Latest news about Onward Technologies
Onward Technologies
265.71
-7.88(-2.88%)
Company Performance:
View Company Insights1D-2.88%
1M+5.66%
6M-8.52%
1Y+8.08%
5Y+121.98%
More news about Onward Technologies
26Feb 26
Onward Technologies: Co Gets Relief As Court Drops Citibank Citation
Onward Technologies has secured a favorable legal outcome with the Circuit Court of Cook County, Illinois vacating its fund freezing order and dismissing the Citibank citation. The court order removes the USD 1,258,000.00 fund restriction and provides complete closure to litigation initiated by a former employee, with no material adverse impact expected on the company's financials or operations.
02Feb 26
Onward Technologies Clarifies Timing of Recent Regulatory Disclosure Under SEBI LODR
Onward Technologies Limited clarified to BSE that its January 30, 2026 disclosure delay was due to receiving an order late on January 28, 2026, after business hours, requiring legal review and internal assessment before announcement. Managing Director Jigar Mehta emphasized no intentional delay occurred, and the company reaffirmed its commitment to timely regulatory compliance under SEBI LODR Regulations.
30Jan 26
Onward Technologies US Subsidiary Successfully Vacates Court Judgment in Employee Wage Dispute
Onward Technologies Limited announced that its US subsidiary OTI successfully vacated an ex-parte judgment from Cook County Circuit Court related to an employee wage dispute. The court granted OTI's petition on January 27, 2026, and provided 30 days to file defense in the original case. The company confirmed no current enforceable monetary liability and expects no material adverse impact on financials or operations.
30Jan 26
Onward Technologies Allots 7,400 Equity Shares Under Employee Stock Option Scheme 2019
Onward Technologies Limited has allotted 7,400 equity shares under its Employee Stock Option Scheme 2019 on January 30, 2026, at ₹20 per share to eligible employees who exercised their vested options. The allotment increases the company's total issued shares to 2,27,50,370 and share capital to ₹22,75,03,700. The newly issued shares rank pari-passu with existing equity shares and are listed on BSE and NSE under codes 517536 and ONWARDTEC respectively.
23Jan 26
Onward Technologies Reports Strong Q3 FY26 Performance with 11.7% Revenue Growth
Onward Technologies delivered strong Q3 FY26 results with nine-month revenue of ₹411.8 crores (11.7% YoY growth) and EBITDA margin of 13.9%, exceeding targets. The company completed leadership restructuring across three verticals - IEHM, Transportation & Mobility, and HCLS - while expanding offshore delivery capabilities. With quarterly revenue of ₹136.1 crores and improved operational metrics, the company maintains its double-digit growth guidance for the next three years.
16Jan 26
Onward Technologies Reports 67.4% YoY Growth in Q3FY26 Net Profit to ₹1,010.20 Lakhs
Onward Technologies Limited reported consolidated net profit of ₹1,010.20 lakhs for Q3FY26, marking a 67.4% year-over-year increase from ₹603.56 lakhs in Q3FY25. Revenue from operations grew 9.1% YoY to ₹13,461.73 lakhs. The nine-month period showed exceptional performance with net profit surging 108.6% to ₹3,477.21 lakhs. Results included exceptional items of ₹315.50 lakhs related to new labour code implementation affecting gratuity costs.
16Jan 26
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.
09Jan 26
Onward Technologies Limited Schedules Board Meeting for January 16, 2026 to Approve Q3FY26 Financial Results
Onward Technologies Limited has scheduled its board meeting for January 16, 2026, to approve Q3FY26 unaudited consolidated and standalone financial results for the quarter ended December 31, 2025. The meeting notification complies with SEBI Regulation 29(1) requirements, and the company has indicated that its trading window will reopen 48 hours after results publication in accordance with insider trading prevention protocols.
