MTAR Technologies consolidated net profit declines 84.33% in the March 2024 quarter

Sales decline 27.20% to Rs 142.97 crore

Net profit of MTAR Technologies declined 84.33% to Rs 4.87 crore in the quarter ended March 2024 as against Rs 31.07 crore during the previous quarter ended March 2023. Sales declined 27.20% to Rs 142.97 crore in the quarter ended March 2024 as against Rs 196.40 crore during the previous quarter ended March 2023.

For the full year,net profit declined 45.75% to Rs 56.11 crore in the year ended March 2024 as against Rs 103.42 crore during the previous year ended March 2023. Sales rose 1.22% to Rs 580.75 crore in the year ended March 2024 as against Rs 573.75 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales142.97196.40 -27 580.75573.75 1 OPM %12.7524.97 -19.4126.84 - PBDT13.1047.99 -73 96.20158.88 -39 PBT7.1942.97 -83 73.04140.22 -48 NP4.8731.07 -84 56.11103.42 -46

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