MTAR Technologies Posts Record Q1 Revenue, Net Profit Jumps 365%
Hyderabad, July 29 (TNT): MTAR Technologies Ltd on Wednesday reported its highest-ever quarterly revenue for the first quarter of FY27, with revenue from operations rising 130.4 per cent year-on-year to ₹360.7 crore, driven by growth across its core business segments.
The company posted an EBITDA of ₹85.1 crore during the quarter, up 199.7 per cent from ₹28.4 crore in the corresponding period of the previous financial year.
Profit after tax surged to ₹50.2 crore from ₹10.8 crore, registering year-on-year growth of 355 per cent and 364.5 per cent, respectively, the Hyderabad-based company said in a release .
Commenting on the performance, Managing Director Parvat Srinivas Reddy said the company’s results were in line with its growth guidance for the current financial year and that its key business verticals were positioned for the next phase of growth.
Hyderabad-based MTAR Technologies manufactures mission-critical precision-engineered systems for the clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors and operates 16 manufacturing units.
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