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.
| 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.
| 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% |
