Onward Technologies Limited Announces Financial Results for Quarter Ended June 30, 2026
Onward Technologies Limited has announced its unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on July 16, 2026.The company reported a Total Income of 15,116.05 lakhs for the consolidated period ending June 30, 2026. This was driven by Revenue from operations totaling 14,942.97 lakhs and Other income amounting to 173.08 lakhs. Total Expenses for the quarter were recorded at 13,638.19 lakhs.
The consolidated financial performance for the period is summarized in the table below:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) | Quarter ended June 30, 2025 (Unaudited) |
|---|---|---|---|
| Revenue from operations | 14,942.97 | 13,711.54 | 13,315.08 |
| Other income | 173.08 | 192.44 | 246.69 |
| Total Income | 15,116.05 | 13,903.98 | 13,561.77 |
| Total Expenses | 13,638.19 | 12,688.55 | 11,969.46 |
| Net Profit | 1,116.94 | 955.18 | 1,273.09 |
On a standalone basis, Onward Technologies Limited reported a Total Income of 11,476.72 lakhs for the same period. The company incurred expenses of 10,232.56 lakhs, resulting in a Net Profit of 923.50 lakhs.
The Group reported its revenue based on the physical location of individual customers. For the quarter ended June 30, 2026, the geographical breakdown of revenue was as follows:
| Geographic Region | Revenue (in lakhs) |
|---|---|
| Within India | 7,704.52 |
| Outside India (USA) | 5,041.85 |
| Outside India (Europe) | 379.77 |
| Others (Canada, UK) | 1,816.83 |
| Total Revenue | 14,042.97 |
In terms of corporate actions, the company completed a share buy-back program during the first half of 2026. The Board approved a proposal to buy back up to 5,48,780 fully paid equity shares with a face value of INR 10 each for an aggregate consideration not exceeding 1,800 lakhs. The company successfully bought back 5,48,780 equity shares and extinguished them on June 11, 2026. A capital redemption reserve was created to the extent of 54.88 lakhs for the share capital extinguished, while the premium on the buy-back of 1,745.12 lakhs was utilized from the securities premium reserve.
Additionally, the company noted that following the consolidation of labor regulations by the Government of India in November 2025, it estimated liabilities for employee benefits based on the New Labour Codes. This resulted in an incremental expense for the recognition of past service costs, which was presented as an exceptional item in the financial results.
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