MTAR Technologies Ltd., a precision engineering solutions company, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue from Operations: ₹143.0 crore (20.8% increase QoQ)
EBITDA: ₹18.2 crore (23.6% decrease QoQ)
Profit Before Tax: ₹7.2 crore (44.2% decrease QoQ)
Profit After Tax: ₹4.9 crore (53.4% decrease QoQ)
FY24 Financial Highlights:
Revenue from Operations: ₹580.8 crore (1.2% increase YoY)
EBITDA: Not explicitly mentioned in the summary.
Profit Before Tax: Not explicitly mentioned in the summary.
Profit After Tax: Not explicitly mentioned in the summary.
Key Points:
Revenue Growth in Q4: The company experienced significant revenue growth in Q4FY24 compared to the previous quarter, primarily driven by increased orders and project deliveries.
Profitability Decline in Q4: Despite the revenue growth, profitability declined in Q4FY24 due to higher operating expenses and a one-time exceptional item.
Overall FY24 Performance: The company reported a marginal increase in revenue for the full fiscal year, but specific details on profitability are not available in the summary.
Future Outlook: MTAR Technologies is optimistic about its growth prospects, with a strong order book and new projects in the pipeline.
Management Commentary: The company's management expressed confidence in its ability to navigate current challenges and achieve sustained growth in the future.
For further details and analysis, you can refer to the following resources:
MTAR Technologies Q4 FY2023-24 Earnings Conference Call: https://www.youtube.com/watch?v=ussAUNM0EdU
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/mtar-technologies-ltd
Comments