Onward Technologies Reports Record Revenue and Profit for FY26
Onward Technologies Delivers Record FY26 Revenue INR 550.9 Cr; Ebitda INR 71.9 Cr up 60.9% Yoy; Pat INR 46.7 Cr up 72.3% Yoy; INR 8 Dividend Recommended
Business Standard
Image: Business Standard
Onward Technologies Limited, a digital engineering services provider based in Mumbai, India, reported record revenue of INR 550.9 crore (approximately $66.6 million USD) for FY26, marking a 10.5% increase year-over-year. The company also announced a 72.3% rise in profit after tax to INR 46.7 crore and recommended a dividend of INR 8 per share.
- 01Onward Technologies achieved record revenue of INR 550.9 crore for FY26.
- 02The company's EBITDA grew 60.9% year-over-year to INR 71.9 crore.
- 03Profit after tax increased by 72.3% to INR 46.7 crore.
- 04The Board recommended a dividend of INR 8 per share, up from INR 5 last year.
- 05The company maintains a strong focus on engineering services and strategic account engagement.
Advertisement
In-Article Ad
Onward Technologies Limited (BSE: 517536, NSE: ONWARDTEC), a Mumbai-based global digital engineering and engineering research and development services partner, announced its financial results for the fiscal year ending March 31, 2026. The company achieved a record revenue of INR 550.9 crore (approximately $66.6 million USD), reflecting a 10.5% year-over-year growth. EBITDA reached INR 71.9 crore, with a margin of 13.2%, marking a 60.9% increase compared to the previous year. Profit after tax (PAT) also saw a significant rise, increasing by 72.3% to INR 46.7 crore. The company reported strong operating cash flow and a disciplined approach to working capital management. In line with its commitment to shareholder returns, Onward Technologies' Board has recommended a dividend of INR 8 per share, continuing its streak of 11 consecutive annual dividends. The company aims to sustain its growth trajectory by focusing on delivery-led growth, enhancing its offshore model, and deepening strategic account relationships as it enters FY27.
Advertisement
In-Article Ad
The strong financial performance of Onward Technologies suggests robust demand for engineering services, which may lead to increased job security and potential growth in employment within the sector.
Advertisement
In-Article Ad
Reader Poll
Do you think Onward Technologies will continue its growth in FY27?
Connecting to poll...
Read the original article
Visit the source for the complete story.