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Onward Technologies Ltd Q1FY24; 1000% rise in Profits

Established in 1991 Onward Technologies Ltd is a tech company focusing on Engineering Research & Development (ER&D), Digital Transformation and IT consulting services (ITS). Headquartered at Mumbai and has clients across India, USA, UK & Europe. The promoters have 3 Decades of Experience in the IT Industry.

Financial Results:

Onward Technologies Ltd reported Revenues for Q1FY24 of ₹120.00 Crores up from ₹94.00 Crore year on year, a rise of 27.66%.

Total Expenses for Q1FY24 of ₹108.00 Crores up from ₹94.00 Crores year on year, a rise of 14.89%.

Consolidated Net Profit of ₹11.00 Crores up 1000.0% from ₹1.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.86, up 783.64% from ₹0.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: IT
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