Defence company MTAR Technologies announced Q1FY24 results: Revenue from Operations stood at Rs 152.6 crore in Q1FY24 as against Rs 91.0 crore in Q1FY23, a 67.6% increase YoY EBITDA reported at Rs 34.5 crore in Q1FY24 as compared to Rs 25.0 crore in Q1FY23, a 38.3% increase YoY Profit Before Tax stands at Rs 27.3 crore in Q1FY24 as against Rs 22.2 crore In Q1FY23, a 22.8% increase YoY Profit After Tax was at Rs 20.3 crore in Q1FY24 as against Rs 16.2 crore in Q1FY23, a 25.4% increase YoY Commenting on the results, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “The company shall be ramping up the revenues over the coming quarters. We are expecting an accelerated inflow of orders in H2FY24. Our closing order book by the end of FY24 is estimated to be around Rs 1,500 crore.” Result PDF
Defence company MTAR Technologies announced Q4FY23 & FY23 results: Revenue for Q4FY23 stood at Rs 196.4 crore as compared to Rs 98.6 crore in Q4FY22, a growth of 99% YoY and FY23 growth of 78% YoY EBIDTA for Q4FY23 stood at Rs 49.1 crore, as compared to Rs 27.7 crore in Q4FY22 with a growth of 77% and FY23 growth of 63% YoY basis EBIDTA margins for Q4FY23 stood at 25.0% PAT for the quarter stood at Rs 31.1 crore as compared to Rs 19.8 crore in Q4FY23 up by 57% YoY and FY23 growth of 70% compared with FY22 PAT margins for Q4FY23 stood at 15.8% Result PDF