MTAR Technologies Approves Annual Financial Results and Appoints New Auditors
Mtar Technologies Limited announced the outcomes of its Board of Directors meeting, which was held on May 12, 2026. During the meeting, the board approved the Audited Financial Results and Statements (both standalone and consolidated) for the quarter and year ended March 31, 2026.The board also formalized appointments for the company’s auditing function for the next three financial years. M/s. Sagar & Associates, Cost Accountants, were appointed as Cost Auditors for the Financial Years (FYs) 2026-27, 2027-28, and 2028-29. Concurrently, Ms. Seshachalam & Co., Chartered Accountants, were appointed as Internal Auditors for the same period, covering FYs 2026-27, 2027-28, and 2028-29.
Financial Performance Overview
The audited financial results cover the period up to March 31, 2026, providing both standalone and consolidated views of the Group’s performance.The Group's financial results for the year ended March 31, 2026, included a one-time increase in provision for employee benefits. This adjustment resulted from the implementation of the 'New Labour Codes' (which became effective November 21, 2025). This provision increase of ¥ 37.67 million was recognized as an 'exceptional item' in the consolidated statement of profit and loss for the year.
The company also reported that it has filed a scheme for the merger of its wholly owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems, Private Limited, into the Holding company with the National Company Law Tribunal.
Financial Results Summary (INR millions)
The following tables summarize the key financial metrics for Mtar Technologies Limited, comparing the audited results for the financial year ending March 31, 2026, against the prior year's audited figures.Standalone Financial Results (Quarter and Year Ended March 31, 2026)
| Particulars | 31-Mar-26 (Audited) | 31-Mar-25 (Audited) |
|---|---|---|
| Total Revenue from Operations | 3,060.69 | 6,759.95 |
| Total Income | 3,224.64 | 6,811.45 |
| Total Expenses | 2,629.22 | 6,095.75 |
| Profit before tax | 595.42 | 715.70 |
| Statutory Impact of New Labour Code | - | 37.67 |
| Net profit for the period | 5 | 346.89 |
| Basic earnings per share | 30.57 | 17.19 |
Consolidated Financial Results (Quarter and Year Ended March 31, 2026)
| Particulars | 31-Mar-26 (Audited) | 31-Mar-25 (Audited) |
|---|---|---|
| Total Revenue from Operations | 8,762.06 | 6,759.95 |
| Total Income | 8,992.96 | 6,811.45 |
| Total Expenses | 7,693.83 | 6,095.75 |
| Profit before tax | 1,299.13 | 715.70 |
| Statutory Impact of New Labour Code | 37.67 | - |
| Net profit for the period | 5 | 346.89 |
| Basic earnings per share | 30.57 | 17.19 |
***
Statement of Assets and Liabilities Summary (INR millions)
The company's audited financial position as of March 31, 2026, is reflected in the following table, detailing total assets and total equity and liabilities.
| Particulars | Standalone (Audited) 31-Mar-26 | Standalone (Audited) 31-Mar-25 | Consolidated (Audited) 31-Mar-26 | Consolidated (Audited) 31-Mar-25 |
|---|---|---|---|---|
| Non-current assets | 4,803.05 | 4,223.57 | 4,972.28 | 4,361.24 |
| Current assets | 11,314.40 | 6,171.12 | 11,282.15 | 6,180.76 |
| Total Assets | 17,434.25 | 11,302.82 | 17,434.25 | 11,281.85 |
| Other equity | 7,949.23 | 6,999.60 | 7,918.28 | 6,981.59 |
| Total Equity and Liabilities | 11,281.85 | 7,289.18 | 17,434.25 | 11,302.82 |
MTARTECH Stock Price Movement
Shares of Mtar Technologies Limited today slipped by 3.82% to close at ₹6248.5. The stock saw a total traded volume of 679,655 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: