MTAR Technologies Q1 FY27 Revenue Jumps 130% YoY

Key Quantitative Figures (Standalone for Q1 FY27)

Revenue from Operations: ₹3,607.21 million
Sale of Products: ₹3,558.92 million
Other Operating Revenue: ₹48.29 million
Other Income: ₹80.36 million
Total Income: ₹3,687.57 million
Profit Before Tax (PBT): ₹676.40 million
Tax Expense: ₹171.36 million
Current Tax: ₹151.39 million
Deferred Tax Charge: ₹19.97 million
Net Profit for the Period: ₹505.04 million
Earnings Per Share (EPS) (Basic & Diluted): ₹16.42
Paid-up Equity Share Capital: ₹307.59 million (Face Value ₹10 per share)

Key Quantitative Figures (Consolidated for Q1 FY27)

Revenue from Operations: ₹3,607.21 million
Sale of Products: ₹3,558.92 million
Other Operating Revenue: ₹48.29 million
Other Income: ₹78.87 million
Total Income: ₹3,686.08 million
Profit Before Tax (PBT): ₹674.02 million
Tax Expense: ₹171.75 million
Current Tax: ₹151.39 million
Deferred Tax Charge: ₹20.36 million
Net Profit for the Period: ₹502.27 million
Earnings Per Share (EPS) (Basic & Diluted): ₹16.33

Dates of Action

Board Meeting Date: 29th July 2026 (3:00 p.m. to 3:35 p.m.)
Financial Results Period: Quarter ended 30th June 2026
AGM Date: Scheduled for Monday, 28th September 2026

Parties Involved

Subsidiaries: Gee Pee Aerospace and Defence Private Limited, Magnatar Aero Systems Private Limited
Auditors: S.R. Batliboi & Associates LLP
Scrutinizer: M/s. S.S. Reddy & Associates, Practicing Company Secretaries
Regulators: BSE Limited, National Stock Exchange of India Limited, National Company Law Tribunal (NCLT)

Purpose / Rationale

The board meeting was convened to review and approve the financial performance for the first quarter of FY 2026-27 and address statutory agenda items required before the Annual General Meeting (AGM).

Corporate Actions Approved

1. Approval of Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30.06.2026.

2. Approval of Limited Review Reports (Standalone and Consolidated) for the quarter ended 30.06.2026.

3. Re-appointment of Mr. Rohith Loka Reddy (DIN: 06464331) as a Director, retiring by rotation. His reappointment is subject to shareholder approval at the ensuing AGM. He holds an MBA from ISB and a B.Sc. in Economics-Finance from Bentley University, USA, with expertise in finance and investment.

4. Re-appointment of Mr. Anushman Reddy (DIN: 08104131) as a Director, retiring by rotation. His reappointment is subject to shareholder approval at the ensuing AGM. He holds a Bachelor's in Mechanical Engineering from JNTU and an MS in global supply chain management from the University of Southern California, with expertise in export operations and cost reduction.

5. Notice of the AGM, the Directors' Report, the Business Responsibility and Sustainability Report (BRSR), the Management Discussion and Analysis Report (MD&A), and the Corporate Governance Report for FY ended 31.03.2026.

6. Scheduling of the AGM for FY 2025-26 on Monday, 28th September 2026.

7. Appointment of M/s. S.S. Reddy & Associates as scrutinizers for e-voting at the AGM.

Financial and Operational Impact

The company reported a significant year-on-year increase in standalone revenue (130%) and net profit (350%) for Q1 FY27 compared to Q1 FY26.
The financial results have been reviewed by the Audit Committee and approved by the Board.
A scheme for the merger of the company's two wholly-owned subsidiaries (Gee Pee Aerospace and Magnatar Aero Systems) into the holding company has been filed with the NCLT. The financial impact of this merger is not quantified in this disclosure.
The company operates a single business segment as per Ind AS 108.

Capital Structure Impact

No change in paid-up equity share capital was reported in this disclosure. The capital remains at ₹307.59 million.

Auditor's Review

S.R. Batliboi & Associates LLP issued an unmodified review conclusion, stating nothing has come to their attention to believe the financial results contain any material misstatement. The review was conducted under SRE 2410.