Onward Technologies Q1FY24 Results: Consolidated PAT of Rs. 10.88 Cr

TIPS Industries Q1FY24 Results: Consolidated PAT of Rs. 27.10 Cr

Onward Technologies Q1 results show revenue fell from 123.10 crores to 122.26 crores, a -0.69% decrease in growth. EPS rise from ₹3.19 to ₹4.77, up by 49.53%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Onward Technologies shared its Q1 results on Monday. They earned 122.26 crores in revenue this quarter, but that’s less than the 123.10 crores they made last quarter. Unfortunately, the company’s growth decreased by -0.69 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 10.88 crores, up from 7.23 crores in the previous quarter. Their quarter-to-quarter growth increased by 50.35 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.77, which is an increase of 49.53% from the ₹3.19 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 122.26 crores this year (2023), which is 27.66 percent higher than last year’s total revenue of 95.77 crores.

This year’s PAT (Profit After Tax) is 10.88 crores, which is also 802.51% higher than last year’s PAT of 1.20 crores.

The EPS (Earnings Per Share) for this year is ₹4.77, which is 800.00% more than the EPS of ₹0.53 earned last year.

Onward Technologies Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹3 per Equity Share of Face Value of ₹5 each of the Comp

Also Read: Central Bank of India Q1FY24 Results: Standalone PAT Rises to Rs 494.98 Cr

About Onward Technologies :

Onward Technologies is a multinational Indian company that specializes in software technology outsourcing. The company primarily focuses on providing digital and engineering research and development (ER&D) services. Their expertise lies in serving industries such as transportation and mobility, industrial equipment and heavy machinery, as well as healthcare and medical technology.

Download the Full PDF of Onward Technologies Q1 Results: Click Here

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