MTAR Tech Shares Plunge 12% After Revenue, Ebitda Guidance Lowered

Shares of MTAR Technologies Ltd. fell on Thursday after it lowered its revenue and Ebitda guidance for fiscal 2024. Also, the company’s second-quarter profit declined, missing analysts’ estimates.“We revise our annual guidance for FY24 to a revenue of around Rs 670–700 crore, as against previous guidance of around Rs 830–860 crore,” the company said in a press release.

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