Onward Technologies Limited
Established in 1991 Onward Technologies Ltd is a tech company focusing on Engineering Research & Development (ER&D), Digital Transformation and IT consulting services (ITS).Headquartered at Mumbai and has clients across India, USA, UK & Europe. The promoters have 3 Decades of Experience in the IT Industry.
What Onward files
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Onward Technologies reported Q1 revenue of ₹151.2 Cr (+11.5% YoY) and EBITDA of ₹18.4 Cr (+20% QoQ). Key wins include a ₹33 Cr Offshore Development Center contract. Million-dollar clients rose to 18. A share buyback was completed, reflecting confidence.
Onward Technologies delivered its strongest annual performance, reporting record revenue of ₹550.9 Cr, EBITDA of ₹71.9 Cr (+60.9% YoY), and PAT of ₹46.7 Cr (+72.3% YoY). The board declared a dividend of ₹8/share, up from ₹5. The company targets sustained double-digit growth.
Onward Technologies reported robust Q3 financials: revenue ₹136.1 Cr (+9.3% YoY) with record 14.6% EBITDA margin. 9M revenue grew to ₹411.8 Cr (+11.7% YoY), EBITDA at ₹56.5 Cr. New client additions and automation initiatives underpin continued double-digit growth expectations.
Onward Technologies sustained growth, with total revenue up 12.4% YoY to ₹140.1 Cr. Record EBITDA margin of 14.3% reflects strong operational efficiency, driven by key verticals like Industrial Equipment (63%) and Transportation (34%). Focus on strategic clients continues.
Onward Technologies is significantly scaling up its Chennai operations by relocating to its largest design center in India. This strategic expansion aims to meet growing offshore demand from USA and European clients across industrial equipment, heavy machinery, transportation, and mobility sectors. The company plans to double its Chennai employee capacity...