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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
MTAR Technologies Ltd

MTAR Technologies Q2 FY27 Net Profit Rises to INR 598.32 million

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 29 Oct 2026, 04:15 PM IST  ·  BSE ID: 37e147d5-f147-4f89-932e-1e077c463112
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its latest quarterly financial results, showing a profit of INR 598.32 million, and also merged two of its smaller subsidiary companies.
🤖 AI Summary
  • MTAR Technologies reported Q2 FY27 unaudited net profit of INR 598.32 million.
  • Total Revenue from Operations for Q2 FY27 reached INR 4,067.65 million.
  • NCLT approved the amalgamation of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, wholly-owned subsidiaries, with the Company.
  • The amalgamation is effective April 01, 2025, and led to restatement of past financial figures, with immaterial impact.
  • Basic Earnings Per Share for Q2 FY27 was INR 19.45.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net profit for the period (Q2 FY27)
INR 598.32 million
19.12%
Net profit for the period (Q1 FY27)
INR 502.27 million
Total Revenue from Operations (Q2 FY27)
INR 4,067.65 million
Total Assets (as of Sep 30, 2026)
INR 23,281.90 million
Basic earnings per share (Q2 FY27)
INR 19.45
🏢 How This Affects the Company
📈
Business Impact
The amalgamation of wholly-owned subsidiaries simplifies the corporate structure, potentially streamlining operations and resource allocation for aerospace and defense segments. This change confirms the full integration of these business units.
💰
Financial Impact
Net profit for Q2 FY27 is INR 598.32 million. The restatement of past figures due to the merger has been stated as not material, indicating no significant retrospective financial changes. The total assets increased to INR 23,281.90 million as of September 30, 2026, from INR 17,434.25 million as of March 31, 2026.
⚙️
Operational Impact
The completed merger consolidates the operations of the two wholly-owned aerospace and defense subsidiaries directly into the parent company. This eliminates the need for consolidated financial statements going forward, as per the filing.
⚠️
Risk Impact
The completion of the merger reduces structural complexity by integrating wholly-owned subsidiaries. The immaterial impact of financial restatement indicates no new significant accounting risks from the amalgamation.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results and merger approval filing.
👤
Who Is Affected
All existing shareholders are affected by the company's financial performance, with Basic Earnings Per Share at INR 19.45 for Q2 FY27. The merger of wholly-owned subsidiaries simplifies the underlying corporate structure.
🔍
Management Signal
Management is signaling a focus on streamlining corporate structure and integrating wholly-owned operations, as evidenced by the NCLT-approved amalgamation.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor revenue from operations trend.
Updates on new project wins or order book additions.
Capital expenditure plans from the increase in property, plant and equipment.
LOW RISK The filing reports positive financial results and a completed merger with immaterial impact.
💡 Investor Takeaway
MTAR Technologies reported Q2 FY27 net profit of INR 598.32 million. Total Revenue from Operations for the quarter was INR 4,067.65 million. The NCLT approved the amalgamation of two wholly-owned subsidiaries, effective April 01, 2025, with an immaterial impact on restated past figures.
⚖️ Strengths & Concerns

✅ Positives

  • Net profit for the quarter ended September 30, 2026, was INR 598.32 million, compared to INR 502.27 million in the previous quarter ended June 30, 2026.
  • Total Assets increased to INR 23,281.90 million as of September 30, 2026, from INR 17,434.25 million as of March 31, 2026.

⚠️ Concerns

  • Cash and cash equivalents decreased to INR 2.87 million as of September 30, 2026, from INR 9.96 million as of March 31, 2026.
  • Inventories increased to INR 6,787.64 million as of September 30, 2026, from INR 5,005.22 million as of March 31, 2026.
📅 Company Track Record
MTAR Technologies reported Q1 FY27 revenue up 130.4% YoY to Rs. 360.7 Cr and Profit After Tax rose 364.5% YoY. The company's Q1 FY27 consolidated net profit surged to INR 502.27 million.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was MTAR Technologies' net profit for the quarter ended September 30, 2026?
MTAR Technologies reported a net profit of INR 598.32 million for the quarter ended September 30, 2026.
What was the total revenue from operations for MTAR Technologies in Q2 FY27?
The total revenue from operations for MTAR Technologies for the quarter ended September 30, 2026, was INR 4,067.65 million.
Which subsidiaries were amalgamated with MTAR Technologies, and when was it effective?
Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited were amalgamated with MTAR Technologies, effective April 01, 2025.
What was MTAR Technologies' Basic Earnings Per Share for the quarter ended September 30, 2026?
The Basic Earnings Per Share for MTAR Technologies for the quarter ended September 30, 2026, was INR 19.45.
How did the amalgamation affect MTAR Technologies' past financial figures?
The amalgamation resulted in the restatement of past periods' figures, but the company stated the impact of this restatement is not material.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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