Q2 Success: MTAR Posts 48% QoQ Revenue Growth and 122% Rise in EBITDA

Hyderabad, October  30, 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 consolidated financial results for the second quarter ended September 30, 2024.

QoQ Q2 FY 25 vs. Q1 FY 25

• Revenue from Operations stood at Rs. 190.2 Cr. in Q2 FY 25 as against Rs. 128.3 Cr. in Q1 FY 25, 48.3% increase QoQ
• EBITDA reported at Rs. 36.8 Cr. in Q2 FY 25 as compared to Rs. 16.6 Cr. in Q1 FY 25, 121.7 % increase QoQ
• Profit Before Tax stands at Rs. 25.3 Cr. in Q2 FY 25 as against Rs. 6.2 Cr. in Q1 FY 25, 307.9% increase QoQ
• Profit After Tax was at Rs. 18.8 Cr in Q2 FY 25 as against Rs. 4.4 Cr. in Q1 FY 25, 324.0% Increase QoQ

YoY Q2 FY 25 vs. Q2 FY 24

• Revenue from Operations stood at Rs.190.2 Cr. in Q2 FY 25 as against Rs.166.8 Cr. in Q2 FY 24, 14% increase YoY
• EBITDA reported at Rs. 36.8 Cr. in Q2 FY 25 as compared to Rs. 36.1 Cr. in Q2 FY 24, 2.0% increase YoY
• Profit Before Tax stands at Rs. 25.3 Cr. in Q2 FY 25 as against Rs. 25.7 Cr. in Q2 FY 24, 1.5% decrease YoY
• Profit After Tax was at Rs. 18.8 Cr in Q2 FY 25 as against Rs. 20.5 Cr. in Q2 FY 24, 8.2% decrease YoY

Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “ We have witnessed a significant growth in revenue and EBITDA in Q2 FY 25 compared to Q1 FY 25 inline with the guidance given in last quarter. The execution in second half is going to be stronger than the first half. Sequential improvement in margins is likely to continue over the coming quarters. Order inflow is expected to ramp up in the second half across all the sectors.”