Defence company MTAR Technologies announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations stood at Rs 143.0 crore in Q4FY24 as against Rs 118.4 crore in Q3FY24, 20.8% increase QoQ EBITDA reported at Rs 18.2 crore in Q4FY24 as compared to Rs 23.9 crore in Q3FY24, 23.6% decrease QoQ Profit Before Tax stands at Rs 7.2 crore in Q4FY24 as against Rs 12.9 crore In Q3FY24, 44.2% decrease QoQ Profit After Tax was at Rs 4.9 crore in Q4FY24 as against Rs 10.4 crore in Q3FY24, 53.4% decrease QoQ FY24 Financial Highlights: Revenue from Operations stood at Rs.580.8 crore in FY24 as against Rs.573.8 crore in FY23, 1.2% increase YoY EBITDA reported at Rs 112.7 crore in FY24 as compared to Rs 154.0 crore in FY23, 26.8% decrease YoY Profit Before Tax stands at Rs 73.0 crore in FY24 as against Rs 140.2 crore In FY23, 47.9% decrease YoY Profit After Tax was at Rs 56.1 crore in FY24 as against Rs 103.4 crore in FY23, 45.7% decrease YoY Commenting on the results, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “We have registered a lower-than-estimated EBITDA in FY24 as the operating leverage was lower due to deferment of orders in Clean Energy segment and delay in execution of projects in Space vertical. The company has improved its net cash flow from operating activities in FY24 to Rs 57.4 Crs compared to Rs 7.4 Crs in FY23. We are targeting to achieve 30% - 35% YoY increase in revenues with an EBITDA of 22% +/-100 bps in FY 25. Significant orders are expected shortly as we have concluded discussions with some of the major MNCs in Aerospace.” Result PDF