MTAR Technologies Q2 FY27 Profit ₹598 Crore; Amalgamation Approved
MTAR Technologies reported Q2 FY27 profit of ₹598.32 crore, up from ₹502.27 crore year-on-year. Half-year profit reached ₹1,100.58 crore. The NCLT approved the amalgamation of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited with MTAR Technologies, effective April 1, 2025. Board approved results on October 29, 2026.
The amalgamation of two wholly-owned subsidiaries with the parent company is a significant corporate action that will impact the overall structure and operations of MTAR Technologies.
The company reported a significant increase in profit for the quarter and half-year. The approval of the amalgamation scheme by the NCLT is a positive step for corporate restructuring.
MTAR Technologies Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a profit after tax of ₹598.32 crore for the quarter, a significant increase from ₹502.27 crore in the same period last year. For the half-year ended September 30, 2026, the profit after tax stood at ₹1,100.58 crore.
Subsequent to the period end, on October 28, 2026, the National Company Law Tribunal (NCLT), Hyderabad Bench-II, approved the Scheme of Amalgamation of its wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, with MTAR Technologies Limited. This amalgamation is effective from April 01, 2025. The company has accounted for this merger using the "pooling of interests" method and has restated past periods' figures, noting the impact of this restatement is not material.
The Board of Directors approved these financial results and the limited review reports during their meeting held on October 29, 2026, which commenced at 3:00 p.m. and concluded at 4:00 p.m.
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