increased to 18 from 16 in the previous quarter.
Mr. Jigar Mehta, Managing Director, expressed satisfaction with the performance, noting the strong revenue and EBITDA growth. He stated that the outlook for the year remains unchanged, with targets for double-digit revenue and EBITDA growth for FY27, emphasizing disciplined execution and operational excellence.
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