Defence company MTAR Technologies declares Q4FY22 result: MTAR Technologies reports a PAT of Rs. 19.8 Cr. in Q4 FY 22 with 48.8 % QoQ increase Revenue from Operations stood at Rs. 98.6 Cr. in Q4 FY 22 as against Rs. 78.1 Cr. in Q3 FY 22,26.2% increase QoQ EBITDA reported at Rs. 27.7 Cr. in Q4 FY 22 as compared to Rs. 22.8 Cr. in Q3 FY 22, 21.4% increase QoQ Profit Before Tax stands at Rs. 23.8 Cr. in Q4 FY 22 as agahtst Rs. 18.7 Cr. in Q3 FY 22, 27.1% increase QoQ Profit After Tax was at Rs.19.8 Cr. in Q4 FY 22 as against Rs. 13.3 Cr. in Q3 FY 22, 48.8% increase QoQ Diluted EPS stands at Rs. 6.4 for Q4 FY 22 as against Rs. 4.3 for Q3 FY 22 Revenue from Operations stood at Rs. 322.0 Cr. in FY22 as against Rs. 246.4 Cr. in FY 21, 30.7% increase EBITDA reported at Rs. 94.4 Cr. in FY22 as compared to Rs. 83.1 Cr. in FY21, 13.6% increase Profit Before Tax stands at Rs. 82.2 Cr. in FY22 as against Rs. 64.8 Cr. in FY 21, 26.8% increase Profit After Tax was at Rs. 60.9 Cr. in FY22 as against Rs. 46.0 Cr. in FY 21, 32.1% increase Diluted EPS in FY 22 stands at Rs.19.8 as against Rs. 17.0 in FY21 Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, "MTAR has clocked an annual revenue of Rs. 322.0 Cr. with an YoY growth of 30.7Yo. We have posted an EBITDA of Rs. 94.4 Cr. with an YoY growth of 13.6% and a Profit after Tax of Rs.60.9 Cr. with an YoY growth of 32.1%.The company continues to strenglhen its product portfolio and diversify into products with attractive growth potential. We are focusing on expanding our international presence, accordingly, the company is in active discussion with multiple global OEMs. The company has always emphasised on adding new capabilities. I'm pleased to announce that we have commenced operations at our sheet metal facility in Adibatla. In addition, we would be further enhancing our competencies by establishing electronics manufacturing facility in.house to cater to Defence and Space sectors" Result PDF
Conference Call with MTAR Technologies Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Defence firm MTAR Technologies declares Q3FY22 result: YoY Q3 FY 22 Vs Q3 FY 21: Revenue from Operations stood at Rs. 78.1 crore as against Rs. 55.2 crore in Q3FY21, 41.4 % increase YoY EBITDA reported at Rs 22.8 crore in Q3 FY 22 as compared to Rs. 17.5 crore in Q3FY21, 30.3% increase YoY Profit Before Tax stands at Rs 18.7 crore as against Rs. 12.4 crore in Q3FY21, 50.9% increase YoY Profit After Tax reported was at Rs. 13.3 crore as against Rs. 8.8 crore in Q3FY21, 50.5% increase YoY Diluted EPS stands at Rs. 4.3 per share for Q3 FY 22 as against Rs. 3.3 per share for Q3 FY 21 YTD FY 22 Vs YTD FY 21: Revenue from Operations for YTD FY 22 stood at Rs. 223.4 crore as against Rs. 177.3 crore for YTD FY 21, 26.0% increase YTD YoY EBITDA for YTD FY 22 reported at Rs 66.7 crore as compared to Rs. 53.0 crore for YTD FY21, 25.8% increase YTD YoY Profit Before Tax for YTD FY 22 stands at Rs 58.4 crore as against in 39.6 for YTD FY 21, 47.5% increase YTD YoY Profit After Tax for YTD FY 22 was at Rs. 41.1 crore as against Rs. 28.1 crore for YTD FY 21, 46.3% increase YoY Diluted EPS for YTD FY 22 stands at Rs. 13.4 per share as against Rs. 10.5 per share for YTD FY 21 Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “MTAR has