MTAR Technologies Ltd on Wednesday posted a 56 per cent rise in its consolidated net profit to Rs 31 crore during March FY 2022-23 quarter, on account of higher income.
It had clocked a net profit of Rs 19.8 crore during the January-March quarter of FY 2021-22, the company said in a regulatory filing.
The company’s total income during the fourth quarter rose to Rs 200.9 crore from Rs 101 crore in the year-ago period.
Total expenses were at Rs 157.9 crore as against Rs 77.2 crore a year ago.
Hyderabad-based MTAR Technologies Ltd (MTAR) is engaged in the manufacturing and development of critical precision-engineered systems.
