Onward Technologies Q1FY26 Net Profit Jumps 79.6% YoY to ₹1,273.09 Lakh; Stock Hits 5% Upper Circuit
By Shishta Dutta | Published at: Jul 16, 2025 02:18 PM IST
Mumbai, July 16, 2025: Onward Technologies Ltd (NSE: ONWARDTEC, BSE: 517536) announced impressive financial results for the first quarter of fiscal year 2026 (Q1FY26), with its consolidated net profit surging by 79.6% year-on-year (YoY) to ₹1,273.09 lakh. This is a significant increase from the ₹708.77 lakh reported in Q1FY25. Following the announcement, the company’s stock experienced a positive reaction from investors, rising by 5% to ₹379.95 on the NSE as of 1:30 PM IST.
Key Consolidated Financials (₹ in lakh)
| Particulars | Q1FY26 | Q4FY25 | Q1FY25 | YoY (%) | QoQ (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 13,315.08 | 12,728.77 | 11,759.73 | 13.2 | 4.6 |
| Total Income | 13,561.77 | 12,998.20 | 11,942.14 | 13.6 | 4.3 |
| Profit Before Tax (PBT) | 1,592.31 | 1,256.79 | 968.12 | 64.5 | 26.7 |
| Net Profit | 1,273.09 | 1,041.23 | 708.77 | 79.6 | 22.2 |
| EPS (Basic) (₹) | 5.61 | 4.59 | 3.14 | 78.7 | 22.2 |
*EBITDA is estimated as Total Income minus Total Expenses, excluding Finance Costs and Depreciation.
Standalone Performance
| Particulars | Q1FY26 | Q1FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | 10,332.12 | 8,954.92 | 15.4 |
| Net Profit | 932.51 | 761.10 | 22.5 |
| EPS (Basic) (₹) | 4.11 | 3.38 | 21.6 |
Segment & Geographical Highlights
Onward Technologies maintains a diverse revenue stream across various geographies:
- India continues to be the largest market, contributing ₹7,543.36 lakh in revenue.
- USA generated ₹3,656.87 lakh in revenue.
- Europe contributed ₹603.18 lakh.
- Others (including Canada and the UK) collectively accounted for ₹1,511.67 lakh.
The company’s focused verticals for revenue generation in Q1FY26 were:
- Industrial Equipment & Heavy Machinery (IE&HM): 59% of consolidated revenues
- Transportation & Mobility (T&M): 36% of consolidated revenues
- Healthcare & Life Sciences (HCLS): 3% of consolidated revenues
Strategic Announcements
- New Appointment: Mr. Aakash Joshi has been appointed as Company Secretary and Compliance Officer effective July 16, 2025. He brings over six years of post-qualification experience in corporate compliance and legal affairs and has been with the company for two years.
Management Commentary
Jigar Mehta, Managing Director, stated: “We are pleased with our strong start to FY26, reflecting our consistent growth across geographies and robust operational execution. Our focus on digital engineering services and global client engagements continues to yield results.”
Stock Performance Snapshot (as of 1:30 PM IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹379.95 |
| Day’s High / Low | ₹379.95/ ₹350.00 |
| Previous Close | ₹361.90 |
| 52-Week High / Low | ₹508.00 / ₹206.00 |
| Volume Traded | 0.78 lakh |
| VWAP | ₹370.31 |
What Does it Mean for the Company and the Investors?
Onward Technologies’ strong Q1FY26 earnings, with a 79.6% YoY jump in net profit, signal robust demand across its key verticals, especially in industrial engineering and mobility. The 5% upper circuit reflects strong investor confidence in its growth momentum and operational strength. Expanding revenue across India, the US, and Europe shows geographical resilience, while the focus on digital engineering adds to future scalability. With improving profitability, strong earnings visibility, and positive management commentary, the company remains well-positioned for sustained investor interest in the near to medium term.
Company Overview
Onward Technologies Ltd, listed on NSE and BSE, is a leading global player in digital and engineering services. The company caters to key industries including automotive, industrial equipment, and healthcare through its global delivery centres across North America, Europe, and India. It is part of the BE (Trade-for-Trade) segment on NSE and has been listed since March 7, 2001.
REF: https://nsearchives.nseindia.com/corporate/MD11015_16072025110521_OTL_Outcome_of_BM_Q1_FY_25-26.pdf
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