Onward Technologies

Onward Technologies delivered a record FY26 with revenue of ₹550 croreCurrent reported value: ₹550 crore. No comparable prior figure is available in the source record. (+10.5Current reported value: 10.5. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹71.9 croreCurrent reported value: ₹71.9 crore. No comparable prior figure is available in the source record. (+60.9% YoY), achieving an EBITDA margin of 13.2%Current reported value: 13.2%. No comparable prior figure is available in the source record. — the highest in company history. Growth was driven by operating leverage, client concentration (top 25 clients now 88%Current 88%. Reported change: +8pp YoY. of revenue), and cost discipline. The company exited low-value clients, reducing headcount to 2,485Current 2,485. Reported change: flat YoY. while revenue per employee rose to ~₹22 lakh. Management reiterated guidance for double-digit revenue and EBITDA growth in FY27, citing strong visibility from existing clients (95-98% of revenue). A dividend of ₹8 per share was recommended. Key risk: slower-than-expected ramp-up in the transportation vertical, which declined 1% YoY due to tier-1/2 exits and delayed OEM growth.