MTAR Q3 Results 2024: Date and Time, Share Price and Target

News: In this article, we delve into the third-quarter (Q3) results of MTAR Technologies, a prominent player in the aerospace and defense sector. Let’s break down the essential details, including the date and time of the announcement, share price movement, and target outlook.

Q3 FY24 Results Snapshot

• Profit After Tax (PAT): In Q3 FY24, MTAR reported a PAT of Rs 10.4 crore, a significant decline of 66.8% compared to the same period in FY23.
• Revenue from Operations: The company’s revenue from operations stood at Rs 118.4 crore during the quarter, down 26.1% year-on-year (YoY).
• EBITDA: The EBITDA slipped by 47% (YoY), reaching Rs 23.9 crore in Q3 FY24.

Share Price Movement

• On the day of the results announcement, MTAR Technologies’ stock witnessed a sharp decline. It plummeted 12.17%, hitting a day low of Rs 1,683 (compared to the previous close of Rs 1,916.20).

Management Commentary

• Parvat Srinivas Reddy, Managing Director and Promoter at MTAR Tech, shared insights:
  • FY24 Revenue Outlook: Revenues are expected to be marginally higher than FY23 due to the deferment of export shipments in the Clean Energy sector to the next fiscal year.
  • FY25 Growth: The growth outlook for FY25 remains robust, with a likely 45-50% YoY increase in revenues.
  • Strategic Progress: MTAR has made significant progress in the Small Satellite Launch Vehicle project and is in advanced discussions with reputed global MNCs.

Promoter Stake

• As of December 2023, promoters hold 37.26% stake in MTAR Technologies.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

About MTAR Company

MTAR Technologies is a leading national player in the precision engineering industry. Established in 1970, MTAR specializes in manufacturing mission-critical precision components with close tolerances (ranging from 5 to 10 microns) and critical assemblies. Their expertise serves projects of high national importance across various sectors, including:

1. Civilian Nuclear: MTAR has an unparalleled history of contributing to the Indian Civilian Nuclear Power program.
2. Defence & Aerospace: The company plays a crucial role in the Indian Defense sector and also collaborates globally.
3. Space: MTAR has been associated with the Indian Space program.
4. Ball Screws & Roller Screws: Their precision components are essential for various applications.
5. Clean Energy: MTAR contributes to the global clean energy sector.

Manufacturing Solutions Under One Roof

MTAR provides a one-stop solution for all manufacturing needs. Their comprehensive services include:

• Advanced Machining: Precision machining with cutting-edge technology.
• Specialized Fabrication: Expertise in fabricating critical components.
• Assembly & Testing: Ensuring quality and reliability.
• Heat Treatment: Vital for material properties.
• Special Processes: Including painting and surface treatment.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.