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Onward Technologies reports 23% fall in Q1 consolidated net profit

20 Jul 2018 Evaluate

Onward Technologies has reported results for first quarter ended June 30, 2018.

The company has reported over 2-fold jump in its net profit at Rs 1.72 crore for the quarter under review as compared to Rs 0.68 crore for the same quarter in the previous year. Total income of the company increased by 13.48% at Rs 31.07 crore for Q1FY19 as compared Rs 27.38 crore for the corresponding quarter previous year.


On the consolidated basis, the company has reported a fall of 23.08% in its net profit at Rs 2.10 crore for the quarter under review as compared to Rs 2.73 crore for the same quarter in the previous year. Total consolidated income of the company increased by 2.69% at Rs 63.07 crore for Q1FY19 as compared Rs 61.42 crore for the corresponding quarter previous year.


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