| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 137.12 | 1.9% | 7.7% |
| Total Income | 139.04 | 2.1% | 7.0% |
| Expenditure | 126.89 | 5.9% | 8.1% |
| PBT | 12.15 | 7.5% | 3.3% |
| Net Profit | 9.55 | 5.5% | 8.3% |
| OPM | 11.16% | 1.00pp | 0.28pp |
| NPM | 6.87% | 0.55pp | 1.14pp |
| EPS | 4.26 | 5.3% | 7.2% |
Onward Tech FY26: Record ₹550.9 Cr Revenue, ₹71.9 Cr EBITDA, Dividend ₹8/Share
05 May 2026 · 5 May, 3:48 pm
Summary
Onward Technologies Limited reported its strongest annual performance in FY26, achieving a record revenue of ₹550.9 crore, an increase of 10.5% year-on-year. The company also posted a record EBITDA of ₹71.9 crore, up 60.9% year-on-year, with margins expanding to 13.2%, and a record Profit After Tax of ₹46.7 crore, soaring by 72.3% year-on-year. For Q4 FY26, total revenue was ₹139.0 crore, growing 6.9% year-on-year. Managing Director Mr. Jigar Mehta attributed this performance to execution excellence and strong cash generation, noting sustained momentum across ER&D and digital engineering services. The company plans to focus on delivery-led growth and strategic account deepening in FY27 to drive sustained double-digit revenue and EBITDA growth.
Key Highlights
- 1
Onward Technologies delivered its strongest annual performance in FY26, reporting a highest-ever revenue of ₹550.9 crore, representing a 10.5% year-on-year growth.
- 2
For FY26, the company achieved a record EBITDA of ₹71.9 crore, growing an impressive 60.9% year-on-year, with margins expanding significantly to 13.2%.
- 3
Profit After Tax (PAT) for FY26 reached a record ₹46.7 crore, marking a substantial 72.3% increase year-on-year.
- 4
The Board recommended a record dividend of ₹8 per share for FY26, continuing its 11-year track record and increasing it from ₹5 last year.
- 5
Q4 FY26 total revenue stood at ₹139.0 crore, reflecting a year-on-year growth of 6.9%.
- 6
The company maintained strong operating cash flow generation, supported by disciplined execution and working-capital rigor, and its overall headcount reached 2,485 employees.
Management Comments
Jigar Mehta
FY26 marks our strongest annual performance to date, delivering record revenue of ₹550.9 crore and record EBITDA of ₹71.9 crore, with EBITDA growing 60.9% YoY and margins expanding to 13.2%. This performance was anchored in execution excellence, operating leverage and sharp cost discipline, while maintaining strong cash generation from the business. This outcome reflects a revenue CAGR of 15.3% and an EBITDA CAGR of 35.4% over the last four years (FY22-FY26), with our overall headcount at 2,485. During the year, we saw sustained momentum across ER&D and digital engineering services, supported by deeper engagement with strategic accounts. We continue to invest in strengthening our capabilities and expanding our presence across the US and Europe. In line with our capital allocation priorities and commitment to consistent shareholder returns, the Board has recommended a record dividend of ₹8 per share, our 11th consecutive annual dividend and an increase over last year. While the macro environment remains dynamic, demand for engineering services remains resilient. As we enter FY27, we will continue to focus on delivery-led growth, scaling our offshore model, deepening strategic accounts and strengthening vertical specialization, aimed at driving sustained double-digit growth in Revenue and EBITDA.
Informational and educational content only. Not investment advice.