MTAR Technologies shares plummet over 16% to hit 2-month low as net profit drops 53% in Q4
MTAR Technologies shares plummeted 16.10% after weak Q4 financial results, with a 53.4% drop in net profit. Revenue increased by 20.8% but EBITDA decreased by 23.6%. Full-year profit fell by 45.7%. Shares of MTAR Technologies tumbled 16.10% in early trade on Wednesday, hitting nearly a two-month low of ₹1,730 apiece, following the company’s release of weak financial results for the quarter ending in March. After market hours on Tuesday, the company reported a 53.4% drop in consolidated net profit to ₹4.9 crore, compared to ₹10.4 crore in the same period last year. Revenue from operations…
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