Onward Technologies Reports Record Revenue of Rs. 151.2 Crore in Q1 FY27 (Up 11.5% YoY and 8.7% QoQ), EBITDA Grows 7.2% YoY and 20% QoQ to Rs. 18.4 Crore
Onward Technologies reported a strong first quarter for FY27, with revenue reaching Rs. 151.2 crore, marking an 11.5% year-over-year increase. The company attributes this growth to its digital engineering and ER&D services, maintaining a positive outlook for the remainder of the fiscal year.
Why it matters
The financial performance of digital engineering firms serves as a bellwether for the health of the global software outsourcing and R&D services market.
Onward Technologies Limited (BSE: 517536; NSE: ONWARDTEC), a global digital engineering and ER&D services partner, announced its financial results for the first quarter ending June 30, 2026.
Commenting on the results, Mr. Jigar Mehta, Managing Director, Onward Technologies, said:
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