Onward Technologies signs ₹33 Cr data center engineering contract with Power Management Giant
Overview: Onwards Technologies Limited has been awarded an engineering services contract worth approximately Rs 33 crore from a leading global power management company. Onwards has signed a three-year contract to build a dedicated Offshore Development Center (ODC) for the client’s data center business and further strengthen its position in the engineering R&D services space.
Offshore development centers are long-term engineering contracts and teams work for just one customer. Instead of focusing on completing short-term projects, service providers provide engineers, infrastructure, and technical resources tailored to their customers’ research and product development needs.
Onward Technologies Limited It is currently trading at Rs 274 after yesterday’s closing price of Rs 268.4. The stock opened at Rs 272 and hit an intra-day high of Rs 279.7. The lowest price till date is Rs 268.05. The company’s current market capitalization is Rs 610 crore and its price-to-earnings ratio of 13.1 times is higher than the industry average ratio of 23.84 times.
transaction
This dedicated R&D capability primarily supports faster delivery and technical support for our customers’ data center segments and business units. This translates into long-term revenue visibility for Onwards Technologies, improved customer engagement and the opportunity to expand the scope of work over the life of the contract.
This revenue is not realized all at once, but is spread out evenly over a three-year fixed period, providing the company with a stable and predictable business pipeline. Overall, this program is a domestic contract specifically entered into by the customer’s domestic Indian entity for engineering research and development services. The company confirmed that the contract was concluded with a domestic entity and that there was no conflict of interest between the customer and the promoter or promoter group.
Recent Quarterly Performance
Onward Technologies Limited It reported operating revenue of Rs. 137.12 billion in the fourth quarter of 2026 Rs 134.62 billion in the 3rd quarter of fiscal 2026, Rs. $1272.9 billion in the fourth quarter of fiscal 2025. This reflects a slight increase of 1.85% quarter-on-quarter and 7.72% year-over-year growth.
Net profit in the fourth quarter of fiscal 2026 decreased to 50 billion won. 9.55 crore compared to Rs. 10.1 billion in the third quarter of 2026, also down from Rs. $10.41 billion in the fourth quarter of 2025. This represents a significant decline, down 5.44% quarter-on-quarter and nearly 8.26% year-over-year. Earnings per share (EPS) decreased to 10 million won. 4.20 from Rs. Last quarter it was 4.44. The rate of return is ROCE and ROE are 23% and 19.5%, respectively, and the debt ratio is 0.16 times.
conclusion
Ultimately, the company is successfully building long-term structural value for its shareholders by deeply embedding its engineering services into the rapidly growing data center market.
Onwards Technologies Limited is an engineering and digital transformation company providing ER&D and digital engineering services to global clients in the automotive, industrial equipment, mobility, healthcare and technology sectors. The company has delivery centers across India and abroad and serves customers with engineering design, embedded systems, digital manufacturing and software development solutions.
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