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MTAR Technologies’ stock slips ~4% despite robust Q4 & FY22 numbers

PAT for the quarter under review logged growth of 48.8% QoQ at Rs19.80 crore.

May 25, 2022 1:46 IST | India Infoline News Service
MTAR Technologies Ltd. has announced its financial results for the fourth quarter and year ended March 31, 2022.

Revenue from Operations stood at Rs322 crore in FY22 as against Rs246.40 crore in FY21, a 30.7% yoy increase. Revenue for Q4FY22 was reported at Rs98.60 crore, up by 26.20% against Rs78.10 crore in Q3FY22.

EBITDA for FY22 was reported at Rs94.40 crore as against Rs83.10 crore in FY21, registering a growth of 13.60% yoy. Whereas EBITDA for Q4FY22 stood at Rs27.70 crore as compared to Rs22.80 crore in Q3FY22, up by 21.40% QoQ.

PAT for the quarter under review logged growth of 48.8% QoQ at Rs19.80 crore as compared to Rs13.30 crore in the previous quarter. For FY22, PAT registered a growth of 32.10% yoy at Rs60.90 crore as compared to Rs46 crore in FY21.

Diluted EPS stands at Rs6.4 for Q4FY22, and Rs19.80 for FY22.

Revenue from Exports stood at Rs197.8 crore in FY22 in comparison with Rs129.7 crore in FY21, an increase of Rs68.10 crore, registering a growth of 52.5%.

At around 1.49 PM, MTAR Tech was trading Rs56.55 or 3.85% lower at Rs1,413.85 on NSE. So far, it touched intraday high and low of Rs1,540 and Rs1407.70 respectively.

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