Home Finance MTAR Tech posted a profit of Rs 46 crore in FY11

MTAR Tech posted a profit of Rs 46 crore in FY11

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HYDERABAD: MTAR Technologies Ltd, which recently went for an initial public offering (IPO), on Wednesday said its profit after tax grew 47 per cent to Rs 46.1 crore in FY21, a year-on-year increase. 31.3 crore in the earlier period was Rs.

In a press release, the city-based firm said revenue from operations stood at Rs 246.40 crore in FY21, up 15 per cent from Rs 213.80 crore in FY10.

Srinivas Reddy, Managing Director, MTAR Technologies Limited said that during the last year despite facing challenges due to the COVID-19 pandemic, the company has been able to navigate and deliver resilient performance for the year.

The order book of the company as on March 31, 2021 was around Rs 416 crore.

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