Interim report
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® MTAR email - info@mtar.in website : www.mtar.in - CIN No : L72200TG1999PLC032836 To Date: 29% October, 2026 BSE Limited National Stock Exchange of India Limited, P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051. (BSE Scrip Code:543270) (NSE Symbol: MTARTECH) Dear Sir/ Madam, Sub: Outcome of Board Meeting Unit: MTAR Technologies Limited ISIN: INE864101014 ‘With reference to the subject cited, this is to inform the Exchanges that the Board of Directors of MTAR Technologies Limited at its meeting held on Thursday, 29% October, 2026 at 3:00 p.m. at registered office of the Company considered and approved the following: 1. Unaudited Financial Results for the Quarter and Half Year ended 30.09.2026. (Attached) 2. Limited Review Reports for the Quarter and Half Year ended 30.09.2026. (Attached) 3. Subsequent to the period end, on October 28, 2026, the Hon’ble National Company Law Tribunal (“NCLT”), Hyderabad Bench-II has approved a Scheme of Amalgamation (“Scheme”) of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited (wholly owned subsidiaries) with the Company with effect from April 01, 2025. The Company has accounted for this merger under the “pooling of interests” method for common control transactions as per the requirements of Appendix C to Ind AS 103 “Business Combinations”. Further, in accordance with Ind AS 103 “Business Combinations”, the Company has restated the figures for all the past periods presented in these financial results. The impact of this restatement is not material. The Meeting concluded at 4:00 p.m. This is for the information and records of the Exchanges, please. Thanking you. Yours sincerely, For MTAR Technologies Limited Priyanka Agarwal Company Secretary and Compliance Officer M. No.: A76000 Encl: As above. MTAR TeChnOlOgleS Ltd (Formerly known as MTAR Technologies Pvt Ltd), 18, Technocrats Industrial Estate, Balanagar, Hyderabad - 500 037. Telangana, India. office : 040-44553333/23078312 fax : 91-40-44553322/23078316, GST No.: 36AACCM2021N1ZL
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MTAR Technologies Limited - CIN: L72200TG1999PLC032836 Registered office: 18, Technocrats Industrial Estate, Balanagar, Hyderabad, Telangana 500037 ite: www.mtar.i STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (Amounts in INR millions) S No. Particulars Quarter ended Half year ended Year ended 30-Sep-26 30-Sep-25 30-Sep-26 30-Se 31-Mar-26 (Unaudited) (Unaudited) | (Unaudited) | (Unaudited) | (Audited) T [income (@) |Revenue from operations (i) Sale of Products 401686 3,558.92 1343.64 7.575.78 2,887.74 8,654.01 (if) Other operating revenue 50.79 48.29 1229 99.08 34.03 108.05 Total Revenue from Operations 4,067.65 3,607.21 1,355.93 7,674.86 292177 8,762.06 (b) [Other income 85.15 78.87 36.80 164.02 42.90 23090 Total income 4,152.80 3,686.08 1,392.73 7,838.88 2,964.67 8,992.96 2 [Expenses (@) |Cost of materials consumed 2,283.08 2,043.19 817.67 432627 174541 5.034.80 (b) |Changes in inventory of work in progress (118.73)| (78.16) (156.07) (196.89) (366.99) (450.74) (c) |Employee benefit expenses 497.02 465.20 333.25 962.23 676.45 1,509.13 (d) |Finance costs 16242 158.47 6214 320.89 12029 29358 (e) |Depreciation and amortisation expenses 11149 96.92 87.89 208.41 17155 350.25 (0 [other expenses 41473 32644 19110 74117 413.08 956.81 [Total expenses 3,350.01 3,012.06 1,335.98 6,362.08 2,759.79 7,693.83 3 [Profit before exceptional items and tax (1-2) 802.79 674.02 56.75 1,476.80 20488 1,299.13 4 |Exceptional Items Statutory impact of new Labour Codes (Refer note 6) = - - - = 37.67 5 |Profit before tax (3-4) 802.79 674.02 56.75 1,476.80 204.88 1,261.46 6 |Tax expense (@ |current tax 187.03 15139 3.80 338.42 1267 30248 (b) |Adjustment of tax relating to earlier periods - - - - - (8.26) (¢) |Deferred tax charge 1744 2036 1050 37.80 26.94 Total tax expense 204.47 17175 1430 37622 7 |Net profit for the period (5-6) 598.32 502.27 4245 1,100.58 8 |items of other comprehensive loss (net of tax) ltems that will not be reclassified to statement of profit and loss - - - - - 360 [ Total other comprehensive loss (net of tax) - - - - - 3.61) 9 |Total comprehensive income (7+8) 598.32 502.27 42.45 1,100.58 936.69 10 [Paid - up equity share capital (face value INR 10 per share) 307.59 307.59 307.59 307.59 307.59 11 [Other equity 791828 12 |Earnings per share (of INR 10 each) (not annualised) (amount in INR) - Basic earnings per share 19.45 1633 138 35.78 4.90 3057 - Diluted camings per share 1945 1633 138 3578 4.90 30.57 Notes: | The unaudited Financial results of the Company have been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act) 2013 ("the Act”) read with relevant rules issued thereunder ("Ind AS") and other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The above unaudited financial results (“Financial results™) have been reviewed by the Audit committee and approved by the Board of Directors at their meetings held on October 29, 2026 2 Subsequent to the period end, on October 28, 2026, the Hon'ble National Company Law Tribunal (“NCLT"), Hyderabad Bench-II has approved a Scheme of Amalgamation| (“Scheme”) of Gee Pee Acrospace and Defence Private Limited and Magnatar Aero Systems Private Limited (wholly owned subsidiaries) with the Company with effect from| April 01, 2025, The Company has accounted for this merger under the “pooling of interests™ method for common control transactions as per the requirements of Appendix C tof Ind AS 103 “Business Combinations”. Further, in accordance with Ind AS 103 “Business Combinations”, the Company has restated the figures for all the past periods presented| in these financial results. The impact of this restatement s not material 3 As stated in note 2 above, both the subsidiaries have now been merged with the Company as per the Scheme. Accordingly, no consolidated financial statement is required to bel prepared by the Company. 4 The Company's business activity falls within a single line of business segment, in terms of Ind AS 108 "Operating Segments”. 5 Unaudited statement of Assets and Liabilities and statement of cash flows are presented in Annexure | and Annexure 2 respectively 6 Exceptional item for the year ended March 31, 2026 represents one-time increase in provision of INR 37.67 million for employee benefits of the Company on account of implementation of New Labour Codes.
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MTAR Technologies Limited Statement of Assets and Liabilities as at September 30, 2026 Annexure - 1 (Amounts in INR millions)) Particulars 30-Sep-2026 31-Mar-2026 (Unaudited) (Audited) Assets Non-current assets Property, plant and equipment 6,378.08 497228 Capital work-in-progress 1,129.30 344.01 Intangible assets 19.99 2111 Right of use Assets 238.44 149.65 Financial assets Investments 0.10 0.10 Other financial assets 66.36 4567 Other non-current assets 1,003.96 619.28 8,836.23 6,152.10 Current assets Inventories 6,787.64 5,005.22 Financial assets Investment in mutual funds 361997 2,153.39 Trade receivables 285847 3,368.23 Cash and cash equivalents 2.87 9.96 Bank balances other than cash and cash equivalents 208.77 20225 Other financial assets 136.83 4267 Other current assets 831.12 500.43 14,445.67 11,282.15 Total assets 23,281.90 17,434.25 Equity and Liabilities Equity Equity share capital 307.59 307.59 Other equity 9,018.86 7,918.28 9,326.45 8,225.87 Liabilities Non-current liabilities Financial liabilities Borrowings 1,478.01 1,476.62 Lease Liabilities 80.40 67.37 Provisions 116.34 111.98 Deferred tax liabilities (net) 287.17 249.38 [Non current liabilities 36.20 34.64 1,998.12 1,939.99 Current liabilities Financial liabilities Borrowings 3,185.28 221559 Lease Liabilities 8.16 6.07 Trade payables - dues of micro enterprises and small enterprises 13193 21351 - dues of creditors other than micro enterprises and small enterprises 2,466.20 1,285.51 Other financial liabilities 1,274.54 917.59 Provisions 56.90 4755 Current tax liabilities (net) 47.40 3321 Other current liabilities 4,786.92 2,549.36 11,957.33 7,268.39 [ Total equity and liabili 23,281.90 17,434.25 For and on : Hyderabad Date: October 29,2026
