Mtar Technologies Limited — Updates, 29-10-2024: Press Release

MTAR Technologies Ltd reported strong Q2 results with a 48.3% QoQ increase in revenue to Rs. 190.2 Cr, and a remarkable 121.7% QoQ increase in EBITDA to Rs. 36.8 Cr. The profit before tax surged by 307.9% to Rs. 25.3 Cr, while profit after tax rose 324.0% to Rs. 18.8 Cr. Year-on-year, revenue grew 14%, although profit figures showed slight declines. The company anticipates stronger performance and increased order inflow in the second half.