ONWARD TECHNOLOGIES LTD. - 517536 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publications21-10-2023
21-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Audio Recording Of The Conference Call Held On October 20, 2023
Audio recording of the conference call held on October 20, 202321-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Details of loss of certificate/Duplicate Certificate20-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Appointment of Company Secretary and Compliance Officer
Pursuant to regulation 30 of SEBI LODR Regulations, we wish to inform you that the Board of Directors of the Company has appointed Mr. Vinav Agarwal (A40751) as Company Secretary & Compliance Officer of the Company w.e.f. October 20, 2023.20-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Onward Technologies Ltd.
IT Consulting & Software company Onward Technologies announced Q2FY24 & H1FY24 results: 1. Financial Performance: Q2FY24: Total Revenue in Q2FY24 saw a slight QoQ decrease of 0.5% but a substantial YoY growth of 9.5%, amounting to Rs 121.7 crore. EBITDA for Q2FY24 increased by 3.8% QoQ and a remarkable 375.4% YoY, reaching Rs 15.0 crore. EBITDA Margin in Q2FY24 was 12.5%, which is a 39bps increase QoQ and a significant 962bps increase YoY. Profit After Tax (PAT) for Q2FY24 decreased by 11.9% QoQ but showed a remarkable YoY growth of 1556.0%, totaling Rs 9.6 crore. PAT Margin in Q2FY24 was 8.0%, which is a decrease of 112bps QoQ and a substantial 745bps increase YoY. Diluted Earnings Per Share (EPS) in Q2FY24 was Rs 4.18, reflecting a decrease of 12.4% QoQ and an impressive 1572.0% increase YoY. H1FY24: Total Revenue for H1FY24 experienced strong YoY growth of 17.9%, amounting to Rs 243.9 crore, compared to Rs 206.9 crore in H1FY23. EBITDA for H1FY24 demonstrated substantial YoY growth of 386.2%, reaching Rs 29.5 crore, compared to Rs 6.0 crore in H1FY23. EBITDA Margin in H1FY24 was 12.3%, reflecting an impressive 932bps increase YoY, up from 3.0% in H1FY23. Profit After Tax (PAT) for H1FY24 showed remarkable YoY growth of 1053.7%, totaling Rs 20.5 crore, compared to Rs 1.8 crore in H1FY23. PAT Margin in H1FY24 was 8.5%, which is a significant 766bps increase YoY, up from 0.9% in H1FY23. Diluted Earnings Per Share (EPS) in H1FY24 was Rs 8.94, reflecting a remarkable YoY growth of 1031.6%, compared to Rs 0.79 in H1FY23. 2. Vertical Performance: - The Industrial Equipment & Heavy Machinery vertical contributed 52% of consolidated revenues. - The Transportation & Mobility vertical accounted for 37% of consolidated revenues. - The Healthcare vertical contributed 8% of consolidated revenues. 3. Digital Engineering Services: - The Digital Engineering Services Line of Business (LOB) showed continued traction and contributed 41% of Q2FY24 consolidated revenue. 4. New Deals and Client Base: - Onward Technologies won 4 new deals with large OEMs in the USA and Europe during Q2FY24. - Top 25 clients contributed 85% of total revenues. 5. Employee Count and Recognition: - Onward Technologies had a total headcount of 2,674 employees. - The company was named a Major Contender in engineering services for electric mobility in the Everest Group Autonomous, Connected, Electric, Shared (ACES) Automotive Engineering Services PEAK Matrix® 2023. Commenting on the Q2FY24 results, Jigar Mehta, Managing Director, Onward Technologies, said, "We are glad to report another quarter of consistent performance across geographies and industry verticals. Despite global economic uncertainties, we witnessed 9.2% YoY revenue growth in Q2FY24. Furthermore, we maintained a strong double-digit EBITDA margin of 12.5% for the third consecutive quarter, and this is after factoring in annual wage hikes across the company & impact of ESOP costs. This demonstrates our long-term relationships with customers and the dedication of our talented team. We will continue to invest in building capabilities and offshore expansion to drive our future growth." Result PDF20-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release for the results of quarter and half year ended September 30, 2023.20-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Announcement under Regulation 30 (LODR)-Investor Presentation
Earning presentation for the quarter and half year ended September 30, 2023.20-10-2023
ONWARD TECHNOLOGIES LTD. - 517536 - Board Meeting Outcome for Results For The Quarter And Half Year Ended September 30, 2023
Financial results for the quarter and half year ended September 30, 202320-10-2023