Onward Technologies Q1 revenue hits record ₹151.2 crore
Onward Technologies reported its highest-ever quarterly revenue of ₹151.2 crore in Q1 FY27, an 8.7% sequential increase. EBITDA grew 20% QoQ to ₹18.4 crore with margins expanding to 12.3%. The company secured a ₹33 crore ODC contract and increased its count of million-dollar clients to 18.
*this image is generated using AI for illustrative purposes only.
Onward Technologies Limited delivered its highest-ever quarterly revenue of ₹151.2 crore in Q1 FY27, marking a strong start to the financial year. This represents an increase of 8.7% sequentially and 11.5% year-on-year. The company's EBITDA stood at ₹18.4 crore, growing 20% quarter-on-quarter, while Profit After Tax (PAT) was ₹11.2 crore, up 16.9% from the preceding quarter. The performance was driven by strategic investments in digital engineering and the expansion of its offshore delivery model.
Q1 FY27 Financial Performance
The company reported improvement in profitability metrics, with EBITDA margin expanding to 12.3% from 11.2% in the prior quarter. PAT margin for the period was 7.5%. The Board of Directors approved the financial results at a meeting held on July 16, 2026. The statutory auditors issued an unmodified review conclusion on the unaudited financial results.
The table below summarises the key financial metrics for Q1 FY27:
| Particulars (₹ Crore) | Q1 FY27 | Q4 FY26 | QoQ % |
|---|---|---|---|
| Total Revenue | 151.2 | 137.1 | 8.7% |
| EBITDA | 18.4 | 15.3 | 20% |
| EBITDA Margin (%) | 12.3% | 11.2% | 113 bps |
| Profit After Tax (PAT) | 11.2 | 9.5 | 16.9% |
| PAT Margin (%) | 7.5% | 6.9% | 52 bps |
Operational Highlights
Onward Technologies secured a ₹33 crore contract to establish a dedicated Offshore Development Center (ODC) for a leading global power management company. The number of clients billing over US$1 million increased to 18 in Q1 FY27 from 16 in Q4 FY26. Additionally, the company successfully completed its Q1 FY27 share buyback programme, extinguishing 5,48,780 equity shares on June 11, 2026.
Management Commentary
Management stated that the results are outcomes of strategic investments made in digital engineering, ER&D, and offshore delivery expansion. The company is focusing on building capabilities in data centers, AI, and energy sectors to capture a large share of customer spending. The order book for the current year has crossed the previous year's revenue. Management remains confident of delivering double-digit revenue growth and double-digit EBITDA margin on an annual basis.
Historical Stock Returns for Onward Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.63% | +0.22% | +2.04% | -10.23% | -11.22% | +16.54% |
How will the new ₹33 crore ODC contract impact the company's revenue growth in the upcoming quarters?
What are the expected margins from the increased focus on AI and data center capabilities?
Will the company continue its share buyback program in the future, and how might this affect shareholder value?
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