Onward Technologies Q3 FY26 Earnings Results: Revenue at ₹136.1 Crore, EBITDA Margin Hits Record 14.6%

Onward Technologies Limited, a digital and engineering R&D services company, announced solid financial results for Q3 and nine months ended December 31, 2025. The company continued its growth momentum, supported by disciplined execution and strong client demand.

Nine-Month Financial Highlights (9M FY26)

For the first nine months of FY26, the company reported total revenue of ₹411.8 crore, marking a 11.7% year-on-year growth. EBITDA stood at ₹56.5 crore, with a healthy EBITDA margin of 13.9%, the highest achieved so far.

Profit after tax (excluding one-time exceptional items) came in at ₹37.1 crore, reflecting strong improvement over the previous year.

Onward Technologies Quarterly Performance (Q3 FY26)

In the third quarter, Onward Technologies posted revenue of ₹136.1 crore, up 9.3% YoY. The company also recorded its highest-ever quarterly EBITDA margin of 14.6%, with EBITDA at ₹19.6 crore.

PAT for the quarter rose to ₹12.6 crore, more than doubling compared to the same period last year.

Client Growth and Operational Update

During the period, the company added 4 new large clients, mostly through references from existing customers. The top 25 clients contributed 88% of total revenue, highlighting strong relationships with key accounts.

The total employee strength stood at 2,491, while attrition remained stable at 14.7% on a last-twelve-month basis.

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Investments and Outlook

Onward Technologies has invested ₹18.6 crore in CAPEX so far in FY26 and plans to continue investing across geographies. Automation initiatives are also improving operational efficiency, which is expected to support margins going forward.

Management remains confident of achieving double-digit growth in FY26, backed by healthy demand for digital engineering services and deeper engagement with key clients.

Conclusion

Onward Technologies delivered a strong Q3 and nine-month performance in FY26, with steady revenue growth, record margins, and improving profitability. With new client additions, ongoing investments, and focus on automation, the company is well placed for sustainable long-term growth.

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