MTAR Technologies announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue from operations doubled to Rs 160.2 crore in Q3FY23 as against Rs 78.1 crore in Q3FY22, 105.1% increase YoY EBITDA reported at Rs 45.0 crore in Q3FY23 as compared to Rs 22.8 crore in Q3FY22, 97.4% increase YoY Profit before tax stands at Rs 42.0 crore in Q3FY23 as against Rs 18.7 crore in Q3FY22, 124.3% increase YoY Profit after tax was at Rs 31.4 crore in Q3FY23 as against Rs 13.3 crore in Q3FY22, 136.2% increase YoY. Q3FY23 vs Q2FY23: Revenue from operations stood at Rs 160.2 crore in Q3FY23 as against Rs 126.2 crore in Q2FY23, 26.9 % increase QoQ EBITDA reported at Rs 45.0 crore in Q3FY23 as compared to Rs 34.9 crore in Q2FY23, 29.0% increase QoQ Profit before tax stands at Rs 42.0 crore in Q3FY23 as against Rs 33.0 crore in Q2FY23, 27.4% increase QoQ Profit after tax was at Rs 31.4 crore in Q3FY23 as against Rs 24.7 crore in Q2FY23, 27.4% increase QoQ Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “The company is set to achieve full year guidance of 55%-60% growth in revenue with 30% EBITDA margin +/- 100 bps. We look forward to continue our growth momentum in FY24 with a robust revenue increase and sustainable margins backed by healthy order book, and lucrative market opportunities available in Clean Energy – Fuel Cells, Hydel & Others, Civil Nuclear Power, Space and Defence sectors." Result PDF
Defence company MTAR Technologies announced Q2FY23 results: YoY Q2FY23 vs Q2FY22: Revenue from operations stood at Rs 126.2 crore in Q2 FY 23 as against Rs 91.3 crore in Q2 FY 22, 38% increase YoY EBITDA reported at Rs 34.9 crore in Q2 FY 23 as compared to Rs 29.4 crore in Q2 FY 22, 19% increase YoY Profit Before Tax stands at Rs 33.0 crore in Q2 FY 23 as against Rs 27.1 crore in Q2 FY 22, 22% increase YoY Profit After Tax was at Rs 24.7 crore in Q2 FY 23 as against Rs 19.1 crore in Q2 FY 22, 30% increase YoY Diluted EPS stands at Rs 8.03 for Q2 FY 23 as against Rs 6.20 for Q2 FY 22. QoQ Q2FY23 vs Q1FY23: Revenue from Operations stood at Rs 126.2 crore in Q2 FY 23 as against Rs 91.0 crore in Q1 FY 23, 39% increase in QoQ EBITDA reported at Rs 34.9 crore in Q2 FY 23 as compared to Rs 25.0 crore in Q1 FY 23, a 40% increase in QoQ Profit Before Tax stands at Rs 33.0 crore in Q2 FY 23 as against Rs 22.2 crore in Q1 FY 23, 49% increase in QoQ Profit After Tax was at Rs 24.7 crore in Q2 FY 23 as against Rs 16.2 crore in Q1 FY 23, 52% increase in QoQ Diluted EPS stands at Rs 8.03 for Q2 FY 23 as against Rs 5.27 for Q1 FY 23. Commenting on the results, Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “The company has extended its strong performance into H1 FY 23 by registering fastest growth in the first half so far. H2FY23 is expected to be better than H1FY23. We are on track to achieve our full year guidance of 55%-60% revenue growth with 30% EBITDA margin +/- 100 bps” Result PDF
Defence company MTAR Technologies announced Q1FY23 Result : MTAR Technologies clocks PAT of Rs. 16.2 Cr. in Q1 FY 23 with 86.2 % YoY increase Revenue from Operations stood at Rs. 91.0 Cr. in Q1 FY 23 as against Rs. 54.0 Cr. in Q1 FY 22, 68.4% increase YoY EBITDA reported at Rs. 25.0 Cr. in Q1 FY 23 as compared to Rs. 14.5 Cr. in Q1 FY 22, 72.5% increase YoY Profit Before Tax stands at Rs. 22.2 Cr. in Q1 FY 23 as against Rs. 12.6 Cr. in Q1 FY 22, 77.0 % increase YoY Profit After Tax was at Rs. 16.2 Cr. in Q1 FY 23 as against Rs. 8.7 Cr. in Q1 FY 22, 86.2 % increase YoY Diluted EPS stands at Rs. 5.3 for Q1 FY 23 as against Rs. 2.8 for Q1 FY 22. Operating cashflows was at Rs 16.2 Cr. In Q1 FY 23 as against Rs (6.9) Cr.in Q1 FY 22 Result PDF