Onward Technologies PAT Grows by 83 Percent Q-o-Q, EPS up by 82 Percent 

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Pune, Maharashtra ,

IndiaOnward Technologies PAT Grows by 83 Percent Q-o-Q, EPS up by 82 Percent.

Highlights for the Quarter ended June 30, 2018:

Consolidated Profit After Tax (PAT) for Jun’18 Quarter is at INR 210.45 Lakhs as against INR 115.15 Lakhs for Mar’18 Quarter, a growth of 83%.Company declared an EPS of INR 1.34 for Jun’18 quarter, up by 82% against INR 0.74 in Mar’18 quarter.EBIDTA shows a healthy growth by 151.91%, at INR 532.07 Lakhs as against INR 211.21 Lakhs Q-o-Q.Consolidated revenues grew by 3.2% at INR 6,307.21 Lakhs as against INR 6,113.19 Lakhs in Q1 FY 17-18.

Commenting on the performance of the Company, Mr. Harish Mehta, Executive Chairman,said, “Overall operationally it was an excellent quarter with healthy growth both in topline & bottom line which was achieved with new contract wins, repeat business & continuous optimization of costs. During the quarter we also invested substantially in automation & expanding the sales team to improve customer experience which has positioned us well to deliver robust growth in 2018.”