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- MTAR Technologies Limited - Statement of Cash Flows for the half year ended September 30, 2026 . Annexure - 2| (Amounts in INR millions), Particulars 30-Sep-2026 30-Sep-2025 (Unaudited) (Unaudited) A Cash flow (used in) / from operating activitics Profit before tax 1,476.80 204.88 Adjustments to reconcile profit before tax to net cash flows Depreciation and amortisation expense 20841 171.55 Finance costs 320.89 120.29 Gain on sale / MTM adjustment on mutual fund (72.28) - Fair value gain on financial instruments at fair value through profit and loss (net) (50.61) - Unrealised exchange (gain) / loss 024 (15.77) Loss/ (Profit) on sale of property, plant and equipment (3.68) 0.57 Interest income (5.38) (4.38) Operating profit before working capital changes 1,874.39 47714 Movements in working capital: Decrease / (Increase) in trade receivables 51930 728.07 Decrease / (Increase) in inventories (1,782.42) (1,050.98) Decrease / (Increase) in current and non current financial assets (112.46), 33.92 Decrease / (Increase) in other current and non current assets (269.97) 15.93 Increase / (decrease) in trade payables 1,095.76 275.50 Increase / (decrease) in other financial liabilities 309.48 3.69 Increase / (decrease) in other current and Non current liabilities 2,177.93 (7.11) Increase / (decrease) in Provisions 12.16 7.03 Cash generated (used in) / from operations 3,824.17 483.19 Income tax paid (net of refunds) (324.45), (85.30) Net cash flow (used in) / from operating activities (A) 3.499.72 397.89 B. Cash flows used in investing activities Purchase of property, plant and equipment, including intangible assets, capital work in (2,730.50) (266.47) progress, capital creditors and capital advances Proceeds from sale of property, plant and equipment 4.07 3.43 Investment in units of mutual fund (6,063.09) - Receipts from redemption in units of mutual fund 4,719.40 = Investment in bank deposits (56.74)) 137.11 Redemption from bank deposits 47.79 (134.33) Interest received 5.84 5.26 Net cash flow used in investing activities (B) (4.073.23) (255.00) C. Cash flows from financing acti Proceeds from long term borrowings 308.28 2545 Repayment of long term borrowings (329.74)| (224.91) Payment of principal portion of lease liabilities (83.77) (80.58) Proceeds from / (repayment of) short term borrowings 992.54 263.88 Finance costs paid (320.89)] (119.99)] Net cash flows from financing acti es (C) 566.42 (136.15)] [Net Increase/(decrease) in cash and cash equivalents (A+B+C) (7.09)] 6.74 (Cash and cash equivalents at the beginning of the year 9.96 19.34 [Cash and cash equivalents at the end of the period 2.87 26.08 Components of cash and cash equivalents Cash on hand 0.50 0.70 Balance with banks: Current accounts 2.37 25.38 Total cash and cash equivalents 2.87 26.08 For and on behalf g e Board of Directors| — Managing Director] === DIN: 00359139 Place: Hyderabad Date: October 29,2026
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THE SKYVIEW 20 S.R. BATLIBOI & ASSOCIATES LLP T o onfoue: 201 & 202 Left Wing, Survey No. 83/1 Chartered Accountants Hyderabad - 500 032 India Tel: +91 40 6141 6000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors MTAR Technologies Limited I8 We have reviewed the accompanying statement of unaudited financial results of MTAR Technologies Limited (the “Company”) for the quarter ended September 30, 2026 and year to date from April 01,2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W/E300004 per Atin Bhargav Partner Membership No.: 504777 UDIN:26564777VDNGIND550¢ Place: Hyderabad Date: October 29, 2026 S.R. Batliboi & Associates LLP, a Limited Liability Partnership with LLP Identity No. AAB-4295 Reqd. Office : 22, Camac Street, Block '8', 3rd Floor, Kolkala-700 016