Onward Technologies Reports Record Q2FY26 Revenue of ₹140.1 Crore with 14.3% EBITDA Margin

Onward Technologies Limited, a prominent player in the technology sector, has released its financial results for the second quarter and half-year ended September 30, 2025, showcasing significant growth and improved profitability.

Key Highlights

Quarterly consolidated revenue increased to ₹140.1 crore, marking a 12.4% year-over-year increase and 3.3% quarter-over-quarter growth.
Record EBITDA margin of 14.3%, expanding 144 basis points sequentially from 12.9% in the previous quarter.
EBITDA grew 151.9% year-over-year to ₹19.9 crore.
Profit after tax reached ₹11.9 crore, up 230.6% year-over-year, though down 6.5% quarter-over-quarter.
For the half-year period, total revenue increased 13.0% to ₹275.7 crore with EBITDA margin at 13.6%.

Business Performance

Onward Technologies, specializing in digital and ER&D services, maintained its focus on three key verticals:

Industrial Equipment & Heavy Machinery (63% of revenue)
Transportation & Mobility (34%)
Healthcare & Life Sciences (3%)

The company employs 2,525 people with attrition at 15.49% and maintains 74 active clients, with top 25 clients contributing 87% of total revenues.

Consolidated Financial Performance

The consolidated financial results include the performance of Onward Technologies Limited and its subsidiaries. Notable figures from the unreviewed subsidiaries include:

Metric	Amount (₹ in lakhs)
Total assets of unreviewed subsidiaries	3,482.30
Revenue (Quarter ended Sept 30)	1,293.00
Revenue (Half-year ended Sept 30)	2,635.78
Net profit after tax (Quarter)	151.28
Net profit after tax (Half-year)	292.01
Total comprehensive income (Quarter)	169.19
Total comprehensive income (Half-year)	349.99
Cash flows (net) for half-year	103.45

These figures represent only the unreviewed subsidiaries and are before consolidation adjustments.

Compliance and Disclosure

Onward Technologies Limited has prepared and presented these financial results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continues to maintain transparency in its financial reporting, adhering to the Indian Accounting Standard 34 "Interim Financial Reporting" and other generally accepted accounting principles in India.

Conclusion

Onward Technologies has reported strong growth in revenue and profitability for Q2FY26. The company's focus on key verticals and improved EBITDA margins demonstrate its ability to capitalize on market opportunities and optimize operations. While there was a slight quarter-over-quarter decline in profit after tax, the significant year-over-year growth indicates a positive trajectory for the company.

Note: All financial figures mentioned are based on the company's reported data and may be subject to further review or adjustments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.73%	-2.59%	-1.19%	+22.46%	-26.75%	+355.01%

Onward Technologies Limited, a Mumbai-headquartered digital engineering services provider, has announced a significant expansion of its Chennai operations. The company is relocating to its largest Design Center in India, with plans to double its workforce capacity in the city.

Expansion Details

Current workforce in Chennai: 1,000 employees
Planned expansion: Increase to 2,000 employees
Focus industries: Industrial Equipment, Heavy Machinery, Transportation, and Mobility

The expanded Chennai design center will serve as a hub for digital and engineering research & development (ER&D) services, supporting Onward Technologies' global clients.

Strategic Growth

Jigar Mehta, Managing Director of Onward Technologies, explained the rationale behind the expansion: "In response to the growing demand for offshore services from USA and Europe clients, Onward Tech will continue to invest in its global delivery model."

The new facility will feature:

State-of-the-art training centers
Software labs
Enhanced employee amenities

Global Presence

Onward Technologies has a significant global footprint:

Total employees: Over 2,500
Offices: 12 across 6 countries
Offshore development centers: Chennai, Pune, Bengaluru, and Hyderabad

Company Profile

Onward Technologies specializes in digital and ER&D services, helping global OEMs improve speed to market, accelerate innovation, and maximize returns on R&D investments. The company supports multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery, and Healthcare verticals.

This expansion reinforces Onward Technologies' commitment to strengthening its global delivery network and responding swiftly to dynamic client requirements. The Chennai design centre, now the company's largest, will play a crucial role in offering offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services.