Onward Technologies Limited has informed the Exchange about Transcript
ONWARDTEC · price
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Onward Technologies filed the transcript of its Q1 FY26 earnings call held on July 16, 2025. The company reported consolidated revenue of INR 135.6 crores and an EBITDA margin of 12.9%, both described as the highest in its history. Management reiterated its annual target of double-digit revenue and EBITDA growth, and shared a longer-term ambition to double revenue from the current ~INR 500 crore run-rate to INR 1,000 crores over the next couple of years. Headcount stood steady at around 2,570 employees, with an internal projection of ~2,700 by March 2026, and a new large design centre in Chennai is set to open in Q2 FY26. Management acknowledged a wage hike impact in Q2 but said the order book and customer pipeline remain healthy, with 75+ unique customers across North America and Europe and 85%+ of revenue from time-and-material contracts.
Record quarterly revenue and margins, combined with reaffirmed multi-year growth guidance, are positive for sentiment. Near-term, investors should watch for some Q2 margin softness from wage hikes, but management's confidence in sustained double-digit growth and the planned Chennai capacity expansion support a constructive medium-term outlook.