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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, 04:25 PM IST  ·  BSE ID: 6f1bd7e5-839f-4ab6-926c-1a5c13f63d73
View Original BSE Filing (PDF)
💡
In Simple Terms
MTAR Technologies announced its latest financial results, showing increased revenue and profit, and finalized the merger of two subsidiary companies.
🤖 AI Summary
  • MTAR Technologies Board approved Q2 FY27 unaudited financial results on October 29, 2026.
  • Total revenue from operations for Q2 FY27 stood at INR 4,067.65 million, compared to INR 3,607.21 million in Q2 FY26.
  • Net profit for the period (Q2 FY27) was INR 598.32 million, up from INR 502.27 million in Q2 FY26.
  • NCLT approved the amalgamation of Gee Pee Aerospace and Magnatar Aero Systems (wholly-owned subsidiaries) with the Company, effective April 1, 2025.
  • Financial figures for all past periods have been restated due to the merger, with an immaterial impact reported.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Revenue from Operations (Q2 FY27)
4,067.65 INR millions
Net profit for the period (Q2 FY27)
598.32 INR millions
Total Revenue from Operations (Q2 FY26)
3,607.21 INR millions
Net profit for the period (Q2 FY26)
502.27 INR millions
Total Assets (September 30, 2026)
23,281.90 INR millions
Total Assets (March 31, 2026)
17,434.25 INR millions
🏢 How This Affects the Company
📈
Business Impact
The amalgamation of wholly-owned subsidiaries Gee Pee Aerospace and Magnatar Aero Systems into MTAR Technologies streamlines the corporate structure. This integration could enhance operational efficiency and resource allocation within the core company.
💰
Financial Impact
Consolidated total revenue from operations increased to INR 4,067.65 million for Q2 FY27 from INR 3,607.21 million in Q2 FY26. Net profit for Q2 FY27 rose to INR 598.32 million from INR 502.27 million in Q2 FY26, indicating improved profitability. Figures for past periods have been restated due to the merger, however the impact is reported as not material.
⚙️
Operational Impact
The merger of two wholly-owned subsidiaries eliminates the need for separate consolidated financial statements, simplifying reporting. It centralizes control over the previously separate entities, potentially optimizing production and administrative processes.
⚠️
Risk Impact
The NCLT approval for the amalgamation reduces regulatory uncertainty regarding the integration of these subsidiaries. The reported immaterial impact of restatement on past period figures suggests no significant unexpected financial adjustments from the merger.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results and amalgamation update.
👤
Who Is Affected
All shareholders are affected by the company's financial performance. The structural change from the subsidiary amalgamation impacts the consolidated entity, with reported immaterial restatement effects.
🔍
Management Signal
The management's decision to pursue subsidiary amalgamation indicates a focus on simplifying corporate structure and enhancing overall operational efficiency.

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

👁 Watch List — track these upcoming events
Q3 FY27 unaudited financial results — observe revenue and profit trends.
Any further updates on integration post-subsidiary amalgamation.
Announcement of next Board meeting for future financial disclosures.
LOW RISK Financial results show growth; amalgamation impact is immaterial and approved by NCLT.
💡 Investor Takeaway
MTAR Technologies reported Q2 FY27 total revenue from operations at INR 4,067.65 million, up 12.76% YoY, and a net profit of INR 598.32 million, up 19.12% YoY. The NCLT approved the amalgamation of two wholly-owned subsidiaries, restating past figures with immaterial impact.
⚖️ Strengths & Concerns

✅ Positives

  • Total Revenue from Operations for Q2 FY27 increased to INR 4,067.65 million, up 12.76% from INR 3,607.21 million in Q2 FY26.
  • Net profit for Q2 FY27 grew to INR 598.32 million, a 19.12% increase from INR 502.27 million in the same period last year.

⚠️ Concerns

  • Inventories increased significantly to INR 6,787.64 million as of September 30, 2026, from INR 5,005.22 million as of March 31, 2026.
  • Current borrowings rose to INR 3,185.28 million as of September 30, 2026, from INR 2,215.59 million as of March 31, 2026.
📅 Company Track Record
In Q1 FY27, MTAR Technologies reported a significant 130.4% YoY increase in revenue to Rs. 360.7 Cr and a 364.5% YoY rise in Profit After Tax to INR 502.27 million. This Q2 FY27 filing continues to show positive growth in both revenue and profit.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What were MTAR Technologies' total revenue from operations in Q2 FY27?
MTAR Technologies reported a total revenue from operations of INR 4,067.65 million for the quarter ended September 30, 2026.
What was MTAR Technologies' net profit for Q2 FY27?
The net profit for MTAR Technologies for Q2 FY27 was INR 598.32 million.
What was the impact of the subsidiary amalgamation on MTAR Technologies' financial results?
The NCLT approved the amalgamation of Gee Pee Aerospace and Magnatar Aero Systems with MTAR Technologies, effective April 1, 2025. The company stated the impact of restating past period figures due to this merger is not material.
How did MTAR Technologies' Q2 FY27 net profit compare to Q2 FY26?
MTAR Technologies' net profit for Q2 FY27 was INR 598.32 million, an increase from INR 502.27 million in Q2 FY26.

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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