MTAR Technologies reports mixed Q2 results, eyes subsidiary merger

For the quarter ended September 30, 2025, MTAR Technologies reported a standalone profit before tax of INR 60.03 million, a considerable decrease from INR 253.30 million in the same quarter of the previous year. Total standalone revenue from operations for the quarter was INR 1,355.93 million, down from INR 1,901.79 million year-on-year. For the half-year ended September 30, 2025, standalone profit before tax was INR 212.00 million, compared to INR 316.60 million in the prior year's half.

The company's board of directors has approved a scheme for the amalgamation of its wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, into MTAR Technologies Limited. This strategic move aims to achieve greater integration, financial strength, and a simplified group structure, subject to necessary regulatory approvals.

Consolidated results showed a profit before tax of INR 56.75 million for the quarter, a decrease from INR 253.12 million in the previous year. For the half-year, consolidated profit before tax stood at INR 204.88 million. Diluted earnings per share for the quarter were INR 1.49 (standalone) and INR 1.38 (consolidated).