Onward Technologies Ltd.revenue +22%, 15.6% margin, outlook raised

Onward Technologies' Q2 FY27 call, held on 16 October 2026 with Managing Director Jigar Mehta answering nine analysts and investors, reported record quarterly revenue of ₹170.2 crore, up 22.4% on the year and 13.9% on the quarter, with constant-currency growth of 17.7%.

EBITDA rose 33.7% to ₹26.6 crore at an all-time high margin of 15.6%, and profit after tax rose 41.2% to ₹16.8 crore. Customers billing $1 million a year rose from 16 to 18, and a three-year renewal of about ₹44.5 crore with a construction and mining equipment leader was awarded in full at over 70% more than the previous term. For the first time, management raised its outlook: FY27 revenue growth of 15% to 18% and an EBITDA margin of 13.8% to 14.3%, already reflecting the new US regulatory environment.

Hiring, a fourth Pune design centre and a Chennai AI lab are the capacity build. Receivable days rose to 80 against a 65 to 70 target. No earlier promises were on file for comparison.