MTAR Technologies Q4 Results | Net profit zooms 3x on 67% revenue growth

Precision engineering company MTAR Technologies Ltd on Tuesday (May 12) reported a 222.6% year-on-year surge in net profit for the fourth quarter at ₹44.2 crore, compared with ₹13.7 crore in the same period last year.

Revenue for the quarter increased 67.2% year-on-year to ₹306 crore from ₹183 crore a year ago.

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The company’s EBITDA rose 80.9% to ₹61.7 crore in the quarter, compared with ₹34.1 crore in the corresponding period last year. The EBITDA margin expanded to 20.2% from 18.6% a year earlier.

Shares of MTAR Technologies Ltd ended at ₹6,250.55, down by ₹256.10, or 3.94%, on the BSE today, May 12.