{"id":"f-80ae245e0c-4c0f6269-7211-5054-b5c5-d7fdc23f0bd0","title":"Onward Technologies Continues Growth Momentum","description":"","timestamp":1768572663,"category":"business","headline":"Onward Technologies Continues Growth Momentum","modifiedHeadline":"Onward Technologies Shows Continued Growth","subCategories":["scid_4d81caea"],"region":"IN","bundleMetaData":{"bundleId":"f0174910-1006-4696-b0a0-c46669d6afc7","bundleTitle":"Boost your career","cardData":null},"iabCategoryId":"68","fcSummary":"onward technologies limited reported strong financial results for 9mfy26 with rs. 411.8 crore revenue and 13.9% ebitda margin, and achieved a record quarterly ebitda margin of 14.6% in q3fy26, driven by delivery-led growth and new client acquisitions.","summary":"Onward Technologies reports continued growth, showcasing robust financial performance and strategic expansion in the tech sector.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-4c0f6269-7211-5054-b5c5-d7fdc23f0bd0","sourceUrl":"https://www.news18.com/agency-feeds/onward-technologies-continues-growth-momentum-9837058.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/SNyu004VO_C0.webp","content":"

Mumbai, Maharashtra, India – Business Wire India

• 9MFY26 Total revenue of Rs. 411.8 crore and EBITDA margin of 13.9%

• Q3FY26 Total revenue of Rs. 136.1 crore with highest-ever quarterly EBITDA margin of 14.6%

\n\n

Onward Technologies Limited (BSE: 517536) (NSE: ONWARDTEC), a software outsourcing company, specializing in digital and ER&D services, announced today its financial results for the Third Quarter and Nine Months of FY26 ended on 31st December 2025.

\n\n

Commenting on the results, Mr. Jigar Mehta, Managing Director, Onward Technologies, said, “We are pleased with the progress achieved in the third quarter and first nine months of FY26. We delivered total revenue of Rs. 411.8 crore, reflecting 11.7% YoY growth, with an EBITDA margin of 13.9% and EBITDA of Rs. 56.5 crore, our highest to the date and fully aligned with our annual guidance. This strong performance was driven by delivery-led growth through disciplined execution and focused account management.

\n\n

During this period, we added four new large clients, primarily through our existing client references, further strengthening our active client portfolio. Maintaining this momentum, in Q3FY26, we recorded total revenue of Rs. 136.1 crore with an EBITDA margin of 14.6%, representing a record quarterly margin. With continued investments in scaling our top 25 client relationships and healthy demand for digital engineering services, we remain confident of achieving double-digit growth through FY26.

We have completed total CAPEX investments of Rs. 18.6 crore so far this year and remain committed to further investments across all three geographies in FY26. Details for FY26-27 will be shared following budget finalization. Additionally, our automation initiatives are further strengthening operational efficiency, which will contribute positively to margin improvement going forward.

\n\n

As we build on this performance, we remain committed to driving sustainable growth, deepening client partnerships and strengthening our position as a trusted engineering and digital services partner globally.”

Consolidated Financial Highlights for the Quarter Ended 31st December 2025

Particulars (in Rs. Crore)

Q3 FY26

Q2 FY26

Q3 FY25

YoY Growth

9M FY26

9M FY25

YoY Growth

Total Revenue

136.1

140.1

124.5

9.3%

411.8

368.5

11.7%

EBITDA

19.6

19.9

11.2

74.8%

56.5

30.9

83.1%

EBITDA Margin (%)

14.6%

14.3%

9.1%

548 bps

13.9%

8.5%

542 bps

\n\n

Profit After Tax (PAT)*

12.6

11.9

6.0

109.0%

37.1

16.7

122.5%

PAT Margin (%)*

9.4%

8.6%

4.9%

447 bps

9.1%

4.6%

454 bps

EPS (Rs.)– Diluted*

5.87

5.23

2.63

123.2%

16.67

7.26

129.6%

* Excluding one-time exceptional item due to new labour code in Q3 FY26

Key Highlights – Q3 / 9M FY26

• 9M FY26

• Revenue growth of 11.7% YoY to Rs. 411.8 crore

• EBITDA margin of 13.9% at Rs. 56.5 crore

• PAT* at Rs. 37.1 crore.

• Q3 FY26 total revenue was at Rs. 136.1 crore, reflecting a growth of 9.3% YoY, with EBITDA margin at 14.6%

• Top 25 clients contribute 88% of total revenues.

\n\n

• Total headcount stood at 2,491 employees.

• Attrition at 14.7% (LTM).

* Excluding one-time exceptional item due to new labour code in Q3 FY26

About Onward Technologies Limited

Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a 2500-employee strong software and technology services outsourcing company specializing in digital, embedded, mechanical engineering for global companies in Industrial Equipment, Heavy Machinery, Power Generation, Renewables, Hydro Energy, Construction, Agricultural and Mining Equipment, Automotive, Rail Transportation, Healthcare, and Life Sciences. By working closely with North American & European manufacturers, Onward Tech helps them accelerate innovation and drive smarter products to market, while maximizing total returns on their R&D investments. With global offices and India delivery excellence centers, Onward Tech is present in 12 locations across 6 countries, offering its OEM clients the benefits of both global presence and local reach, access to an expert talent pool, and the agility to ramp up complex engineering projects rapidly. For more information, please visit www.onwardgroup.com.

\n\n

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

","readDurationInMinutes":"7","author":{"name":"News18","logo":"https://glance-mob.glance-cdn.com/public/bubble/png/93a0a932-2fe3-40ed-bfdb-4582706f8183.jpeg"},"ism":false,"analyticsResponses":[],"pointerSummary":["Onward Technologies reports 9MFY26 revenue of Rs. 411.8 crore, 13.9% EBITDA margin.","Q3 FY26 revenue Rs. 136.1 crore, record 14.6% quarterly EBITDA margin.","Company adds four new large clients, driving double-digit growth."],"tags":["OnwardTechnologies","FinancialResults","SoftwareOutsourcing","ERandD","DigitalServices","Q3FY26","9MFY26","RevenueGrowth","EBITDA","JigarMehta","ClientAcquisition","Automation","OperationalEfficiency","EngineeringServices","TechServices","ONWARDTEC","BSE","NSE","India","Mumbai"],"consent":true,"redirectionEnabled":false}

Onward Technologies Continues Growth Momentum

SUMMARY