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Revenue from operations surged 99.2% to Rs 196.40 crore in Q4 FY23 as compared with Rs 98.58 crore posted in corresponding quarter last year.
Profit before tax jumped 80.3% year on year to Rs 42.97 crore in Q4 FY23.
EBITDA stood at Rs 49.1 crore in Q4 FY23 as compared with Rs 27.7 crore in Q4 FY22, registering the growth of 77.1%.
On full year basis, the company's consolidated net profit jumped 69.9% to Rs 103.42 crore on 78.2% rise in revenue from operations to Rs 573.75 crore in FY23 over FY22.
As on 31 March 2023, the order book stood at Rs 1,172.9 crore.
Parvat Srinivas Reddy, managing director & promoter, MTAR Technologies, said, “MTAR is poised to witness an accelerated growth with healthy margins over the coming years. The company has not only added reputed global MNCs in FY23 but also in discussions with lot more customers. We are looking forward to a 45%-50% increase in our revenues in FY24. Our NWC days shall be reduced further by end of FY24. Positive industry growth in the sectors of our presence is expected to fuel our growth further.”
Meanwhile, the board has approved the reappointment of P Srinivas Reddy as a managing director of the company for a period of 5 years with effect from 01 September 2023.
MTAR Technologies caters to Civil Nuclear Power, Space, Defence and Clean Energy sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs. It has seven manufacturing units, including an export-oriented unit, each based in Hyderabad, Telangana.
The scrip declined 5.75% to Rs 1,880.85 on the BSE.
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