Onward Technologies Q2 & H1FY27: Revenue Surges 22.2% YoY to ₹171.2 Cr, PAT Jumps 41.2% to ₹16.8 Cr
Onward Technologies reported a 22.2% YoY revenue increase to ₹171.2 Cr in Q2 FY27, with PAT up 41.2% to ₹16.8 Cr. H1 FY27 revenue grew 16.9% to ₹322.4 Cr, and PAT rose 13.4% to ₹27.9 Cr. The company has a positive FY27 outlook, targeting 15-18% revenue growth and 13.8-14.3% EBITDA margins, driven by AI and digital engineering.
The announcement details significant year-on-year growth in key financial metrics like revenue and profit, along with strategic contract wins and a positive future outlook, which are material factors for investors.
The company reported strong year-on-year growth in revenue and profit, along with positive management commentary and an optimistic future outlook, indicating a favorable financial performance and strategic direction.
Onward Technologies Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a record revenue of ₹171.2 crore for Q2 FY27, marking a significant year-on-year increase of 22.2%. This growth was primarily driven by strategic account expansion, increased wallet share, and AI-driven digital engineering initiatives. Profit After Tax (PAT) for the quarter surged by 41.2% YoY to ₹16.8 crore, reflecting improved operating efficiency. The company's EBITDA also saw a substantial increase of 33.7% YoY to ₹26.6 crore, with EBITDA margin improving to 15.6% from 12.3% in the previous year.
For the half-year ended September 30, 2026 (H1 FY27), total revenue grew by 16.9% YoY to ₹322.4 crore, and PAT increased by 13.4% YoY to ₹27.9 crore. EBITDA for H1 FY27 rose by 21.4% YoY to ₹44.9 crore, with an EBITDA margin of 14.0%.
Managing Director Mr. Jigar Mehta highlighted that the Q2 performance was a significant step forward in both scale and profitability, driven by deeper customer engagement, improved utilization, higher productivity, and disciplined offshore execution. He also noted encouraging traction in Digital Engineering and AI-led transformation initiatives. The company added 432 net new employees in H1 FY27, bringing the total workforce to 2,917 professionals.
Strategic wins include the renewal of a ₹44.5 crore contract for managed digital services over three years, with a 72% increase in contract value compared to the previous term. The company's revenue mix for H1 FY27 comprised 65% from Industrial & Heavy Machinery, 32% from Transportation & Mobility, and 3% from Healthcare & Life Sciences.
Looking ahead, Onward Technologies has provided a full-year outlook for FY27, projecting revenue growth of 15%–18% and an EBITDA margin of 13.8%–14.3%. Key growth drivers identified include AI & Data Center Infrastructure, ER&D Outsourcing shifts, USA-led client expansion, margin expansion, and the company's scale and financial strength with over 2,900 employees and a net cash position. The company reiterated its commitment to delivering double-digit revenue and EBITDA growth over the mid and long term.
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Onward Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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