Onward Technologies Announces Q2 FY25 Financial Results: Mixed Performance with Strong Operating Cash Flow and Decline in Profitability

Onward Technologies, a microcap IT software company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financials, Onward Technologies has seen a negative performance in the quarter, with a score of -11 compared to -1 in the previous three months. However, there are some positive aspects to the company’s financials.

One of the strengths of Onward Technologies is its strong operating cash flow, which has been consistently growing over the past three years. The company has also shown a positive trend in its net sales, with the highest quarterly sales of Rs 123.04 crore in the last five quarters.

On the other hand, there are some areas of concern for Onward Technologies. The company’s profit before tax less other income (PBT) has fallen by 65.11% year on year, and its profit after tax (PAT) has also declined by 63.0% year on year. The operating profit (PBDIT) is at its lowest in the last five quarters, and the operating profit margin has also decreased, indicating a decline in efficiency. The company’s earnings per share (EPS) have also decreased, showing a decline in profitability and lower earnings for shareholders.

Overall, Onward Technologies has shown a mixed performance in the quarter ending September 2024. While there are some positive aspects to its financials, there are also areas of concern that need to be addressed. Investors should carefully consider these factors before making any investment decisions.