Conference Call with MTAR Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
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