The shares of a defence company specializing in the design and manufacturing of high-precision products for various sectors jumped upto 2 percent following their Q3 results with a 53 percent rise in Profit YoY.
Price action
With a market capitalization of Rs. 4,589.33 crores on Tuesday, the shares of MTAR Technologies Limited jumped up to 2 percent making a high of Rs. 1548.45 per share compared to the previous close of Rs. 1519.45 per share.
What Happened
MTAR Technologies Limited engaged in the design and manufacturing of high-precision products for various sectors has announced its Q3FY25 results.
Its Revenue from operations rose by 48 percent YoY from Rs. 118 Crores in Q3FY24 to Rs. 174 Crores in Q3FY25 and it declined by 8 percent QoQ from Rs. 190 Crores in Q2FY25 to Rs. 174 Crores in Q3FY25.
Its Net Profit rose by 53 percent YoY from Rs. 10.4 Crores in Q3FY24 to Rs. 15.9 Crores in Q3FY25 and it declined by 14 percent QoQ from Rs. 18.7 Crores in Q2FY25 to Rs. 15.9 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 5.19, compared to Rs. 6.10 in the previous quarter and Rs. 3.40 in the same quarter last year.
About the company
MTAR Technologies Ltd is a leading precision engineering company that specializes in the design and manufacturing of high-precision products for critical sectors, including aerospace, nuclear, defense, and clean energy. MTAR’s key offerings include the assembly and manufacturing of products like reactors, control systems, and other complex parts for space programs.
Breakdown of MTAR’s Orderbook
As of Q3FY25 MTAR Technologies Ltd has a diversified order book valued at Rs. 1,030 cr, with Clean Energy- Fuel Cell, Hydel & Others leading at 55.8 percent, Clean Energy- Civil Nuclear Power contributing 13.1 percent, Space at 18.1 percent, Defence accounts 7.0 percent and Products & Others with 5.9 percent.
Written by Sridhar J
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