Onward Technologies Limited reported record first-quarter revenue of Rs. 151.2 crore for the period ending June 30, 2026, marking an 11.5% increase year-on-year and an 8.7% rise quarter-on-quarter.
The digital engineering and embedded R&D services partner also saw its EBITDA grow to Rs. 18.4 crore, up 7.2% from the same period last year and 20% sequentially.
34% year-on-year increase in consolidated net profit for the same quarter.
The results underscore sustained demand in the company’s core markets, contributing to a broader positive trend within the Indian IT services sector.
Onward’s performance aligns with recent strength seen among larger peers, including HCL Technologies, which reported a 20.34% year-on-year increase in consolidated net profit for the same quarter.
Investors are likely to view the sequential EBITDA growth as a sign of improving operational efficiency and margin expansion.
The company’s ability to deliver double-digit revenue growth in a competitive landscape suggests resilience in its client base and project pipeline.