Onward Technologies Q1 FY27 Revenue 151.2 Cr

Financial Highlights

Onward Technologies Limited reported total revenue of Rs 151.2 crore for the quarter ended 30 June 2026 (Q1 FY27), representing an 11.5% increase over the same quarter a year earlier (Rs 135.6 crore) and an 8.7% rise sequentially from Q4 FY26 (Rs 139.0 crore). For the full FY26, revenue reached Rs 550.9 crore, up 10.5% from FY25’s Rs 498.5 crore.

EBITDA for Q1 FY27 was Rs 18.4 crore, up 7.2% YoY from Rs 17.1 crore and 20% QoQ from Rs 15.3 crore, lifting the EBITDA margin to 12.3% (down 60 basis points YoY but up 113 bps sequentially). FY26 EBITDA totaled Rs 71.9 crore, a 60.9% increase over FY25’s Rs 44.7 crore, with FY26 margin at 12.9% versus 13.2% in FY25.

Profit after tax (PAT) for the quarter was Rs 11.2 crore, a 12.3% decline YoY from Rs 12.7 crore but a 16.9% improvement QoQ from Rs 9.5 crore, delivering a PAT margin of 7.5% (down 210 bps YoY, up 52 bps QoQ). FY26 PAT, excluding a one‑time exceptional item related to the new labour code in Q3 FY26, stood at Rs 46.7 crore versus Rs 27.1 crore in FY25, raising the FY26 PAT margin to 8.6% (up 307 bps YoY).

Diluted earnings per share (EPS) for Q1 FY27 were Rs 4.98, down 10.5% YoY from Rs 5.57 but up 17.8% QoQ from Rs 4.23. FY26 diluted EPS, after the same exceptional adjustment, was Rs 20.57 compared with Rs 11.81 in FY25.

Business Highlights

The company won a new contract valued at Rs 33 crore to establish a dedicated Offshore Development Centre for a leading global power‑management firm. The number of clients generating billing of over US$1 million increased to 18 in Q1 FY27, up from 16 in the prior quarter. Onward Technologies also completed its Q1 share buyback programme, reflecting board confidence in cash generation and long‑term growth prospects.

Management Commentary

Managing Director Jigar Mehta stated that the quarter marked a solid start to FY27, emphasizing continued progress with strategic accounts, expansion of offshore delivery capacity, and strengthening of digital engineering and ER&D capabilities. He highlighted the 20% sequential rise in EBITDA and the 12.3% margin, noting that while programme ramp‑ups can cause variability, the company’s outlook remains unchanged with a target of double‑digit revenue and EBITDA growth for the full fiscal year.

Outlook

Onward Technologies reaffirmed its FY27 guidance, aiming for double‑digit growth in both revenue and EBITDA, and expressed confidence in delivering long‑term value through disciplined execution and operational excellence.