Earnings Presentation

Ref No.: OTL/Secretarial/SE/2026-27/63 Date: October 16, 2026 Bombay Stock Exchange Limited National Stock Exchange of India Ltd., Phiroz Jeejeebhoy Towers, Plot No. C/1 'G' Block Dalal Street, Mumbai – 400023 Bandra – Kurla Complex Bandra East, Mumbai 400051 Ref: Scrip Code - BSE: 517536 NSE: ONWARDTEC Sub.: Submission of Earnings Presentation on Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and half year ended September 30, 2026. Dear Sir, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Earnings Presentation on Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026. Kindly acknowledge the receipt of the same. For Onward Technologies Limited Aakash Joshi Company Secretary & Compliance Officer Membership No : A60953 Regd. address.: 2nd floor, Sterling Centre, Dr. A.B. Road, Worli, Mumbai 400018. Tel: +91 22 24926570 CIN: L28920MH1991PLC062542 | email: compliance@onwardgroup.com | website: www.onwardgroup.com Mumbai | Pune | Chennai | Bengaluru | Hyderabad | Chicago | Detroit | Birmingham | Munich | Toronto EARNINGS PRESENTATION Q2 & H1FY27 October 16, 2026 Agenda 01 02 03 Financial Industry and Annexure Performance Company Overview Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Onward Technologies Limited (hereinafter referred to as "Onward Tech" or "Company"), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward- looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, in any manner. A Global Engineering & Research Partner GLOBAL SCALE REVENUE MIX (H1FY27) FINANCIALS (H1FY27) CLIENT STRENGTH 2,917 65% ₹97.1 Cr 100% Global Industrial & Heavy Net Cash Overseas clients; 70% Employees Machinery North America, 30% Europe 12+ 32% ~₹0 72 Offices Transportation & Net Debt Active Clients Worldwide Mobility Globally 6 3% 11 Trusted engineering partner to leading Countries Healthcare & Life consecutive years global OEMs across Operating Sciences of dividends geographies 15.3% 35.4% 17% 25.4% FINANCIAL Revenue EBITDA PAT ROCE METRICS CAGR : FY22 - FY26 CAGR: FY22 - FY26 CAGR : FY22 - FY26 FY26 Onward Technologies Financial Performance Managing Director’s Message Q2 FY27 represents a significant step forward in both scale and profitability for Onward Technologies. Our performance was driven by deeper engagement with strategic customers, improved utilization, higher productivity, operating leverage, and disciplined offshore execution. We are also seeing encouraging traction across Digital Engineering, AI-led transformation initiatives across our existing customer base in USA and Europe. Our strong Q2 performance, coupled with a healthy first half and strong business visibility, reinforces our confidence in delivering sustainable growth over the next three years. During H1 FY27, we added 432 net new employees, taking our global workforce to 2,917 professionals, strengthening our ability to support larger and more strategic customer engagements globally. Mr. Jigar Mehta As we enter the second half of FY27, our focus remains on delivery-led Managing Director, Onward growth, improving revenue productivity, expanding wallet share within Technologies existing accounts, and driving operational excellence through greater automation, AI adoption, and offshore leverage. We remain committed to creating long-term value for our customers, employees, and shareholders through disciplined execution and profitable growth. Q2 & H1FY27 Performance Highlights All Figures in Rs Cr Financial & Operational Q2 FY27 HIGHLIGHTS - STRATEGIC WINS • Renewed a ₹44.5 cr contract for managed digital services over three years Performance (Aug 2026 – Aug 2029), with contract value up 72% on the previous term Total Revenue ▲ 22.2% YOY EBITDA ▲ 33.7% YOY PAT ▲ 41.2% YOY Margin: 14.3% → 15.6% Margin: 8.6% → 9.9% 171.2 26.6 16.8 140.1 19.9 11.9 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Total Revenue ▲ 16.9% YOY EBITDA ▲ 21.4% YOY PAT ▲ 13.4% YOY Margin: 13.6% → 14.0% Margin: 9.1% → 8.7% 322.4 44.9 27.9 275.7 37.0 24.6 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Quarterly Income Statement Particulars (₹ cr) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q Revenue from Operations 170.2 139.0 22.4% 149.4 13.9% Other Income 1.0 1.1 (9.1%) 1.7 (41.2%) Total Revenue 171.2 140.1 22.2% 151.2 13.2% Employee Benefits Expenses 118.1 97.7 20.9% 109.3 8.1% Other Expenses 25.5 21.4 19.2% 21.8 17.0% Total Expenses 143.6 119.1 20.6% 131.1 9.5% EBITDA 26.6 19.9 33.7% 18.4 44.6% Revenue : Record revenue in Q2 FY27, led EBITDA Margin (%) 15.6% 14.3% 130 bps 12.3% 330 bps by strategic account expansion, higher Depreciation & Amortisation 4.8 4.2 14.3% 4.6 4.3% wallet share and AI-driven digital engineering Finance Costs 0.7 1.0 (30.0%) 0.7 0.0% EBITDA : Stronger operating performance 02 Profit Before Tax 22.1 15.8 39.9% 14.8 49.3% driven by productivity gains, utilization improvements and cost efficiencies. Income Tax 5.3 3.9 35.9% 3.6 47.2% Profit After Tax (PAT) 16.8 11.9 41.2% 11.2 50.0% Cost Structure : Disciplined cost 03 Other Comprehensive Income 1.3 1.4 (7.1%) (0.7) (285.7%) management and improved delivery efficiency support profitable growth. Total Comprehensive Income 18.1 13.4 35.1% 10.4 74.0% PAT Margin (%) 9.9% 8.6% 130 bps 7.5% 240 bps Profit After Tax : Higher profitability supported by revenue growth and Diluted EPS (₹) 7.61 5.23 45.5% 4.98 52.8% improved operating efficiency. DSO (Days) 80 73 7 days 75 5 days Half-yearly Income Statement ₹ Crore Particulars H1FY27 H1FY26 Y-o-Y Revenue from Operations 319.6 272.1 17.5% Ot [Showing first 8,000 characters — download PDF for full document]