Onward Technologies Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Onward Technologies achieved record Q2 FY26 revenue and EBITDA, with EBITDA margin at 14.3% from improved utilization and productivity. Management anticipates further margin expansion from automation and software services transition. Operational metrics are strong: attrition declined to 15.49% and DSO is 73 days. The company sees robust demand in North America and growth potential in Europe, focusing on deepening existing client engagements. Committed to double-digit revenue and EBITDA growth, Onward is investing in digital and AI capabilities. While Q3 may see furloughs, the outlook remains positive. The board is considering capital allocation strategies, including a buyback.