Onward Technologies’ number of clients billing over US$1 million grew to 18, up from 16 in Q4 FY26.
Onward Technologies Limited reported its highest-ever quarterly revenue of ₹151.2 crore for the first quarter of FY27 (April–June 2026), marking an 11.5 per cent rise year-on-year and 8.7 per cent growth over the previous quarter. The Mumbai-headquartered engineering services firm announced the results on July 16, 2026.Shares of the company responded sharply, trading at ₹301.65 on the NSE as of 1.50 pm on Thursday, up 6.36 per cent or ₹18.05 from the previous close of ₹283.60, with an intraday high of ₹308.85. Traded value for the session stood at ₹105.77 crore on volume of 35.22 lakh shares.EBITDA for the quarter came in at ₹18.4 crore, up 20 per cent sequentially and 7.2 per cent year-on-year, with margins expanding 113 basis points over Q4 FY26 to 12.3 per cent. Profit after tax rose 16.9 per cent quarter-on-quarter to ₹11.2 crore, though it declined 12.3 per cent from the year-ago period. Diluted earnings per share stood at ₹4.98.On the business side, the company secured a ₹33 crore contract to establish a dedicated Offshore Development Centre for a global power management firm. The number of clients billing over US$1 million grew to 18, up from 16 in Q4 FY26. The company also completed its share buyback programme during the quarter.Managing Director Jigar Mehta said the company continues to target double-digit revenue and EBITDA growth for FY27, citing progress in strategic accounts and offshore delivery expansion.The company’s total market capitalisation stood at ₹673.40 crore as of Thursday afternoon. The stock trades well below its 52-week high of ₹385, recorded in July 2025.Published on July 16, 2026
