MTAR Technologies has released its audited financial results for the quarter and year ended March 31, 2026. The company demonstrated strong growth, reporting a consolidated annual revenue of INR 8,762.06 million and a net profit of INR 940.30 million for the fiscal year. These figures reflect solid operational performance, further strengthened by the company’s strategic focus on its core manufacturing business and the integration of its subsidiary entities.
Financial Performance Highlights
For the fiscal year ended March 31, 2026, MTAR Technologies delivered strong financial results. The company reported a consolidated annual revenue of INR 8,762.06 million, a significant increase compared to the previous fiscal year. Net profit for the year stood at INR 940.30 million, supported by a Basic Earnings Per Share (EPS) of INR 30.57. The fourth quarter (Jan-Mar) alone contributed INR 3,060.69 million in revenue, highlighting a strong finish to the financial year.
Strategic Appointments and Governance
As part of its commitment to robust corporate governance, the Board of Directors approved the appointment of new auditors for a 3-year term covering the financial years 2026-27 through 2028-29. M/s. Sagar & Associates has been appointed as the Cost Auditor, while M/s. Seshachalam & Co. will serve as the Internal Auditor for the company.
Operational Developments
The company continues to advance its consolidation efforts, having 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. This move is expected to streamline operations and enhance organizational efficiency. Additionally, the company recognized a one-time exceptional expense of INR 37.67 million during the year, attributed to the implementation of the new Labour Codes.
Audit Confirmation
The company’s management has confirmed that its statutory auditors, M/s. S.R. Batliboi & Associates LLP, have issued an unmodified or unqualified opinion on the audited financial results for both standalone and consolidated statements for the period ended March 31, 2026, ensuring transparency and accuracy in financial reporting.
Source: BSE
