Onward Technologies Ltd's Q1FY26 Quarterly Results

Result Summary

• Onward Technologies Ltd reported a 11.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 13.6%.
• Its expenses for the quarter were up by 6.6% QoQ and 9.1% YoY.
• The net profit increased 90.6% QoQ and increased 79.5% YoY.
• The earnings per share (EPS) of Onward Technologies Ltd stood at 5.6 during Q1FY26.

Financial Statments for Q1FY26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Onward Technologies Ltd is a prominent player in the technology sector, primarily engaged in providing digital transformation and engineering services. The company's offerings include product engineering, data analytics, and enterprise solutions, catering to a diverse range of industries such as automotive, industrial equipment, and healthcare. Established as a leader in engineering design and IT consulting, Onward Technologies leverages advanced technologies to deliver innovative solutions to its clients. As of the latest updates, there are no specific major developments available regarding the company beyond the financial data provided.

Revenue

For Q1FY26, Onward Technologies Ltd reported a total income of ₹135.62 crores, representing an 11.8% increase compared to ₹121.26 crores in Q4FY25 and a 13.6% increase from ₹119.42 crores in Q1FY25. This growth in total income suggests a positive trend in the company's revenue generation capabilities over both the quarter and the year. The data indicates robust revenue performance, with consistent increases observed on both a quarterly and annual basis, highlighting the company's ability to enhance its income streams effectively.

Profitability

The profitability metrics of Onward Technologies Ltd show a substantial improvement in Q1FY26. The profit before tax stood at ₹15.92 crores, a significant rise of 76.7% from ₹9.01 crores in Q4FY25 and an increase of 64.5% from ₹9.68 crores in Q1FY25. After accounting for tax expenses of ₹3.19 crores, the profit after tax for Q1FY26 was ₹12.73 crores, marking a 90.6% increase quarter-over-quarter and a 79.5% rise year-over-year. This sharp increase in profitability reflects the company's successful cost management and revenue enhancement strategies, as evidenced by the considerable growth in earnings per share, which reached ₹5.60 in Q1FY26, up from ₹2.90 in Q4FY25 and ₹3.10 in Q1FY25.

Operating Metrics

In terms of operating metrics, the total expenses for Onward Technologies Ltd in Q1FY26 amounted to ₹119.69 crores, which is a 6.6% increase from ₹112.25 crores in Q4FY25 and a 9.1% rise from ₹109.73 crores in Q1FY25. The increase in expenses, while notable, is outpaced by the growth in total income, contributing to improved operating margins. The tax expense for Q1FY26 was ₹3.19 crores, which also saw an increase of 37.5% from the previous quarter and 23.2% compared to the same quarter last year. These metrics reflect the company's operational scale and efficiency, alongside its capacity to manage costs relative to its revenue growth.