MTAR Technologies reports strong top-line and bottom-line growth

MTAR Technologies reports strong top-line and bottom-line growth
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Hyderabad, Nov 03, 2022MTAR Technologies Ltd (“MTAR”), a leading precision engineering solutions company engaged in the 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 financial results for the second quarter and half year ended 30 September 2022. 

YOY Q2 FY 23 vs. Q2 FY 22 

  •  Revenue from Operations stood at Rs. 126.2 Cr. in Q2 FY 23  as against Rs. 91.3 Cr. in Q2 FY 22, 38% increase YoY
  • EBITDA reported at Rs. 34.9 Cr. in Q2 FY 23  as compared to Rs. 29.4 Cr. in Q2 FY 22, 19% increase YoY
  •  Profit Before Tax stands at Rs. 33.0 Cr. in Q2 FY 23  as against Rs. 27.1 Cr. in Q2 FY 22, 22% increase YoY
  • Profit After Tax was at Rs. 24.7 Cr. in Q2 FY 23 as against Rs. 19.1 Cr. in Q2 FY 22, 30% increase YoY
  •  Diluted EPS stands at Rs. 8.03  for Q2 FY 23 as against Rs. 6.20 for Q2 FY 22.

QOQ Q2 FY 23 vs. Q1 FY 23 

  • Revenue from Operations stood at Rs. 126.2 Cr. in Q2 FY 23  as against Rs.  91.0 Cr. in Q1 FY 23, 39 % increase in QoQ
  •  EBITDA reported at Rs. 34.9 Cr. in Q2 FY 23  as compared to Rs. 25.0 Cr. in Q1 FY 23, 40% increase in QoQ
  • Profit Before Tax stands at Rs. 33.0 Cr. in Q2 FY 23  as against Rs. 22.2 Cr. in Q1 FY 23, 49 % increase in QoQ
  •  Profit After Tax was at Rs. 24.7 Cr. in Q2 FY 23  as against Rs. 16.2 Cr. in Q1 FY 23, 52%  increase in QoQ
  • Diluted EPS stands at Rs. 8.03 for Q2 FY 23 as against Rs. 5.27 for Q1 FY 23. 

Operational Highlights 

  •  Order book as on 30 Sept 2022 stands at Rs. 1,288.8 Cr as on 30 Sept 2022
  •  Received Rs. 643.5 Cr of orders in various sectors including Clean Energy – Civil Nuclear Power, Fuel cells, and Hydel in Q2 FY 23

Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, “The company has extended its strong performance into H1 FY 23 by registering the fastest growth in the first half so far. H2 FY 23 is expected to be better than H1 FY 23. We are on track to achieve our full-year guidance of 55%-60% revenue growth with 30% EBITDA margin +/- 100 bps”

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