On a consolidated basis, the net profit of MTAR Technologies surged 29.6 per cent to Rs 24.69 crore on a 38.2 per cent rise in revenue from operations to Rs 126.18 crore in the second quarter of FY23 over the second quarter of FY22. The profit before tax (PBT) stood at Rs 32.99 crore in Q2FY23 from Rs 27.11 crore posted in Q2FY22.

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EBIDTA grew 19 per cent to Rs 34.9 crore in the second quarter of FY23 compared to Rs 29.4 crore in the second quarter of FY22. EBIDTA margin declined to 27.7% in the second quarter of FY23 compared to 32.2 per cent in the second quarter of FY22.

At the end of the second quarter, the order book stood at Rs 1,288.8 crore. The firm received Rs 643.5 crore of orders in different sectors, including  Fuel cells and Hydel and Clean Energy Civil Nuclear Power, in the second quarter of FY23.

The company is to manufacture and provide service in precision engineering and critical assembly of key components and products for various customer segments such as Space, Civil Nuclear Energy, Defence, Clean Energy, Aerospace and others.

On the Bombay Stock Exchange (BSE), shares of MTAR Technologies go up by 0.27 per cent to Rs 1,640.