Categories AlphaGraphs, Earnings, Technology

MTAR Technologies Ltd Q4FY24; 84% fall in Profits

MTAR develops and manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. The company was incorporated in 1970 by the promoters, Mr PR Reddy, Mr KSN Reddy and Mr PJ Reddy, to cater to the technical and engineering needs of the Indian government in the post embargo regime. MTAR has manufacturing footprints in Hyderabad with seven units spread across a 4 km radius and a dedicated export facility as well.

Financial Results:

MTAR Technologies Ltd reported Revenues for Q4FY24 of ₹142.94 Crores down from ₹196.33 Crore year on year, a fall of 27.19%.

Total Expenses for Q4FY24 of ₹136.09 Crores down from ₹158.34 Crores year on year, a fall of 14.05%.

Consolidated Net Profit of ₹5.07 Crores down 83.51% from ₹30.74 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.65, down 83.48% from ₹9.99 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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