Onward Technologies Limited reported a consolidated net profit of ₹12.7 crore for the quarter ended June 30, 2025, an increase of about 80% compared to the corresponding quarter last year. The company's revenue from operations stood at ₹133.2 crore for the same period. The board also approved the appointment of Mr. Aakash Joshi as the Company Secretary and Compliance Officer, effective July 16, 2025.
Q1 FY26 Financial Results (in ₹ lakhs)| Metric | Q1 FY26 | Q1 FY25 | YoY Change | Q4 FY25 | QoQ Change |
|---|
| Net Profit | 1,273.09 | 708.77 | +80.4% | 1,041.23 | +22.3% |
| Revenue from Operations | 13,315.08 | 11,759.73 | +13.2% | 12,728.77 | +4.6% |
| Total Income | 13,561.77 | 11,942.14 | +13.5% | 12,998.20 | +4.3% |
| Employee Benefits Expense | 9,801.28 | 8,921.75 | +9.9% | 9,813.17 | -0.1% |
| Finance Costs | 53.32 | 51.41 | +3.7% | 50.24 | +6.1% |
| Depreciation and Amortisation Expense | 343.84 | 332.43 | +3.4% | 318.38 | +7.9% |
| Other Expenses | 1,542.97 | 1,668.43 | -7.5% | 1,787.67 | -13.7% |
| Profit Before Tax | 1,592.31 | 968.12 | +64.5% | 1,256.79 | +26.7% |
| Tax Expense | 319.22 | 259.35 | +23.1% | 215.56 | +48.1% |
Financial Performance
Onward Technologies reported a significant increase in net profit for the quarter ended June 30, 2025, with a consolidated net profit of ₹1,273.09 lakhs, compared to ₹708.77 lakhs in the same quarter of the previous year. This represents a substantial growth of 80.4% year-on-year. The total revenue for the quarter stood at ₹13,561.77 lakhs, up from ₹11,942.14 lakhs in the corresponding quarter of the previous year, marking a 13.5% increase.
Operational Highlights
The company's revenue from operations increased to ₹13,315.08 lakhs from ₹11,759.73 lakhs, a 13.2% increase compared to the previous year. Employee benefits expense saw a rise to ₹9,801.28 lakhs from ₹8,921.75 lakhs, indicating increased investment in human resources. Other expenses decreased from ₹1,668.43 lakhs to ₹1,542.97 lakhs.
Appointment of Company Secretary & Compliance Officer
The Board of Directors has appointed Mr. Aakash Joshi as the Company Secretary and Compliance Officer, effective July 16, 2025. Mr. Joshi brings over six years of post-qualification experience in corporate compliance, secretarial practices, and regulatory affairs. He has been associated with the company for the past two years.
Segment Reporting
The Group evaluates performance based on a single segment. Geographically, revenue from customers within India was ₹7,543.36 lakhs, while revenue from outside India included ₹3,656.87 lakhs from the USA, ₹603.18 lakhs from Europe, and ₹1,511.67 lakhs from other regions.
Standalone Financial Results
The standalone financial results for the quarter ended June 30, 2025, show a net profit of ₹932.51 lakhs, compared to ₹761.10 lakhs in the same quarter last year. Revenue from operations stood at ₹10,332.12 lakhs, up from ₹8,954.92 lakhs in the corresponding quarter of the previous year.
Standalone Financial Results (in ₹ lakhs)| Metric | Q1 FY26 | Q1 FY25 | YoY Change | Q4 FY25 | QoQ Change |
|---|
| Net Profit | 932.51 | 761.10 | +22.5% | 480.28 | +94.2% |
| Revenue from Operations | 10,332.12 | 8,954.92 | +15.4% | 9,929.51 | +4.1% |
| Total Income | 10,601.67 | 9,222.05 | +14.9% | 10,259.58 | +3.3% |
| Employee Benefits Expense | 7,605.35 | 6,487.39 | +17.2% | 7,476.57 | +1.7% |
| Finance Costs | 65.28 | 64.69 | +0.9% | 62.46 | +4.5% |
| Depreciation and Amortisation Expense | 342.01 | 341.01 | +0.3% | 328.93 | +3.9% |
| Other Expenses | 1,591.49 | 1,309.67 | +21.5% | 1,482.79 | +7.3% |
| Profit Before Tax | 1,250.92 | 1,019.29 | +22.7% | 655.45 | +90.9% |
| Tax Expense | 318.41 | 258.19 | +23.3% | 175.17 | +81.8% |
