News ArticleMTAR Technologies Reports INR 1,100.58 Million Net Profit for Half Year Ended September 30, 2026, Following NCLT Approval of Subsidiaries Merger
NCLT Hyderabad Bench approves amalgamation of Gee Pee Aerospace and Magnatar Aero Systems with MTAR effective April 1, 2025; company restates prior periods as per Ind AS 103 with immaterial impact
MTAR Technologies Limited announced unaudited financial results for the quarter and half year ended September 30, 2026, with net profit of INR 1,100.58 million for the half year. The company also reported the NCLT approval of its merger with two wholly owned subsidiaries effective April 1, 2025, accounted using pooling of interests under Ind AS 103, with immaterial restatement of prior periods.
MTAR Technologies Limited
Financial Results
MTAR Technologies Limited announced unaudited financial results for the quarter and half year ended September 30, 2026, reporting a net profit of INR 1,100.58 million for the half year. The company also disclosed the National Company Law Tribunal's approval of the merger of its subsidiaries Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited effective April 1, 2025, accounted using the pooling of interests method under Indian Accounting Standards.
The board approved unaudited financial statements showing total revenue from operations of INR 7,674.86 million and total income including other income of INR 7,838.88 million for the half year. Expenses amounted to INR 6,362.08 million, resulting in a profit before tax of INR 1,476.80 million.
The merger approved by the NCLT Hyderabad Bench-II involved two wholly owned subsidiaries consolidated into MTAR Technologies Limited retroactively from April 1, 2025. The company applied the pooling of interests method for this common control business combination under Appendix C of Ind AS 103. Consequently, prior periods were restated with a material impact assessed as immaterial.
The unaudited financial report also included a statement of assets and liabilities showing total assets of INR 23,281.90 million as of September 30, 2026, compared to INR 17,434.25 million on March 31, 2026, reflecting growth post-merger and operational expansion.
The cash flow statement for the half year showed net cash generated from operations of INR 3,824.17 million, supporting liquidity and operational activity.
The merger arrangement means no consolidated financial statements need to be separately prepared for the subsidiaries moving forward, as their results are now fully integrated into MTAR Technologies Limited results.
Highlights
- Net profit for half year ended September 30, 2026: INR 1,100.58 million (unaudited)
- Revenue from operations for half year: INR 7,674.86 million
- NCLT Hyderabad Bench-II approved merger of Gee Pee Aerospace and Magnatar Aero Systems with MTAR effective April 1, 2025
- Merger accounted using pooling of interests method under Ind AS 103 with immaterial impact on prior financials
- Total assets as on September 30, 2026: INR 23,281.90 million
- Net cash generated from operations in half year: INR 3,824.17 million
Key Data Snapshot
What happened
- MTAR Technologies announced unaudited financial results for Q2 and H1 ended September 30, 2026.
- The company reported a net profit of INR 1,100.58 million for the half year.
- NCLT Hyderabad Bench-II approved merger scheme for Gee Pee Aerospace and Magnatar Aero Systems with MTAR Technologies effective April 1, 2025.
- Merger was accounted using the pooling of interests method under Ind AS 103, with immaterial restatement of prior periods.
Key details
- Revenue from operations for half year was INR 7,674.86 million.
- Profit before tax for half year was INR 1,476.80 million.
- Total assets grew to INR 23,281.90 million as compared to INR 17,434.25 million at previous year-end.
- No consolidated financial statements for subsidiaries are required post-merger.
- The company generated net cash from operations amounting to INR 3,824.17 million in the half year.
Regulatory and governance context
- NCLT Hyderabad Bench-II finalized and approved the scheme of amalgamation on October 28, 2026.
- The merger’s effective date is backdated to April 01, 2025, consistent with regulatory compliance.
- The company applied relevant Indian Accounting Standards, specifically Appendix C to Ind AS 103, for accounting for business combination under common control.
- Financial results for previous periods were restated to reflect the merger, with the impact assessed as immaterial.
Highlights
- Net profit for half year ended September 30, 2026: INR 1,100.58 million (unaudited)
- Revenue from operations for half year: INR 7,674.86 million
- NCLT Hyderabad Bench-II approved merger of Gee Pee Aerospace and Magnatar Aero Systems with MTAR effective April 1, 2025
- Merger accounted using pooling of interests method under Ind AS 103 with immaterial impact on prior financials
- Total assets as on September 30, 2026: INR 23,281.90 million
- Net cash generated from operations in half year: INR 3,824.17 million
Disclosures
- Companies Act 2013 Section 133
- Ind AS 103 Business Combinations
- SEBI Listing Obligations and Disclosure Requirements Regulations 2015
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