ONWARD TECHNOLOGIES LTD

Onward Technologies Limited reported strong financial performance for FY26, achieving record revenue of INR 550 crores, a year-on-year growth of 10.5%, and an EBITDA of INR 71.9 crores, reflecting a 60.9% increase. Management highlighted improved gross margins at 13.2% and strong cash flows, with operating cash flows reaching INR 127.3 crores. The company maintained a stable headcount of approximately 2,485 employees while focusing on key clients, with the top 25 customers contributing 88% of revenues. Management noted the importance of their 3x3 vertical strategy and ongoing investments in digital and AI capabilities. They announced an increase in the dividend to INR 8 per share, marking the 11th consecutive year of dividends. Management expressed confidence in sustaining double-digit revenue and EBITDA growth, emphasizing the company's focus on deepening client relationships and expanding capabilities in engineering services.

Management emphasized strong financial results and growth potential.