Onward Tech’s Q2 revenue climbed to ₹170.2 crore, a 22.4% increase from ₹139 crore in the same quarter last year.
The company reported a net profit of ₹17 crore, up from ₹12 crore YoY, while EBITDA reached ₹26.6 crore, pushing the margin to 15.6%.
The news sent the stock to an upper circuit, closing at ₹427.4, a 20% lift from the previous close. After a 24% intraday rebound from the low, the share price sits 45% higher YTD and has surged 53% in the last month.
Management said it will issue guidance for the next quarter on Nov 15, highlighting a focus on expanding its digital mobility suite. No specific revenue targets were disclosed.
Compared to peers, the 15.6% EBITDA margin outpaces the sector average of 12%, and the 41.7% profit growth beats the 30% YoY increase seen by the broader tech outsourcing index.