MTAR Tech Q3 Results: Profit jumps over 50% on-year, revenue up 47%

The bottom-line growth was supported by higher revenues and strong order execution.

The company’s revenue surged 47.3% on-year to ₹174.4 crore, up from ₹118.4 crore in Q3FY24, reflecting increased demand from the defence, aerospace, nuclear, and clean energy sectors.

On the operational front, EBITDA rose 38.5% to ₹33.1 crore, compared to ₹23.9 crore a year ago. However, EBITDA margin slipped to 19% from 20.2%, impacted by higher input costs and an evolving product mix.Also read: EIL Q3 Results: Navratna PSU gains on strong earnings, declares dividend

MTAR Technologiesa key player in India’s defence and strategic sectors, specialises in precision engineering for critical applications.

Ahead of the earnings announcement, shares of MTAR Technologies closed 1.48% lower at ₹1,523.55 on the BSE.