MTAR Technologies Q3FY24 Results: PAT Falls 67%, Stock Tumbles 12%😱

Due to weak set of Q3FY24 numbers, MTAR Technologies tumbled 12% today

The consolidated revenue of the company fell 26% YoY & 29% QoQ from ₹160 Cr in Q3FY23 & ₹167 Cr to ₹118 Cr in Q3FY24🔽

The company’s PAT witnessed a degrowth of 67% YoY from ₹32 Cr to ₹11 Cr in Q3FY24. Sequentially, too the PAT fell 49% from ₹21 Cr📉

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