Growth is significantly down for MTAR technologies

Mtar didn’t perform well in the past six months, which was a surprise to the market. Its stock, which was considered valuable, dropped a lot because it didn’t grow much and its earnings decreased. The company didn’t get as many orders as expected, but it’s hopeful that things will improve in the next quarter because it has more orders now and is working on them faster. The profits should also improve because the company will be making more money.
In the last three months of 2023, the company’s revenue dropped by 26% compared to the same period last year. This happened because it didn’t make as much money from the clean-energy sector as people thought it would.
The clean-energy sector usually brings in a lot of money for the company, but in the first nine months of the fiscal year 2024, its revenue dropped by 9% because some orders were delayed to later quarters. However, other parts of the business like nuclear, defense, and other products continued to grow, which helped offset some of the losses.
Because the clean-energy sector makes up a big part of the company’s revenue, its profits decreased by a lot in the third quarter of the fiscal year 2024. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins went down by 797 basis points to 20.15%, and its EBITDA dropped by 47% compared to the same time last year. This led to a 67% drop in its total profits.