Hyderabad, Aug 13, 2024: MTAR Technologies Ltd (“MTAR”), a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to Clean Energy – Civil Nuclear Power, Fuel Cells, Hydel & Others, Space, and Defence sectors has announced its unaudited financial results for the first quarter ended June 30, 2024.
QoQ Q1 FY 25 vs. Q4 FY 24
- Revenue from Operations stood at Rs. 128.3 Cr. in Q1 FY 25 as against Rs. 143.0 Cr. in Q4 FY 24, 10.3% decrease QoQ
- EBITDA reported at Rs. 16.6 Cr. in Q1 FY 25 as compared to Rs. 18.2 Cr. in Q4 FY 24, 8.9% decrease QoQ
- Profit Before Tax stands at Rs. 6.2 Cr. in Q1 FY 25 as against Rs. 7.2 Cr. in Q4 FY 24, 13.7% decrease QoQ
- Profit After Tax was at Rs. 4.4 Cr in Q1 FY 25 as against Rs. 4.9 Cr. in Q4 FY 24, 9.1% decrease QoQ
YoY Q1 FY 25 vs. Q1 FY 24
- Revenue from Operations stood at Rs.128.3 Cr. in Q1 FY 25 as against Rs.152.6 Cr. in Q1 FY 24, 15.9% decrease YoY
- EBITDA reported at Rs. 16.6 Cr. in Q1 FY 25 as compared to Rs. 34.5 Cr. in Q1 FY 24, 51.9% decrease YoY
- Profit Before Tax stands at Rs. 6.2 Cr. in Q1 FY 25 as against Rs. 27.3 Cr. in Q1 FY 24, 77.2% decrease YoY
- Profit After Tax was at Rs. 4.4 Cr in Q1 FY 25 as against Rs. 20.3 Cr. in Q1 FY 24, 78.2% decrease YoY
Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “ We are looking forward to clock highest ever revenue in Q2 of this fiscal year. Also, the execution in second half is going to be stronger than the first half. There will progressive improvement in margins starting from Q2. The company has recently received 140 Crs of orders in Clean Energy segment. We are expecting more orders in Clean Energy that shall be executed in this fiscal year itself. Further, there will be significant inflow of orders from Oil & Gas and other sectors as well in second half.”
