Q1 2026 Onward Technologies Ltd Earnings Call Transcript
Key Points
- Onward Technologies Ltd (BOM:517536) achieved its highest-ever consolidated revenues of INR 135.6 crores and an EBITDA margin of 12.9% in Q1 FY26.
- The company is heavily investing in its target verticals, including Industrial Equipment & Heavy Machinery, Transportation & Mobility, and a newly created Healthcare vertical.
- The headcount remains steady at approximately 2,570 full-time employees, with manageable attrition rates at 16.5%.
- Onward Technologies Ltd (BOM:517536) has moved into a state-of-the-art office in Pune and is opening its largest design center in Chennai, enhancing its capacity and capability.
- The company is focused on delivering double-digit revenue and EBITDA growth annually, with a strong order book and visibility into future projects.
- Some customers were impacted by tariffs and external macro or microeconomic factors, affecting overall performance.
- The company anticipates wage hikes in Q2, which may impact EBITDA margins.
- There is a high dependence on the Industrial Equipment vertical, which poses a risk if there is a slowdown in this sector.
- Onward Technologies Ltd (BOM:517536) does not share its order book details, which limits visibility into future revenue streams.
- The automotive sector, a significant part of the company's business, is experiencing volatility, which could impact future growth.
Ladies and gentlemen, good day, and welcome to the Onward Technologies Q1 FY26 earnings conference call. (Operator Instructions) Please note that this call is being recorded.
With this, I now hand the conference over to Ms. Asha Gupta, Investor Relations from Ernst & Young LLP. Thank you, and over to you, ma'am.
Thank you, Kamiya. Good day, and welcome to Q1 FY26 earnings call of Onward Technologies Limited. The results and presentation have already been mailed to you, and you can also view them on our website, www.onwardgroup.com.
To take us through the results today and to answer your questions, we have with us Mr. Jigar Mehta, Managing Director of Onward Technologies Limited. He will start the call with a business update and financial performance for the quarter gone by, which will be then followed by a Q&A session.
As usual, I would like to remind you that anything mentioned on the call that reflects
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