Onward Technologies Limited — Important, 21-01-2025: Updates

Onward Technologies reported a Q3 FY25 revenue of ₹123.4 crore, reflecting an 8.2% year-over-year growth, with an EBITDA margin of 9.1%. For the nine months ended December 31, 2024, revenue grew by 2.8% year-over-year to ₹364.0 crore, with a PAT of ₹16.7 crore, representing a margin of 4.9%. Notably, the company benefited from its strong focus on key verticals: Industrial Equipment & Heavy Machinery contributed 56% of revenues, followed by Transportation & Mobility at 38%.

Operationally, the company serves 14 clients generating over $1 million annually, with top clients accounting for 84% of total revenues. Looking ahead, Onward Technologies maintains a positive outlook with FY25 revenue projections between ₹490 crore and ₹510 crore, and an EBITDA margin target of 9% to 11%. The strategic focus on enhancing customer engagement and seamless transition into advanced digital services supports their growth trajectory, indicating potential expansion in both revenue and market presence.