Q2 FY27 growth accelerates as management raises FY27 outlook
ONWARDTEC · price
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On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.7 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Onward Technologies posted Q2 FY27 revenue of Rs 170.2 crore, up 22.4% year on year, and total income of Rs 171.2 crore. EBITDA rose 33.7% to Rs 26.6 crore, with margin at a record 15.6%, while profit after tax rose 41.2% to Rs 16.8 crore. Management raised FY27 revenue growth guidance to 15% to 18% and EBITDA margin guidance to 13.8% to 14.3%. It secured a three-year Rs 44.5 crore renewal and is bidding for several large customer projects.
The upgraded outlook, record revenue and margin gains support a positive view. However, rising hiring costs and receivable days of 80 may temper near-term gains.