clocked a revenue of Rs. 78.1 crores with an YoY growth of 41.4%. We have posted an EBITDA of Rs. 22.8 crores with YoY growth of 30.3% and a net profit of Rs. 13.3 crores with YoY growth of 50.5%. Domestic order inflows from Civil Nuclear Power, Space & defence sectors are expected to be fast-tracked over the coming quarters. Union budget 2022 aligns with Government’s commitment to promote Atmanirbhar Bharat initiative and indigenisation, which positions Indian manufacturing sector to grow at a rapid pace. Amidst a conducive macro-economic environment backed by a robust order book, we are confident of witnessing an accelerated growth over the coming quarters.” Result PDF
Conference Call with MTAR Technologies Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Financial Highlights: YoY Highlights – Q2 FY 22 Vs Q2 FY21: Revenue from Operations stood at Rs. 91.30 crore as against Rs. 73.29 crore in Q2FY21, 24.57% increase YoY EBITDA reported at Rs 29.44 crore as compared to Rs. 24.08 crore in Q2FY21, 22.26% increase YoY Profit Before Tax stands at Rs 27.11 crore as against Rs. 19.76 crore in Q2FY21, 37.15% increase YoY Profit After Tax reported was at Rs. 19.05 crore as against Rs. 13.89 crore in Q2FY21, 37.23% increase YoY Diluted EPS stands at Rs. 6.19 Q2FY22 vs Q1FY22 (Consolidated) Revenue from operations for the quarter ended September 30th, 2021 stood at Rs. 91.30 crore as compared to Rs. 54.03 crore in Q1FY22, 68.97% increase QOQ. The Earnings before Interest, Tax, Depreciation and Amortization (Core EBITDA) stood at Rs. 29.44 crore in Q2FY22 as against Rs. 14.47 crore in Q1FY22, 103.43% increase QOQ. The Company’s EBITDA margin stood for Q2 FY 22 at 32.24% Profit Before Tax (PBT) stood at Rs. 27.11 crore for Q2FY22 as compared to Rs. 12.55 crore in Q1FY22, 116.01% increase QOQ. The company’s PBT margin stood for Q2 FY 22 at 29.69% Profit After Tax (PAT) reported stood at Rs. 19.05 crore for Q2FY22 as against Rs. 8.71 crore in Q1FY22, 118.79% increase QOQ. PAT margin stood for Q2 FY 22 at 20.87% Operational Highlights: Revenue from Exports is increased by 32.34% in comparison with Q2 FY 21, Received Rs. 220 Crs of orders from Bloom for Yuma version of SOFC units in Q2 FY 22. Qualification for Keeylocko version of SOFC units and sheet metal parts of Bloom are under progress Order book as on 30 Sept 2021 stands at 535.64 Crs in comparison with 288.09 Crs as on 30 Sept 2020 The company has received a rating of A-(Positive) from ICRA and A-/Stable from CRISIL for FY 22 Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “We have witnessed an impressive growth in terms of revenue and order inflow in Q2 FY22 after the challenges imposed by Pandemic in Q1. MTAR has clocked a revenue of Rs. 91.30 Crs with an YoY growth of 24.57%. We have posted an EBITDA of Rs. 29.44 Crs with an YoY growth of 22.26% and a net profit of Rs. 19.05 Crs with an YoY growth of 37.23%. We have received largest single order worth ~Rs. 220 Cr from Bloom in Q2; anticipate an accelerated order inflow from domestic and exports in Q3 and Q4. We are confident of continuing this growth momentum backed by a robust order book over the coming quarters as the Indian manufacturing is at an inflection point amidst push by government on Atmanirbhar Bharat initiative." Result PDF