14-fold growth in MTAR Tech’s profit
Hyderabad: MTAR Technologies Limited has reported a net profit of Rs 59.8 crore for the quarter ending in September. This represents a growth of 1,309% compared to the net profit of Rs 4.2 crore recorded during the same period last year. Revenue from operations for the quarter under review grew by 200%, rising from Rs 135.6 crore to Rs 406.8 crore. Srinivas Reddy, Managing Director of MTAR Technologies, stated that the company has been delivering a strong performance each quarter.
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