MTAR Technologies released its quarter results recently. The company works in different departments like engineering, manufacturing space, nuclear, defense & Aerospace. They are going profitable for the quarter. However, the profits decreased as compared to the previous year. We will share details about MTAR Technologies Limited’s Q3 results 2024 below. The company made ₹10.45 Crore in the net profits for the quarter. Let us explore more about MTAR Technologies’ quarter results below.
MTAR Tech Q3 Results 2024 Earnings, Net Profit, Sales Report
MTAR Technologies Q3 results 2024 are out now The company’s Q3 results were profitable. However, the profits were a little low. The company made a net profit of ₹10.45 Crores with a revenue of ₹118.86 Crore. While the net margin is 8.79%. It fell almost to the half of the previous quarter. Yearly, it is left almost one-third. Thus, net profits fell 66.7% yearly and 48.92% quarterly. Apart from that, revenue also fell to 28% yearly and 29% quarterly.
MTAR Technologies Q3 results 2023 had a net profit of ₹31.45 Crore with a revenue of ₹165.92 Crore. The company made a rise in the revenue by 109.39 %. While it made a quarterly rise of 26.13% in Q3 2024. The net profit margins were 18.95%. MTAR Technologies rise 136.29% yearly in net profits quarterly for Q3 2023. However, it was better results as compared to the current quarter.
MTAR Technologies Q2 has a net profit of ₹20.46 Crore with a revenue of ₹167.68 Crore. The net profit margins are 12.20%. Therefore, MTAR made a fall in the net profits by 17.13% yearly. It made a rise in the net profits by 0.59% quarterly. The company’s overall performance was outstanding in the previous year. However, it is showing a little weak in this quarter and year.
MTAR Technologies has a share price of ₹1,700.50 per share. It opened at ₹17,500 with a market cap of ₹5.23 Thousand Crore. The company has a 52-week high of ₹2,920.35 with a 52-week low of ₹1,473. The P/E Ratio is 50.64. The company’s share fell gradually after the release of its quarter results. The shares are not showing growth in the market for the last year. The overall growth goes into negative -1.68% in a year. We hope you get enough details about MTAR Technologies Q3 results 2024 results above.