Onward Technologies Limited · NSE:ONWARDTEC
Onward Technologies — Q4 FY2024 Earnings Presentation
18 slides from Onward Technologies's earnings presentation, May 17, 2024
Slide 1: Stock Exchange Submission Letter
Ref No.: OTL/Secretarial/SE/2024-25/11 Date: May 17, 2024 To, 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: ONWA
Slide 2: Q4FY24 Earnings Presentation
Q4FY24 Earnings Presentation 17th May 2024
Slide 3: Disclaimer
Disclaimer This release may contain certain future prospects which may be a forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These forward-looking statemen
Slide 4: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 5: From the Managing Director's Desk
From the Managing Director’s Desk “We are pleased to report another solid year with highest ever revenue at ₹472.4 crore and double-digit EBITDA margin of 11.1% for the first full financial year. I’d like to take this opportunity to thank our 2,529 strong team delivering excellence in digital and en
Slide 6: Company at a Glance
Company at a Glance We are a Software Outsourcing Company Specialized in Digital and ER&D Services with GLOBAL STRATEGIC ROBUST FOOTPRINT VERTICALS FINANCIALS 2,529 Industrial Equipment ₹ 472.4 Cr ₹ 52.2 Cr Employees & Heavy Machinery Revenue EBITDA 12 Offices Transportation 7.1% 11.1% & Mobility Re
Slide 7: Onward Technologies: A Journey of Transformation
Onward Technologies: A Journey of Transformation Recognized for 30+ Incorporated in Infinity Holdings bought Mr. Jigar Mehta appointed as a years of successful August 1991 by 24.2% equity partnership in shaping Managing Director Acquired Pune offshore Mr. Harish Mehta, the NASSCOM a first-
Slide 8: Focus Verticals and Business Lines
Focus Verticals and Business Lines Industrial Industrial Equipment Equipment && Transportation & Mobility Transportation & Mobility Healthcare Heavy Machinery Heavy Machinery 53% 38% 7% 20% Digital Digital Engineering Big Data Cloud & DevOps AI/ML Digital with Automation Analytics AR/VR Embedded Emb
Slide 9: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 10: Growth Strategy
Growth Strategy Investments in business building Steady growth in offshore leverage Multi-year Client Engagements Investments in talent to address client demand Consistent industry leading growth
Slide 11: Agenda
Overview 1 Growth Strategy 2 Agenda Financial Performance 3
Slide 12: Key Highlights – Q4 / FY24
Key Highlights – Q4 / FY24 • Reported FY24 revenue growth of 7.1% YoY to ₹472.4 crore with double-digit EBITDA margin of 11.1% and PAT grew by 3 times YoY to ₹33.9 crore. • Reported Q4FY24 revenue growth of 3.8% QoQ to ₹118.4 crore with EBITDA margin of 8.2%. • Continued to maintain momentum in its
Slide 13: Consolidated Financial Summary – Q4 / FY24
Consolidated Financial Summary – Q4 / FY24 QoQ YoY YoY Particulars (in ₹ Crore) Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Growth Growth Growth Revenue from Operations 118.4 114.1 3.8% 121.4 (2.4%) 472.4 440.9 7.1% Other Income 2.8 2.8 - 0.5 460.0% 7.3 3.4 114.7% Total Revenue 121.3 116.9 3.8% 122.1 (0.5%) 4
Slide 14: Consolidated Financial Summary – FY24
Consolidated Financial Summary – FY24 (Figures in ₹ Crore) Revenue from Operations EBITDA & EBITDA % PBT & PBT % PAT & PAT % 11.1% 9.6% 6.6% 7.2% 4.1% 2.6% 440.9 472.4 29.3 52.2 18.0 45.2 11.5 33.9 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 7.1% YoY 78.2% YoY 151.1% YoY 194.8% YoY
Slide 15: Revenue Metrics
Revenue Metrics Particulars Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 ER&D 78% 57% 72% 63% 70% Revenue by Business (%) Digital 20% 41% 20% 35% 17% ITS 2% 2% 8% 2% 13% Industrial Equipment & Heavy 53% 51% 56% 52% 55% Machinery Revenue by Industry (%) Transportation & Mobility 38% 38% 31% 37% 30% Healthcare 7
Slide 16: Operating Metrics
Operating Metrics Particulars Q4 FY24 Q3 FY24 Q4FY23 FY24 FY23 Active Clients 84 88 98 84 98 Top 5 51% 49% 49% 50% 43% Client Base Top 10 67% 66% 62% 66% 58% Top 25 85% 85% 85% 84% 81% Clients with 13 13 15 13 15 Annual Billing > USD 1mn Employee Base Total Employees 2,529 2,604 2,798 2,529 2,798 DS
Slide 17: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as on March 2024 Key Institutional Holdings Holding % Infinity Direct Holdings 17.3% Kotak Mahindra Life Insurance 3.3% Company Ltd. Promoters 38% Whiteoak Capital Fund 2.3% Public 52% ICICI Prudential Technology Fund 2.0% India Acorn Fund Ltd 0.9% DIIs Asho
Slide 18: Thank You
Thank You For Further Information, Please Contact: Asha Gupta - asha.gupta@in.ey.com Jyoti Gupta – jyoti.gupta2@in.ey.com
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