Onward Technologies Limited — Updates, 21-01-2025: Press Release

Onward Technologies reported Q3FY25 revenues of ₹ 123.4 crore, reflecting an 8.2% year-on-year growth. The company’s EBITDA margin improved to 9.1% from 6.4% in the prior quarter, driven by effective cost optimization. Profit After Tax (PAT) surged by 67.5% sequentially to ₹ 6.0 crore, although it faced an 11.1% drop compared to Q3FY24. For the first nine months of FY25, revenues reached ₹ 364.0 crore, marking a 2.8% increase year-on-year.

The company continues to excel in its core sectors, with Industrial Equipment & Heavy Machinery contributing 56% and Transportation & Mobility accounting for 38% of consolidated revenues. The client base is strong, with 14 clients generating over $1 million in annual revenue, and the top 25 clients represent 84% of total revenues. With 2,579 employees, Onward Technologies is positioned for sustainable growth amid a healthy demand environment, indicating a positive outlook for future opportunities.