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Onward Technologies Q3 FY26 Revenue at ₹136.1 Cr, EBITDA Margin at 14.6%
Onward Technologies Limited
January 16, 2026, 08:36 AM
Onward Technologies reported Q3 FY26 results with total revenue of ₹136.1 crore and EBITDA of ₹19.6 crore. EBITDA margin improved to 14.6%. For 9M FY26, revenue reached ₹411.8 crore. The company maintains a strong balance sheet with ₹116.3 crore in cash reserves.
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Onward Technologies Limited has announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025 (Q3 FY26). The company reported a total revenue of ₹136.1 crore for Q3 FY26. The EBITDA margin stood at 14.6%, with EBITDA at ₹19.6 crore. Profit Before Tax (PBT) was ₹16.4 crore, and Profit After Tax (PAT) was ₹12.6 crore. The Earnings Per Share (EPS) for the quarter was ₹5.90 (basic) and ₹5.87 (diluted).
For the nine-month period ended December 31, 2025 (9M FY26), the total revenue was ₹411.8 crore. EBITDA for 9M FY26 was ₹56.5 crore, with an EBITDA margin of 13.9%. PBT was ₹48.0 crore and PAT was ₹37.1 crore. The EPS for the nine-month period was ₹16.77 (basic) and ₹16.67 (diluted).
The company's revenue is diversified across key industries, with Industrial Equipment & Heavy Machinery (IEHM) contributing 63%, Transportation & Mobility (T&M) at 34%, and Healthcare & Life Sciences (HCLS) at 3%. Geographically, India accounts for 50% of the revenue, followed by the USA at 37% and Europe at 13%. The engagement model is predominantly offshore (69%), with Time & Material contracts making up 87% of the revenue.
As of December 31, 2025, the company had ₹116.3 crore in cash and bank reserves. The company highlighted its consistent dividend payouts over the last 10 years and a revenue CAGR of 17% and EBITDA CAGR of 28% from FY22 to FY25. The presentation also noted a one-time exceptional item in Q3 FY26 due to the new labor code.
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