An update from Onward Technologies Limited ( ($IN:ONWARDTEC) ) is now available. Onward Technologies Limited reported its unaudited consolidated fi...

Mumbai, Maharashtra, India – Business Wire India • 9MFY26 Total revenue of Rs. 411.8 crore and EBITDA margin of 13.9% • Q3FY26 Total revenue of Rs. 136.1 crore with highest-ever quarterly EBITDA margin of 14.6% Onward Technologies Limited (BSE: 517536) (NSE: ONWARDTEC), a software outsourcing company, specializing in digital and ER&D services, announced today its […]

In this briefing: From Tax Tailwind to Volume Surge: Bikajis Next Growth Phase Exencial Industry Tidings 08/10/2025 Asian Equities: Southbound Monthly- Below September's BABA Exuberance Biotech Continued to Flourish Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Primer: Onward Technologies (ONT IN) - Oct 2025 1. From Tax Tailwind to Volume Surge: Bikajis Next Growth Phase 94% of Bikaji's revenue now falls under favorable GST slab due to the recent rate cut, positioning it to gain significant market share through lower consumer prices. The company is strategically passing on the tax benefit to consumers via higher grammage and lower MRP, which is expected to drive an incremental 2-3% volume growth while sustaining margins The company has the immediate manufacturing headroom and distribution reach to capture the expected volume surge without major, immediate capital expenditure. 2. Exencial Industry Tidings 08/10/2025 Maharashtra govt announces compensation package of Rs.316.2 bln for flood hit farmers Project completions in processed foods industry falls to Rs.140 million in September 2025 quarter Area under coconut cultivation in Gujarat rises by 27% in 10 years 3.

In this briefing: Exencial Industry Tidings 08/10/2025 Asian Equities: Southbound Monthly- Below September's BABA Exuberance Biotech Continued to Flourish Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Primer: Onward Technologies (ONT IN) - Oct 2025 Insider Activity: Who Bought Their Own Stock in September? 1. Exencial Industry Tidings 08/10/2025 Maharashtra govt announces compensation package of Rs.316.2 bln for flood hit farmers Project completions in processed foods industry falls to Rs.140 million in September 2025 quarter Area under coconut cultivation in Gujarat rises by 27% in 10 years 2. Asian Equities: Southbound Monthly- Below September's BABA Exuberance Biotech Continued to Flourish Southbound net buying jumped sharply to US$24.2bn in September. This was the highest ever. So was the average daily trading volume of US$20.3bn. Alibaba constituted 40% of total net buying. Tencent, SMIC, Meituan were bought heavily, while Xiaomi and Pop Mart continue to be sold.

In this briefing: Primer: Nebius Group (NBIS US) - Oct 2025 Taiwan Tech Weekly: Why Many Tech Companies Could Soon See Their Chip Costs Rise Substantially Datatec Excellent progress made in H126 Tekscend Photomask IPO: Forecast and Valuation Primer: Onward Technologies (ONT IN) - Oct 2025 1. Primer: Nebius Group (NBIS US) - Oct 2025 Nebius Group is rapidly emerging as a key player in the high-growth AI infrastructure market, specializing in GPU-as-a-Service. The company is strategically positioned to capitalize on the surging demand for AI compute capacity. A landmark multi-year, multi-billion dollar contract with Microsoft validates Nebius' capabilities and significantly de-risks its near-term revenue trajectory. Management is guiding for a revenue run-rate of $750 million to $1 billion by the end of 2025. Significant execution risks remain, including managing immense capital expenditures, navigating power and supply chain constraints, and fending off intense competition from established hyperscalers and other specialized cloud providers.

In this briefing: Taiwan Tech Weekly: Why Many Tech Companies Could Soon See Their Chip Costs Rise Substantially Datatec Excellent progress made in H126 Tekscend Photomask IPO: Forecast and Valuation Primer: Onward Technologies (ONT IN) - Oct 2025 Infomedia (IFM AU): 18th November Vote On TPG's Offer 1. Taiwan Tech Weekly: Why Many Tech Companies Could Soon See Their Chip Costs Rise Substantially As Chips Move to 3nm and 2nm Designs, Tech Companies Could See a Sharp Increase in Their Chip Manufacturing Cost Intel (INTC.US): AMD to Submit Foundry Orders to Intel? We Think Its Highly Unlikely. HBM Stocks Will Keep Running (Micron, SK Hynix), Its Just the Beginning 2. Datatec Excellent progress made in H126 Datatec has seen continuing strong financial performance in H126, with growing profitability in Westcon and Logicalis International and a considerable improvement in performance for Logicalis Latin America year-on-year. Reported and headline EPS are expected to be 21.023.0c, with the midpoint up 95% and 110%, respectively, versus H125.

In this briefing: Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Datatec Excellent progress made in H126 Tekscend Photomask IPO: Forecast and Valuation NBP: Management Meeting Takeaways; Strong Capital Position with a Focus on Low Cost Deposit Primer: Onward Technologies (ONT IN) - Oct 2025 1. Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Canara Robeco AMC (570515Z IN) is looking to raise up to US$150m in its upcoming India IPO. Overall, revenue increased annually at about 39% since FY22 and based on 9M25 numbers, Canaras FY25 performance is on track to surpass FY24s levels We have looked at the company's past performance in our previous note. In this note, we talk about valuations. 2. Datatec Excellent progress made in H126 Datatec has seen continuing strong financial performance in H126, with growing profitability in Westcon and Logicalis International and a considerable improvement in performance for Logicalis Latin America year-on-year.

In this briefing: Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Primer: Onward Technologies (ONT IN) - Oct 2025 Insider Activity: Who Bought Their Own Stock in September? Blue Star: Empowering Growth Festive Demand and GST Cut; Mild Q2FY26E CARE Ratings Strategic Advantage in Q2: Navigating the Credit Boom 1. Canara Robeco AMC IPO: Fairly Valued Given Strong Growth but Small Size Canara Robeco AMC (570515Z IN) is looking to raise up to US$150m in its upcoming India IPO. Overall, revenue increased annually at about 39% since FY22 and based on 9M25 numbers, Canaras FY25 performance is on track to surpass FY24s levels We have looked at the company's past performance in our previous note. In this note, we talk about valuations. 2. Primer: Onward Technologies (ONT IN) - Oct 2025 Onward Technologies is strategically pivoting from traditional IT services to high-growth, higher-margin Digital and Engineering Research & Development (ER&D) services, targeting key industrial verticals.

In this briefing: What's News in Amsterdam - 8 October (Heineken Datatec Excellent progress made in H126 Serica Energy Plc (AIM: SQZ): Another operational setback at Triton; value and distribution profile intact NBP: Management Meeting Takeaways; Strong Capital Position with a Focus on Low Cost Deposit Primer: Onward Technologies (ONT IN) - Oct 2025 1. What's News in Amsterdam - 8 October (Heineken In this edition: Heineken | FIFCOs shareholders approve sale the deal with Heineken ING | warns for factors adversely impacting its CET1 ratio and operational challenges Shell | pre-earnings update not as bad as expected bpostgroup / PostNL | Amazon pledges to invest EUR 1bn in Belgium in the next 2 years 2. Datatec Excellent progress made in H126 Datatec has seen continuing strong financial performance in H126, with growing profitability in Westcon and Logicalis International and a considerable improvement in performance for Logicalis Latin America year-on-year. Reported and headline EPS are expected to be 21.023.0c, with the midpoint up 95% and 110%, respectively, versus H125.