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Shares of MTAR Technologies Ltd. surged as much as 11% on Tuesday, February 5, in response to its June quarter results, which were higher on a year-on-year basis.
The company's net profit more than doubled
from last year to ₹14.8 crore from ₹6.2 crore, while its revenue increased by 22.3% on a year-on-year basis to ₹156.5 crore from ₹128 crore last year. '
Earnings Before Interest, Tax, Depreciation increased by 72% on a year-on-year basis to ₹28.4 crore, while margins expanded by 500 basis points to 18% from 13% last year.
MTAR Tech has guided for revenue growth in financial year 2026 to be at 25% and margins to be at 21%. The management had also expressed confidence in its last interaction in May, that it will achieve its full-year
guidance.
Shares of MTAR Technologies are currently trading 10.2% higher after the results announcement at ₹1,600. The stock is still down 15% below its recent high of ₹1,871.
The company's net profit more than doubled
Earnings Before Interest, Tax, Depreciation increased by 72% on a year-on-year basis to ₹28.4 crore, while margins expanded by 500 basis points to 18% from 13% last year.
MTAR Tech has guided for revenue growth in financial year 2026 to be at 25% and margins to be at 21%. The management had also expressed confidence in its last interaction in May, that it will achieve its full-year
Shares of MTAR Technologies are currently trading 10.2% higher after the results announcement at ₹1,600. The stock is still down 15% below its recent high of ₹1,871.
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