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MTAR Technologies Ltd Q1FY24; 25% rise in Profits

MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries.

Financial Results:

MTAR Technologies Ltd reported Revenues for Q1FY24 of ₹152.00 Crores up from ₹91.00 Crore year on year, a rise of 67.03%.

Total Expenses for Q1FY24 of ₹130.00 Crores up from ₹72.00 Crores year on year, a rise of 80.56%.

Consolidated Net Profit of ₹20.00 Crores up 25.0% from ₹16.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.44, up 20.60% from ₹5.34 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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