Source: CNBCTV18
Shares of MTAR Technologies Ltd., known for manufacturing critical precision components, will be reacting to their quarterly results that were reported after market hours on Thursday, May 22.
For the full year, the company's revenue grew by 16.4% from last year to â¹676 crore. This figure is below the company's guidance of â¹725 crore.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 7.2% from last year to â¹120.9 crore, while margins fell 150 basis points to 17.9% from 19.4% at the end of financial year 2024. The margin number was also below the company's guidance of 21%.
MTAR Tech is hopeful of a sequential improvement in margins over the coming quarters as production of the first articles (prototype) order scales up.
For the March quarter, MTAR Tech's revenue grew by 28%, EBITDA nearly doubled, margins expanded by 600 basis points, while the net profit nearly tripled from the same quarter last year. 80% of the company's revenue came from the export market.
The company has also commenced batch production of new products for GKN Aerospace, Rafael, Elbit Systems and Thales, which will be the key drivers of topline for the Aerospace business in financial year 2026, MTAR Tech said in a statement.
At the end of the March quarter, MTAR Tech's total order book stood at â¹979.4 crore, which is also lower than the management guidance of â¹1,500 crore.
Shares of MTAR Tech ended 1.2% higher on Thursday at â¹1,666 before the earnings announcement. The stock has risen 16% in the last one month.
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