Onward Technologies Q3 Results: Revenue Flat at ₹1.4B, EBIT Margin Drops to 11.5%
Onward Technologies delivered mixed Q3 results with revenue remaining flat at ₹1.40 billion year-on-year while facing profitability pressures. The IT software company saw its EBIT margin compress to 11.50% from 12.70% quarter-on-quarter and net profit decline to ₹101 million from ₹119 million sequentially, indicating operational challenges despite stable top-line performance.

*this image is generated using AI for illustrative purposes only.
Onward Technologies has reported its consolidated financial results for the third quarter, showing mixed performance with revenue remaining flat year-on-year while profitability and operational efficiency faced pressure. The IT software company's latest quarterly results indicate revenue of ₹1.40 billion, unchanged from the same quarter in the previous year, alongside sequential declines in key profitability metrics.
Revenue and Financial Performance Overview
The company's Q3 revenue performance remained stable at ₹1.40 billion compared to ₹1.40 billion in the corresponding quarter of the previous year, indicating no growth in top-line performance. However, profitability metrics showed sequential declines, reflecting operational challenges during the reporting period.
| Financial Metric: | Q3 Results | Comparison | Change |
|---|---|---|---|
| Revenue (YoY): | ₹1.40 billion | ₹1.40 billion | Flat |
| Consolidated Net Profit (QoQ): | ₹101.00 million | ₹119.00 million | Decline |
| EBIT (QoQ): | ₹155.00 million | ₹156.00 million | Decline |
| EBIT Margin (QoQ): | 11.50% | 12.70% | -120 bps |
Operational Efficiency Metrics
The company's EBIT performance showed marginal decline with earnings before interest and tax reaching ₹155.00 million in Q3 compared to ₹156.00 million in the previous quarter. More significantly, the EBIT margin compressed to 11.50% from 12.70% quarter-on-quarter, representing a 120 basis points decline in operational efficiency.
Company Profile
Onward Technologies operates in the IT software sector and is classified as a small-cap company. While revenue remained stable year-on-year, the sequential decline in both net profit and EBIT margin suggests the company faced operational challenges during the third quarter, impacting both bottom-line profitability and operational efficiency metrics.
Historical Stock Returns for Onward Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.55% | +7.27% | +17.58% | -5.43% | +8.18% | +213.61% |



































