Onward Technologies Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Onward Technologies Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.3%.
- Its expenses for the quarter were down by 2.5% QoQ and up 7.1% YoY.
- The net profit increased 70.6% QoQ and decreased 11.0% YoY.
- The earnings per share (EPS) of Onward Technologies Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 124.52 | 124.61 | 118.20 | -0.1% | 5.3% |
Total Expenses | 116.07 | 119.01 | 108.37 | -2.5% | 7.1% |
Profit Before Tax | 8.45 | 5.60 | 9.83 | 50.9% | -14.0% |
Tax | 2.41 | 2.06 | 3.05 | 17.0% | -21.0% |
Profit After Tax | 6.04 | 3.54 | 6.79 | 70.6% | -11.0% |
Earnings Per Share | 0.00 | 1.50 | 3.00 | -100.0% | -100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Onward Technologies Ltd is a prominent player in the technology services industry, providing specialized solutions that span across mechanical engineering design, embedded systems, and information technology services. The company operates primarily in the automotive, industrial equipment, and healthcare sectors, offering services such as product lifecycle management, engineering analytics, and digital transformation strategies. As of the latest data, Onward Technologies Ltd has not announced any significant developments or strategic shifts. However, it continues to focus on enhancing its service offerings to meet the evolving needs of its diverse clientele. The company is well-regarded for its expertise in integrating cutting-edge technology with practical engineering solutions.
Revenue
For the quarter ending in Q3FY25, Onward Technologies Ltd reported a total income of ₹124.52 crores. This figure shows a slight dip of 0.1% compared to the previous quarter (Q2FY25), where the total income was ₹124.61 crores. Despite this minor quarter-over-quarter decrease, there is a year-over-year growth of 5.3% from Q3FY24, where the total income was ₹118.20 crores. This indicates steady revenue generation over the past year, with the company managing to maintain its income levels relatively constant over recent quarters. The revenue performance reflects the company's ongoing engagement with its client base and the market's demand for its specialized technology services.
Profitability
In terms of profitability, Onward Technologies Ltd experienced a significant increase in profit before tax (PBT) for Q3FY25, reaching ₹8.45 crores. This marks a robust 50.9% increase from the previous quarter's PBT of ₹5.60 crores. However, when compared year-over-year, there is a decline of 14.0% from Q3FY24, where the PBT was ₹9.83 crores. The company's tax expenses for Q3FY25 stood at ₹2.41 crores, representing a 17.0% increase quarter-over-quarter, yet a 21.0% decrease year-over-year. Consequently, the profit after tax (PAT) for Q3FY25 was ₹6.04 crores, showing a notable quarter-over-quarter increase of 70.6% from Q2FY25's PAT of ₹3.54 crores. However, this is an 11.0% decrease from the previous year's Q3FY24 PAT of ₹6.79 crores. The earnings per share (EPS) for Q3FY25 were reported at ₹0.00, a significant drop from both Q2FY25's ₹1.50 and Q3FY24's ₹3.00, indicating an anomaly in earnings distribution to shareholders.
Operating Metrics
The operating metrics for Onward Technologies Ltd during Q3FY25 indicate a total expense of ₹116.07 crores, which shows a decrease of 2.5% from the previous quarter's expenses of ₹119.01 crores. This reduction in expenses is contrasted by an increase of 7.1% year-over-year from Q3FY24, where the total expenses were ₹108.37 crores. The decline in quarterly expenses suggests effective cost management strategies were in place during this period. Despite the challenges in profitability and revenue, the company has managed to control its operational costs efficiently. The financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not explicitly calculated due to the absence of requisite data like market capitalization, total debt, and current assets and liabilities in the provided dataset. These metrics are crucial for a more comprehensive understanding of the company's financial health and operational efficiency.
