Onward Technologies Ltd reports financial results for the quarter ended 30 June 2026 (Q1 FY27), stating record revenue of ₹151.2 crore. Multiple outlets cite year-on-year revenue growth of about 11.5% and quarter-on-quarter growth of about 8.7% compared with the prior quarter. The company also reports an increase in EBITDA, which rises to ₹18.4 crore—up 7.2% year-on-year and 20% quarter-on-quarter. However, the Free Press Journal reports that consolidated net profit declines 12.26% year-on-year to ₹11.17 crore, compared with ₹12.73 crore in the same quarter of the previous fiscal year. It also notes that profit before tax falls to ₹14.78 crore, down from ₹15.92 crore year-on-year, even as it improves sequentially. Free Press Journal further details operating expenses, including employee benefits rising to ₹109.26 crore. Revenue from India and international markets is reported with the USA contributing ₹50.42 crore. The company’s board approves the unaudited standalone and consolidated results on 16 July 2026, with statutory auditors issuing an unmodified review conclusion.
Onward Technologies reports record Q1 FY27 revenue; profit dips year-on-year
Onward Technologies Ltd reports financial results for the quarter ended 30 June 2026 (Q1 FY27), stating record revenue of ₹151.2 crore. Multiple outlets cite year-on-year revenue growth of about 11.5%...
- Onward Technologies reports Q1 FY27 revenue of ₹151.2 crore, up about 11.5% year-on-year and about 8.7% quarter-on-quarter.
- EBITDA increases to ₹18.4 crore, rising about 7.2% year-on-year and about 20% quarter-on-quarter.
- Consolidated net profit for Q1 FY27 is ₹11.17 crore, down 12.26% year-on-year.
- Profit before tax is ₹14.78 crore, down 7.20% year-on-year, but up sequentially.
- Board approves the unaudited standalone and consolidated results for the quarter ended 30 June 2026; statutory auditors issue an unmodified review conclusion.
Mumbai, Maharashtra, India – Business Wire India
2 hours agoMumbai, Maharashtra, India – Business Wire India
3 hours agoMumbai: Onward Technologies Ltd announced on Thursday a 12.26% decline in its consolidated net profit to ₹11.17 crore for the quarter ended 30 June 2026, compared to ₹12.73 crore in the corresponding quarter of the previous fiscal year.Revenue PerformanceThe company's consolidated revenue from operations for Q1 FY27 increased to ₹149.43 crore, up from ₹133.15 crore in Q1 FY26, marking a 12.23% rise. Quarter-on-quarter, revenue grew 8.98% from ₹137.12 crore in Q4 FY26.MRPL Q1 Profit Jumps To ₹945.68 Crore, Revenue Surges 46% Year-On-Year Profit Before TaxProfit before tax (PBT) for the reporting quarter stood at ₹14.78 crore, down 7.20% from ₹15.92 crore in the same period last year. Sequentially, PBT rose by 21.67% from ₹12.15 crore in the preceding quarter.Employee Expenses RiseEmployee benefits expense increased to ₹109.26 crore in Q1 FY27, compared to ₹98.13 crore in Q1 FY26, a rise of 11.34%. This also marks a 7.10% increase from ₹102.02 crore in Q4 FY26.Geographical Revenue SplitRevenue from external customers within India was ₹77.05 crore for the quarter. Outside India, USA contributed ₹50.42 crore, Europe ₹3.80 crore, and other regions (including Canada and the UK) ₹18.17 crore.Board Approves ResultsThe unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved by the company’s Board of Directors at their meeting held on 16 July 2026. The statutory auditors have issued an unmodified review conclusion on these results.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.
7 hours ago
Leeds Building Society launches 2% deposit mortgage for first-time buyers
Leeds Building Society launches a new mortgage product aimed at helping first-time buyers purchase a home with a 2% depo...
California and 11 states sue to block Paramount’s $110B Warner Bros. takeover
California and a coalition of 12 state attorneys general file an antitrust lawsuit seeking to block Paramount’s planned...
India asks seafarers to avoid voyages through the Strait of Hormuz
India asks its merchant seafarers and shipping operators to avoid taking voyages through or near the Strait of Hormuz, c...