MTAR Technologies reported a robust Q1 FY27, with revenue soaring 130.4% year-on-year to ₹360.7 crore. The company achieved an EBITDA margin of 23.6%, in line with guidance. Significant order inflows were noted across civil nuclear, clean energy, and aerospace & defense segments, positioning the company for sustained growth and indicating strong execution capabilities.
Strong Q1 Performance Driven by Diversified Growth
MTAR Technologies Limited announced its financial results for the first quarter of FY27, showcasing exceptional growth across its key business verticals. The company’s consolidated revenue from operations surged by 130.4% to ₹360.7 crore in Q1 FY27, compared to ₹156.6 crore in the corresponding quarter of the previous fiscal year (Q1 FY26). This significant increase underscores the company’s robust execution and strong demand across its diversified portfolio.
Profitability and Margins
Profitability also saw a substantial improvement. EBITDA for the quarter stood at ₹85.1 crore, marking a 199.7% increase from ₹28.4 crore in Q1 FY26. The EBITDA margin was reported at 23.54%, aligning with the company’s annual guidance. Profit Before Tax (PBT) grew by 355% to ₹67.4 crore, while Profit After Tax (PAT) increased by 364.5% to ₹50.2 crore compared to the prior year’s quarter.
Key Business Verticals Driving Growth
The company highlighted strong momentum across its core sectors. In Civil Nuclear Power, MTAR received its highest-ever order inflows for the Kaiga 5 & 6 reactors and anticipates further orders from reactor refurbishments. The proposed development of four nuclear reactors at Mahi Banswara presents a significant long-term opportunity. The Clean Energy segment continues its strong performance with record order inflows, and its capacity augmentation plan for fuel cells remains on track, with Phase 3 expansion set for completion by March 2027.
The Aerospace and Defense segment is also experiencing encouraging growth, with significant order inflows expected from domestic defense programs like the LCA Tejas Mark-1A actuator assemblies and MNC aerospace business seeing substantial demand for qualified products. The company expects to double its revenues in this segment during the current fiscal year.
Order Book and Future Outlook
MTAR Technologies maintains a strong order book, standing at approximately ₹5,143 crore by the end of the quarter, with an additional ₹800 crore of orders received on the day of the announcement. The company is confident in sustaining its growth momentum, supported by a robust 5-year roadmap and a primary focus on execution and capacity expansion across all verticals. Capex plans of around ