What Onward Technologies and Supreme Petrochem Q2 FY26 Results Reveal About Sector Trends
India’s mid-cap industrial and petrochemical players are showing contrasting quarterly results in Q2 FY26. While Onward Technologies reported record revenue and profitability, Supreme Petrochem struggled due to lower polymer prices and weak demand. Let’s decode what these performances mean for investors and the broader industrial outlook.
Onward Technologies continued its upward trajectory with solid double-digit growth across revenue and EBITDA. The company’s operational discipline, coupled with a strong overseas performance, contributed to margin stability. Meanwhile, Supreme Petrochem’s quarterly results were subdued, primarily due to inventory losses and price declines in the global polymer market.
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Onward Technologies: Q2 FY26 Highlights
The company achieved record revenue growth with improved profitability metrics. Attrition rates declined, and operating efficiency improved. The management expects continued double-digit growth in both revenue and EBITDA for the rest of FY26, driven by demand in the North American and European markets.
| Metric | Value | Remarks |
|---|---|---|
| EBITDA Margin | 14.3% | Strong margin expansion |
| Headcount | 2,525 | Healthy employee base growth |
| DSO (Days Sales Outstanding) | 73 days | Efficient collections |
| Capex | ₹18 crore | Invested for growth |
Supreme Petrochem: Q2 FY26 Results
In contrast, Supreme Petrochem’s results were significantly weaker, impacted by subdued polymer demand and lower realizations. EBITDA and net profit declined sharply, reflecting challenges across the petrochemical value chain.
| Metric | Value | YoY / QoQ Trend |
|---|---|---|
| Revenue | ₹1,117 Cr | ▼ 20% QoQ | ▼ 56% YoY |
| EBITDA | ₹78.71 Cr | ▼ 32% QoQ | ▼ 60% YoY |
| EBITDA Margin | 7.04% | ▼ vs 8.30% QoQ |
| Net Profit | ₹48.29 Cr | ▼ 41% QoQ | ▼ 41% YoY |
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Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, believes Onward Technologies remains an attractive mid-cap IT engineering play with improving margins and global growth visibility. Supreme Petrochem, however, faces near-term headwinds due to polymer pricing pressures. Discover more expert insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
