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MTAR Technologies Ltd Q3FY24; 66% fall 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 Q3FY24 of ₹118.00 Crores down from ₹160.00 Crore year on year, a fall of 26.25%.

Total Expenses for Q3FY24 of ₹107.00 Crores down from ₹124.00 Crores year on year, a fall of 13.71%.

Consolidated Net Profit of ₹11.00 Crores down 65.62% from ₹32.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.43, down 66.73% from ₹10.31 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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