ONWARDTEC Onward Technologies Q2 FY27 results (Jul–Sep 2026) and concall
Onward Technologies had its best quarter yet in Q2 FY27. Revenue reached INR 170.2 crores (+22.4% YoY) and EBITDA margin hit a record 15.6%, helped by higher offshore utilization, stronger offshore delivery and an INR ~2.9 crore UK R&D credit. On the back of strong H1 execution and visibility in North America, especially AI data-centre-related engineering for industrial customers, management raised FY27 guidance to 15-18% revenue growth and a 13.8-14.3% EBITDA margin. The main things to watch are working capital (DSO at 80 days), how fast the company can build capacity through hiring and new d
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What they filed
Q2 FY27: revenue up 19.4%, net profit up 50.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 99 | 103 | 108 | 102 +6% | 103 +4% | 112 +9% | 129 +19% |
| EBITDA | 10 | 7 | 14 | 18 | 14 +40% | 11 +57% | 15 +7% | 25 +39% |
| Net profit | 6 | 5 | 9 | 10 | 6 +0% | 6 +20% | 9 +0% | 15 +50% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
