Onward Tech Q1 FY27 results: revenue up 11.5% YoY to ₹151 cr

Onward Technologies posted Q1 FY27 total revenue of ₹151.2 cr, up 11.5% YoY and 8.7% QoQ. EBITDA rose 7.2% YoY to ₹18.4 cr with margin at 12.3%, improving from 11.2% in Q4 FY26. PAT grew 12.3% YoY to ₹11.2 cr. The company won a ₹33 cr contract to set up an offshore development center for a global power management client. MD Jigar Mehta reaffirmed double-digit revenue and EBITDA growth target for FY27 and aspiration to reach ₹30-40 lakh revenue per employee. The company remains net debt-free with ₹127.3 cr cash. FY26 revenue stood at ₹550.9 cr with EBITDA margin at a record 13.2%.