MTAR Technologies Approves Q2 FY27 Unaudited Results, Merger Scheme

MTAR Technologies Limited announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved the Scheme of Amalgamation of its wholly-owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, with the company, effective April 01, 2025. The merger has been accounted for using the "pooling of interests" method, with past periods restated, though the impact is noted as not material. The company reported a profit before tax of ₹802.79 million for the quarter and ₹1,476.80 million for the half-year ended September 30, 2026.