AI assistant
Onward Technologies Ltd. Earnings Release 2019
60726_rns_2019-10-23_ee879a0d-d039-4839-862d-632cafc9e8ed.pdf
Earnings Release
Open in viewerOpens in your device viewer
ONWARD TECHNOLOGIES H1 FY20 PBT AND PAT GROWS36.2% AND 59.2% RESPECTIVELY YOY. EPS FOR THE HALF YEAR RECORDEDATINR 3.99 PER SHARE
Highlights for the Half Year ended September30, 2019
October 23, 2019 —- Onward Technologies Limited (BSE: 517536 & NSE: ONWARDTEC) announcesits results for the quarter ending September 30, 2019.
Commenting on the performance of the Company, the Executive Chairman, Mr. Harish Mehtasaid, "| am happyto report
that we have closedfirst half of the year with good progress made in terms of steady revenues and superior profitability. We continue to endeavour for high quality business with the vast opportunities on offer. | am certain that we will capitalize during the rest of the year."
About Onward Technologies Limited
Founded in 1991, Onward Technologies is recognised as a Global Engineering and IT Services company providing integrated product developmentsolutions and services to Fortune 1000 customers. Onward Technologies provides services in Mechanical, Electrical & Controls Engineering, Embedded Products & Systems Development, Mobile & Enterprise Software Development Data Analytics & Digital Transformation, Robotic Business Process Automation, and Enterprise Managed Servicesfor Infrastructure, Applications & Databases.
Onward Technologies employs more than 2500 Engineers and Consultants who are dedicated to provide expert consulting and value-added services to customers in the Automotive, Aerospace, Off-Highway, Industrial Equipment & Machinery, Healthcare & Laboratory Equipment, Pharmaceutical
& Life Sciences, and Banking, Financial Services & Insuranceindustry domains. Its strategic alliances with large enterprise software OEMshelp in providing a comprehensive range of end-to-end solutions and services.
Onward Technologies has Engineering Design and Delivery Centres in India as well as Sales Offices acrossthe globe - in Chicago, Detroit, & Cleveland in North America, Birmingham in the United Kingdom; Frankfurt in Germany; and Mumbai, Pune, & Chennai in India. All our 12 offices across the Americas, Europe and India are equipped with state of the art and secure infrastructure, equipment and facilities that aim to provide our customers with business continuity support, as well as proximity and accessto a world class resource andtalent pool.
For further information, kindly contact: Onward Technologies Limited Prasan Abichandani
VP — Corporate Finance & Investor Relations [email protected]
Churchgate Partners Rohan Rege +91 22 6269 5988 [email protected]
Follow Onward Technologies on www.linkedin.com/company/onward-technologies
2nd Floor, Sterling Centre Dr A.B. Road, Worli Mumbai — 400018. Tel + 91 22 2492 6570 | Fax: +91 22 24926549 CIN: L28920MH1991PLC062542 | www.onwardgroup.com