Shares of MTAR Applied sciences Ltd rallied 4% on 14 Could after the corporate introduced securing an order price Rs 34 crore from overseas firms within the renewable vitality and aerospace sectors.
The clear vitality division obtained an order price Rs 21 crore from Bloom Vitality Company, whereas the aerospace section secured a Rs 12.98 crore order from Rafael Superior Defence Techniques Ltd.
The primary order have to be completed by September, and the latter by March 2026.
MTAR Applied sciences noticed a 52.9% enhance in internet revenue to Rs 15.9 crore within the December quarter of FY25, in comparison with Rs 10.4 crore in the identical interval of the earlier yr.
The corporate’s income elevated 47.3% to Rs 174.4 crore from Rs 118.4 crore the earlier yr. By way of operations, earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) elevated by 38.5% to Rs 33.1 crore from Rs 23.9 crore the earlier yr. Nonetheless, its EBITDA margin fell to 19% from 20.2%.
MTAR Applied sciences, a significant participant in India’s defence and strategic industries, focuses on precision engineering for important functions.
At 11:47 am, the shares of MTAR Tech have been buying and selling 2.77% larger at Rs 1,535.30 on NSE.
Curious About MTAR Applied sciences Ltd? Ask the Analyst.
Uninterested in guessing shares to commerce in each day?
Unicorn Indicators empowers you with highly effective instruments like each day inventory scans for Intraday, Swing & Investing, Market Predictions and far more. Obtain the Unicorn Indicators app immediately and take management of your investments!
