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Onward Technologies Posts Strongest-Ever Quarter with Revenue Up 22 Percent and Raises FY27 Outlook
M
Moneycontrol•20-10-2026, 23:34
Onward Technologies Posts Strongest-Ever Quarter with Revenue Up 22 Percent and Raises FY27 Outlook
- •Onward Technologies Limited reported its strongest-ever quarter for Q2 FY27, with total revenue rising 22.2 percent year-over-year to ₹171.2 crores.
- •EBITDA surged by 33.7 percent year-over-year to reach ₹26.6 crores, accompanied by a margin of 15.6 percent driven by enhanced efficiencies and offshoring.
- •Profit After Tax for the quarter witnessed a significant increase of 41.2 percent year-over-year, standing at ₹16.8 crores.
- •The company updated its projected revenue growth for FY27 to 15 percent to 18 percent and projected EBITDA margins to 13.8 percent to 14.3 percent.
- •Onward Technologies maintained a healthy debt-free balance sheet with net cash of ₹97.1 crore and expanded its global workforce to 2,917 professionals.
Key Questions Answered
In Q2 FY27, Onward Technologies reported total revenues of ₹171.2 crores, marking a 22.2% annual growth rate. EBITDA rose to ₹26.6 crores with a 33.7% annual growth rate and a margin of 15.6%, while Profit After Tax (PAT) increased by 41.2% year-on-year to ₹16.8 crores.
Following strong performance in the second quarter and the first half of the year, Onward Technologies updated its projected revenue growth for FY27 to 15%-18% and projected EBITDA margins to 13.8%-14.3%.
During H1 FY27, Onward Technologies added 432 net new employees to reach a global workforce of 2,917 professionals. Additionally, the company maintained a healthy, debt-free balance sheet with a net cash position of ₹97.1 crore as of September 30, 2026.
