Onward Technologies Q2 FY27: Revenue ₹171 Cr, PAT +41%

Results announced for quarter and half-year

Onward Technologies Limited (BSE: 517536; NSE: ONWARDTEC) announced its financial results for the second quarter and half year ended September 30, 2026. The company, positioned as a pure-play digital engineering and ER&D services partner, reported what it called its best performance so far in Q2 FY27. The disclosure was made on October 17, 2026, with the financial results referenced as dated October 16, 2026.

The headline numbers showed faster growth in profits than revenue, supported by margin expansion. The company also upgraded its full-year FY27 outlook, citing H1 execution and visibility for the second half.

Q2 FY27 revenue crosses ₹171 crore

For Q2 FY27, Onward Technologies reported total revenue or total income of ₹171.2 crore. The company also specified that this total included ₹1.0 crore of other income. On a year-on-year basis, Q2 revenue increased 22.2% compared with Q2 FY26, which was cited at ₹140.1 crore.

Separately, the filing-style snapshot in the provided data refers to revenue from operations of ₹170.18 crore for Q2 FY27. In that same set of numbers, revenue from operations is stated to be up 22.46% YoY.

EBITDA grows faster than revenue

Onward Technologies reported EBITDA of ₹26.6 crore in Q2 FY27, a 33.7% YoY increase. The EBITDA margin came in at 15.6%, compared with 14.3% in the prior year period, a 130 basis point improvement.

The narrative in the disclosure links the margin rise to improved operational efficiency and offshore execution. Another comparison set in the provided data also indicates a sequential expansion in operating margin, with OPM (EBITDA margin) moving to 15.6% from 12.3% in the previous quarter.

PAT rises 41% YoY; EPS also improves

Profit after tax (PAT) for Q2 FY27 was reported at ₹16.8 crore, up 41.2% YoY. The net profit is also presented in filing-style figures as ₹16.7741 crore (from ₹11.9392 crore a year earlier), which is consistent with the reported ~40% YoY rise.

Earnings per share (EPS) also increased, with the disclosure citing diluted EPS of ₹7.61, up 45.5% YoY from ₹5.23. In the filings summary included in the source text, basic EPS is referenced at ₹7.65 for Q2 FY27 versus ₹5.26 in Q2 FY26.

Half-year performance: ₹322.4 crore revenue

For the half-year ended September 30, 2026 (H1 FY27), total revenue was reported at ₹322.4 crore, reflecting 16.9% YoY growth. The company linked the upgraded full-year outlook to this H1 execution and improved business visibility.

While quarterly growth was stronger than half-year growth, the H1 number provides a broader base for tracking whether the upgraded FY27 guidance remains achievable.

Upgraded FY27 outlook: growth and margin bands

Based on Q2 performance and H1 execution, the company upgraded its FY27 guidance. The updated outlook is:

• FY27 revenue growth: 15% to 18% YoY
• FY27 EBITDA margin: 13.8% to 14.3%

This guidance is presented as an “upgrade” in the provided data, framed around continued execution and customer visibility for the second half of the year.

Key quarterly metrics at a glance

The figures below compile the most directly stated metrics from the provided text for Q2 FY27.

Cost and margin context from filings-style data

The filings-style summary included in the provided text also highlights costs. Total expenses for Q2 FY27 were stated at ₹149.0961 crore, up from ₹124.2694 crore in Q2 FY26. With revenue rising strongly alongside expenses, the quarter still saw margin expansion, reflected in the reported improvement in operating and net profit metrics.

The same dataset points to improved profitability without exceptional items, and describes Q2 as a multi-quarter high for profits in its own framing.

What investors will likely track next

From the numbers provided, the market focus is likely to remain on two measurable items: sustaining the 15.6% quarterly EBITDA margin level, and delivering within the upgraded FY27 revenue growth and margin ranges. The half-year revenue of ₹322.4 crore sets the starting point for the second half execution implied by the guidance.

Any future updates will likely be judged against the FY27 bands the company has now put on record, along with the pace of sequential revenue and margin movement seen between Q1 FY27 and Q2 FY27 in the reported datasets.

Conclusion

Onward Technologies reported record Q2 FY27 revenue of about ₹171 crore, with EBITDA up 33.7% YoY and PAT up 41.2% YoY, alongside a 15.6% EBITDA margin. Following the half-year performance of ₹322.4 crore in revenue, the company upgraded its FY27 outlook to 15% to 18% revenue growth and 13.8% to 14.3% EBITDA margin. The next key checkpoint will be how the second half performance tracks against this updated guidance.