MTAR Technologies Limited has announced the outcome of its Board of Directors’ meeting held on October 29, 2026. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the corresponding limited review reports. A significant development was the approval of a Scheme of Amalgamation for two wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, with the company, effective April 01, 2025.
Unaudited Financial Results Approved
MTAR Technologies Limited convened a meeting of its Board of Directors on Thursday, October 29, 2026, to consider and approve key financial and strategic matters. The board has given its nod to the unaudited financial results for the quarter and half-year ended September 30, 2026. Accompanying these results are the Limited Review Reports for the same periods, indicating a thorough review by statutory auditors.
Scheme of Amalgamation Sanctioned
A significant strategic decision made by the board was the approval of a Scheme of Amalgamation involving the company and its wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited, and Magnatar Aero Systems Private Limited. This scheme received approval from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench-II, on October 28, 2026. The amalgamation is effective from April 01, 2025, and has been accounted for under the ‘pooling of interests’ method. The company has restated historical figures to reflect this merger, noting that the impact is not material.
Key Financial Highlights (Unaudited)
The unaudited financial statement for the half-year ended September 30, 2026, reveals a Profit Before Tax of INR 1,476.80 million. The total income for the same period stood at INR 7,838.88 million, with total expenses amounting to INR 6,362.08 million. The net profit after tax for the half-year was INR 1,100.58 million. For the quarter ended September 30, 2026, the profit before tax was INR 802.79 million, with total income at INR 4,152.80 million and total expenses of INR 3,350.01 million, resulting in a net profit after tax of INR 598.32 million.
Earnings Per Share
Basic earnings per share for the half-year ended September 30, 2026, were reported at INR 35.78, while diluted earnings per share stood at the same figure. For the quarter ended September 30, 2026, basic and diluted earnings per share were INR 19.45.
Statement of Assets and Liabilities
As of September 30, 2026, the company’s total assets were reported at INR 23,281.90 million, with total equity and liabilities also at INR 23,281.90 million. Non-current assets were valued at INR 8,836.23 million, while current assets totalled INR 14,445.67 million. Equity share capital remained stable at INR 307.59 million, with other equity at INR 9,018.86 million.
Cash Flow Statement Summary
The cash flow statement for the half-year ended September 30, 2026, shows net cash generated from operating activities at INR 3,499.72 million. Investing activities resulted in a net cash outflow of INR 4,073.23 million, primarily due to capital expenditure. Financing activities generated a net cash inflow of INR 566.42 million. The net increase in cash and cash equivalents for the period was INR 2.87 million.
Source: BSE
