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Sun, 28 Jun 2026
08:43:38 am
Sun, 28 Jun 2026
08:43:38 am
Synopsis
MTAR Technologies posted strong FY26 results with net profit rising 76.2% and revenue reaching ₹876 crore. The company raised FY27 growth guidance to 80%, reported record order inflows, and targets margin improvement through its shift toward integrated systems manufacturing.
MTAR Technologies Limited reported strong FY26 financial results as consolidated net profit surged 76.2% year-on-year, while the company raised its FY27 revenue growth guidance to 80% from the earlier 50%.
The company also announced its highest-ever annual order inflows and highlighted a major strategic transition from mechanical engineering to integrated systems, which management believes could significantly improve margins over the next two years.
Following the developments, MTAR Technologies shares remained in focus after rallying over 382% in the last one year.
The company delivered strong growth across revenue, profitability, and operating performance during FY26.
| Metric | FY26 | FY25 |
|---|---|---|
| Revenue from Operations | ₹876.2 crore | ₹675.9 crore |
| Total Income | ₹899.3 crore | ₹681.1 crore |
| Net Profit | ₹94.03 crore | ₹52.88 crore |
| Profit Before Tax | ₹126.14 crore | ₹71.57 crore |
| EBITDA | ₹171.2 crore | ₹120.8 crore |
| EBITDA Margin | 19.5% | Lower YoY |
| Basic EPS | ₹30.57 | ₹17.19 |
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Revenue from operations grew nearly 29.6% year-on-year, while net profit jumped over 76%.
The company also reported robust quarterly performance.
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue from Operations | ₹306.07 crore | ₹183.08 crore |
| Net Profit | ₹44.28 crore | ₹13.72 crore |
| Profit Before Tax | ₹59.54 crore | ₹18.62 crore |
| EBITDA Margin | 20.32% | 18.70% |
Quarterly revenue rose nearly 67% year-on-year while profitability improved sharply.
One of the biggest highlights from the earnings announcement was the company’s upgraded FY27 guidance.
| Parameter | Details |
|---|---|
| Previous FY27 Growth Guidance | 50% |
| Revised FY27 Growth Guidance | 80% |
| Expected Clean Energy Order Inflows | ₹40 billion |
Management cited strong business momentum and rising order inflows across clean energy, aerospace, defence, and oil & gas sectors.
MTAR Technologies reported its highest-ever annual order inflows during FY26.
| Parameter | Details |
|---|---|
| FY26 Order Inflows | ₹2,453.3 crore |
| Q4 FY26 Orders | ₹481.6 crore |
| Total Order Book | ₹2,581.9 crore |
The company’s order book remains diversified across multiple high-growth industries.
| Segment | Share of Order Book |
|---|---|
| Clean Energy (Fuel Cells, Hydel & Others) | 51.2% |
| Clean Energy (Civil Nuclear Power) | 26.3% |
| Aerospace & Defence | 14.0% |
The clean energy business continues to remain the largest contributor to the company’s order pipeline.
MTAR Technologies announced a strategic transition from traditional mechanical engineering toward integrated systems manufacturing.
The company aims to move higher up the value chain by offering:
Management expects this transition to improve profitability and operating leverage.
The company believes the strategic transition could significantly improve margins.
| Parameter | Target |
|---|---|
| Margin Expansion Goal | 200–300 basis points |
| Expected Timeline | Next 2 years |
| Key Trigger | Full production facility utilization |
Higher-value integrated systems generally carry better margins compared to traditional manufacturing contracts.
MTAR Technologies continues benefiting from rising investments in clean energy infrastructure.
The company expects clean energy to remain a major long-term growth engine.
MTAR also continues strengthening its aerospace and defence business.
| Sector | Opportunity |
|---|---|
| Aerospace Manufacturing | Rising global demand |
| Defence Systems | Government spending |
| Space Technology | High-precision engineering |
| Export Markets | International contracts |
The company’s precision engineering capabilities position it strongly within advanced manufacturing industries.
Exports contributed approximately 82% of total revenue during FY26.
The strong export mix provides:
The company is also setting up a greenfield oil & gas facility expected to become operational by September 2026.
Capacity expansion remains a key part of the company’s long-term growth strategy.
MTAR Technologies also reported improved operating cash flows.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Assets | ₹1,743 crore | ₹1,128 crore |
| Operating Cash Flow | ₹196.9 crore | ₹101.2 crore |
The company’s asset base and operating cash generation improved significantly during FY26.
Investors continue tracking the company due to:
The company has emerged as one of the major beneficiaries of India’s manufacturing and clean energy growth themes.
| Period | Return |
|---|---|
| 1 Month | +63.78% |
| 6 Months | +179.48% |
| 1 Year | +382.09% |
| 5 Years | +704% |
The stock has delivered exceptional returns amid strong operational growth and rising investor interest in clean energy and defence sectors.
Several macro trends continue supporting MTAR Technologies.
| Trend | Impact |
|---|---|
| Clean energy transition | Higher order inflows |
| Defence spending growth | Aerospace opportunities |
| Nuclear energy expansion | Long-term contracts |
| Export manufacturing | Global business growth |
| Precision engineering demand | High-margin opportunities |
These sectors are expected to witness sustained investments globally over the coming years.
MTAR Technologies delivered strong FY26 financial performance while significantly upgrading its FY27 growth outlook, reflecting rising confidence in its clean energy, aerospace, and defence businesses.
The company’s transition toward integrated systems manufacturing, combined with strong export exposure and a large order pipeline, positions it well within several long-term global industrial growth themes.
With accelerating investments in clean energy infrastructure, defence systems, and precision engineering, MTAR Technologies continues emerging as a major high-growth manufacturing player within India’s industrial ecosystem.
The stock surged after strong FY26 earnings and the company raising FY27 revenue growth guidance to 80%.
The company reported FY26 consolidated net profit of ₹94.03 crore.
MTAR Technologies raised its FY27 revenue growth guidance from 50% to 80%.
The company operates across clean energy, aerospace, defence, nuclear energy, and oil & gas sectors.
The company’s total order book stood at ₹2,581.9 crore as of March 31, 2026.
Clean energy contributes the largest share of the company’s order book and is expected to drive future growth.
MTAR Technologies aims for 200–300 basis points margin improvement over the next two years.
Exports contribute around 82% of total revenue, providing global diversification and growth opportunities.
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