MTAR Technologies reported a sharp increase in its September-quarter earnings, with net profit rising to Rs 59.83 crore. Revenue also jumped to Rs 406.77 crore from Rs 135.59 crore a year earlier. Meanwhile, the NCLT approved the merger of two wholly owned subsidiaries with the company on Thursday. Good growth.
MTAR Technologies reported a sharp increase in its September-quarter earnings, with net profit and revenue rising several-fold year-on-year, while the Hyderabad bench of the National Company Law Tribunal (NCLT) approved the merger of two wholly owned subsidiaries with the company.
The aerospace and defence components maker reported a net profit of Rs 59.83 crore for the second quarter of fiscal 2027, compared with Rs 4.25 crore in the year-ago period. Revenue from operations rose to Rs 406.77 crore from Rs 135.59 crore a year earlier, according to the company's unaudited financial results filed with the stock exchanges on Thursday.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to Rs 99 crore in the July-September quarter, compared with Rs 17 crore in the corresponding period last year. The EBITDA margin expanded to 24.3% from 12.5% a year ago, indicating an improvement in operating profitability.
Total income for the quarter, including other income, stood at Rs 415.28 crore, against Rs 139.27 crore in the year-ago period.
MTAR Technologies' total expenses increased to Rs 335 crore in the September quarter from Rs 133.60 crore a year earlier. The cost of materials consumed rose to Rs 228.31 crore from Rs 81.77 crore, while employee benefit expenses increased to Rs 49.70 crore from Rs 33.33 crore.
Finance costs stood at Rs 16.24 crore, compared with Rs 6.21 crore in the corresponding quarter last year. Depreciation and amortisation expenses rose to Rs 11.15 crore from Rs 8.79 crore.