Onward Technologies reports 88% fall in Q1 consolidated net profit
18th Jul 2022

Onward Technologies has reported results for first quarter ended June 30, 2022.

The company has reported net profit at Rs 2.85 crore for the quarter under review as compared to net loss Rs 0.61 crore for the same quarter in the previous year. Total income of the company increased by 36.94% at Rs 72.06 crore for Q1FY23 as compared Rs 52.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 87.81% in its net profit at Rs 1.21 crore for the quarter under review as compared to Rs 9.89 crore for the same quarter in the previous year. However, total income of the company increased by 12.50% at Rs 95.78 crore for Q1FY23 as compared Rs 85.14 crore for the corresponding quarter previous year.