Onward Technologies Share Price Hits 20% Upper Circuit After Q2 FY27 Earnings Results: Total Income Up 22.2% YoY

On October 16, 2026, Onward Technologies Limited reported unaudited consolidated financial results for the quarter and 6 months ended September 30, 2026, as per the exchange filings. 

Onward Technologies Limited reported a 22.2% year-on-year increase in total income for the quarter ending September 30, 2026, reaching ₹171.22 crore. This marks a significant rise from ₹140.10 crore in the same quarter the previous year, as per the exchange filings. 

Onward Technologies Q2 FY27 Earnings Results 

In the September 2026 quarter, Onward Technologies Limited achieved its highest-ever quarterly revenue of ₹171.22 crore, reflecting a 22.2% year-on-year growth.  

The company also reported a 40.5% increase in net profit, reaching ₹16.77 crore, compared to ₹11.94 crore in the same period last year. 

The quarter-on-quarter growth was also notable, with total income rising 13.3% from ₹151.16 crore in the June 2026 quarter. 

Onward Technologies Limited's operating EBITDA for Q2 FY27 surged by 33.7% year-on-year to ₹26.6 crore, with an EBITDA margin expansion to 15.6%, up by 130 basis points from last year. 

Half-Year Financial Overview 

For the half-year ending September 30, 2026, the company's total income increased by 16.9% year-on-year to ₹322.38 crore, up from ₹275.71 crore in the corresponding period of the previous year. Net profit for the same period rose by 13.3% to ₹27.94 crore, compared to ₹24.67 crore a year earlier. 

Read More: UCO Bank Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 10.1% YoY! 

Strategic Developments and Workforce Expansion 

The company secured a multi-year contract renewal valued at ₹44.46 lakh, focusing on AI-driven data centre infrastructure. Additionally, Onward Technologies Limited expanded its global workforce by hiring 432 net new employees, bringing the total to 2,917 professionals. 

Liquidity and Corporate Profile 

Onward Technologies Limited maintained a debt-free balance sheet with net cash of ₹97.1 crore. The company has distributed dividends for 11 consecutive years, demonstrating strong financial discipline. Headquartered in Mumbai, it specialises in digital engineering and ER&D services. 

Onward Technologies Share Price Performance 

As of October 16, 2026, at 12:48 PM, Onward Technologies share price on NSE was trading at ₹427.40, up by 19.99% from the previous closing price. 

Conclusion 

Onward Technologies Limited reported a 22.2% YoY increase in Q2 FY27 income to ₹171.22 crore, with net profit rising 40.5% YoY to ₹16.77 crore. The half-year income grew 16.9% YoY to ₹322.38 crore, and net profit increased 13.3% YoY to ₹27.94 crore. 

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