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Onward Tech Shares Surge 20 Percent to Upper Circuit Following Strong Q2 Results
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CNBC TV18•16-10-2026, 12:56
Onward Tech Shares Surge 20 Percent to Upper Circuit Following Strong Q2 Results
- •Onward Tech Ltd shares hit a 20 percent upper circuit reaching a 52-week high of ₹427.4 following its September quarter results.
- •The transport and mobility tech solutions provider reported a 41.7 percent year-on-year jump in net profit, rising to ₹17 crore.
- •Revenue for the quarter grew by 22.4 percent year-on-year to ₹170.2 crore compared to ₹139 crore in the previous year.
- •EBITDA increased by 34 percent to ₹26.6 crore with margins expanding by over 100 basis points to 15.6 percent.
- •The Mumbai-based company has a market capitalisation of over ₹950 crore and provides digital and ER&D services globally.
Key Questions Answered
Onward Tech shares hit a 20% upper circuit after the company announced its September quarter results, reporting a 41.7% year-on-year jump in net profit and a 22.4% increase in revenue.
For the September quarter, Onward Tech's net profit rose to ₹17 crore from ₹12 crore year-on-year, while its revenue increased by 22.4% to reach ₹170.2 crore compared to ₹139 crore in the same period last year.
Onward Tech is a specialized software outsourcing firm based in Mumbai that delivers Digital and Engineering Research & Development services for transportation, healthcare, and industrial sectors, with operations spanning North America and Europe.
