MTAR Technologies Reports Quarterly Results and Approves Key Director Reappointments
MTAR Technologies Limited released its unaudited financial results for the quarter ended June 30, 2026, alongside a board meeting outcome detailing significant corporate governance updates. The Board of Directors approved these standalone and consolidated financial results, along with limited review reports, during the meeting held on July 29, 2026.Corporate Governance and Appointments
The Board meeting considered and approved several key management appointments. Mr. Rohith Loka Reddy was re-appointed as a Director, retiring by rotation. Similarly, Mr. Anushman Reddy was re-appointed as a Director, also retiring by rotation.The company has scheduled its Annual General Meeting (AGM) for the Financial Year 2025-26 on Monday, September 28, 2026, which will be held via video conference or other audio visual means. M/s S.S. Reddy & Associates, Practicing Company Secretaries, have been appointed as scrutinizers to conduct E-voting during the AGM.
Quarterly Financial Performance Highlights
The company provided both unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.Standalone Financial Results (Q Ended 30-Jun-26)
Total revenue from operations stood at INR 3,607.21 million. Total income reached INR 3,687.57 million. The net profit for the period was reported at INR 505.04 million.
Consolidated Financial Results (Q Ended 30-Jun-26)
Total revenue from operations stood at INR 3,607.21 million. Total income was INR 3,686.08 million. The net profit for the period was reported at INR 502.27 million.
A review of the standalone financial results highlighted that an exceptional item—a one time increase in provision for employee benefits amounting to INR 37.67 million—was recorded for the Financial Year ended March 31, 2026, following the implementation of New Labour Codes.
| Particulars | Q Ended 30-Jun-26 (Standalone - Amounts in INR millions) | Y Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Revenue from Operations | 3,607.21 | 3,060.30 |
| Total Income | 3,687.57 | 3,225.71 |
| Net Profit for the Period | 505.04 | 443.37 |
| Particulars | Q Ended 30-Jun-26 (Consolidated - Amounts in INR millions) | Y Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Revenue from Operations | 3,607.21 | 3,060.69 |
| Total Income | 3,686.08 | 3,224.64 |
| Net Profit for the Period | 502.27 | 442.83 |
Audit Review and Subsidiary Performance
Independent auditor reports covering both the unaudited interim financial results and other financial information were conducted by S.R. Batliboi & Associates LLP. The review concluded that nothing had come to their attention that suggested the accompanying Statement contained any material misstatement or failed to disclose required information in terms of applicable regulations.The consolidated statement included the results of two subsidiaries, Gee Pee Aerospace and Defence Private Limited, and Magnatar Aero Systems Private Limited. For the quarter ended June 30, 2026, these subsidiaries recorded total revenues of Rs 16.79 million and a total net loss after tax of Rs. 7.22 million.
MTARTECH Stock Price Movement
Mtar Technologies Limited shares closed today, shedding 4.99% to settle at ₹5194 after trading in the post-market session. The stock saw a significant volume of 461,474 shares traded during the day.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.
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