Onward Technologies Limited has informed the Exchange regarding 'Machine readable financials based on NSE email dated 08.05.2026'.
ONWARDTEC · price
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Onward Technologies reported strong FY2026 consolidated results with revenue of ₹5,438.52 lakhs (up ~10.7% from ₹4,913.16 lakhs). Net profit grew significantly to ₹4,432.39 lakhs, a ~63.7% increase from ₹2,707.77 lakhs in FY2025. Basic EPS improved to ₹19.60 from ₹11.97. The Board recommended a final dividend of ₹8 per share. BSR & Co. LLP issued an unmodified (clean) audit opinion. An exceptional item of ₹315.50 lakhs was recognized due to new Indian Labour Codes (non-recurring). A contingent liability from a former employee's legal case in the USA subsidiary (originally ₹1,130.64 lakhs restricted) has been disclosed as resolved with no restrictions remaining. Four directors including founder Harish Mehta and MD Jigar Mehta were reappointed.
Strong growth with net profit up ~64% demonstrates operational efficiency improvement. Clean audit opinion and positive operating cashflow of ₹6,507.73 lakhs support financial stability. Dividend declaration is positive for shareholders.