Mumbai: Onward Technologies Ltd announced on Thursday a 12.26% decline in its consolidated net profit to ₹11.17 crore for the quarter ended 30 June 2026, compared to ₹12.73 crore in the corresponding quarter of the previous fiscal year. Revenue PerformanceThe company’s consolidated revenue from operations for Q1 FY27 increased to ₹149.43 crore, up from ₹133.15 crore in Q1 FY26, marking a 12.23% rise. Quarter-on-quarter, revenue grew 8.98% from ₹137.12 crore in Q4 FY26. Profit Before Tax
Profit before tax (PBT) for the reporting quarter stood at ₹14.78 crore, down 7.20% from ₹15.92 crore in the same period last year. Sequentially, PBT rose by 21.67% from ₹12.15 crore in the preceding quarter.
Employee Expenses RiseEmployee benefits expense increased to ₹109.26 crore in Q1 FY27, compared to ₹98.13 crore in Q1 FY26, a rise of 11.34%. This also marks a 7.10% increase from ₹102.02 crore in Q4 FY26.Geographical Revenue SplitRevenue from external customers within India was ₹77.05 crore for the quarter. Outside India, USA contributed ₹50.42 crore, Europe ₹3.80 crore, and other regions (including Canada and the UK) ₹18.17 crore.Board Approves ResultsThe unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved by the company’s Board of Directors at their meeting held on 16 July 2026. The statutory auditors have issued an unmodified review conclusion on these results.Disclaimer: This report is based on the company’s filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.