24Oct 25
Onward Technologies Reports Record Q2 FY26 with 14.3% EBITDA Margin
Onward Technologies, a global engineering and IT services provider, announced record-breaking Q2 FY2026 results. EBITDA margins improved to 14.30%, revenue growth transitioned to double digits year-over-year, and LTM attrition rate decreased to 15.49%. The company maintains a stable headcount of 2,525 employees despite significant revenue growth. Onward Technologies focuses on three main verticals: Industrial Equipment and Heavy Machinery, Transportation & Mobility, and Healthcare, primarily serving North American and European markets. The company invested INR 18.00 crores in infrastructure upgrades and expects continued double-digit revenue and EBITDA growth. Management is transitioning towards digital and software services with an emphasis on AI capabilities and deepening existing client relationships.
17Oct 25
Onward Technologies Reports Record Q2FY26 Revenue of ₹140.1 Crore with 14.3% EBITDA Margin
Onward Technologies Limited announced its Q2 and H1 FY26 results, reporting a 12.4% year-over-year increase in quarterly consolidated revenue to ₹140.1 crore. The company achieved a record EBITDA margin of 14.3%, with EBITDA growing 151.9% YoY to ₹19.9 crore. Profit after tax rose 230.6% YoY to ₹11.9 crore. For H1 FY26, total revenue increased 13.0% to ₹275.7 crore with an EBITDA margin of 13.6%. The company maintains a strong focus on Industrial Equipment & Heavy Machinery, Transportation & Mobility, and Healthcare & Life Sciences verticals.
11Aug 25
Onward Technologies Expands Chennai Operations, Doubling Workforce Capacity
Onward Technologies, a digital engineering services provider, is expanding its Chennai operations by relocating to its largest Design Center in India. The company plans to double its workforce from 1,000 to 2,000 employees, focusing on Industrial Equipment, Heavy Machinery, Transportation, and Mobility sectors. The expanded center will serve as a hub for digital and engineering R&D services, featuring state-of-the-art training centers, software labs, and enhanced employee amenities. This move is in response to growing demand for offshore services from USA and Europe clients.
01Aug 25
Onward Technologies Strategically Relocates European Offices to Birmingham and Munich
Onward Technologies Limited has relocated its European offices to Birmingham, UK, and Munich, Germany. This strategic move aims to align the company more closely with key automotive and global mobility industry customers. The relocation reflects a shift in Onward Technologies' international business model, positioning the company to better serve and collaborate with clients in these sectors.
22Jul 25
Onward Technologies Achieves Record Q1 FY26 Results with 12.9% EBITDA Margin
Onward Technologies achieved its highest-ever consolidated revenues of INR 135.60 crores in Q1 FY26, with a record EBITDA margin of 12.90%. The company has approximately 2,570 full-time employees and an attrition rate of 16.50%. It serves over 75 customers in Industrial Equipment & Heavy Machinery and Transportation & Mobility verticals. Onward Technologies is expanding its presence in North America and Europe, investing in a new Healthcare vertical, and upgrading infrastructure. The company aims for double-digit annual revenue and EBITDA growth, projecting to reach about 2,700 employees by March 2025.
16Jul 25
Onward Technologies: Q1 Profit Surges 80%, Revenue Up 13.56%
Onward Technologies Limited has reported strong Q1 financial results. The company's consolidated net profit increased by 80% to ₹12.73 crore, while revenue grew by 13.56% to ₹135.61 crore. The EBITDA margin improved to 12.90%. Industrial Equipment & Heavy Machinery segment contributed 59% of total revenue, while Transportation & Mobility accounted for 36%. The company's total headcount stands at 2,570 employees with a 16.50% LTM attrition rate.
16May 25
Onward Tech Reports Strong Q4 Results, Declares ₹5 Per Share Dividend
Onward Technologies Ltd announced strong Q4 results with a 73.33% quarter-on-quarter increase in consolidated net profit to ₹104.00 million. Revenue grew by 3.25% to ₹1.27 billion. The company's EBIT rose to ₹104.00 million, with an improved EBIT margin of 8.18%. Additionally, Onward Technologies declared a dividend of ₹5.00 per share, signaling confidence in its financial health.
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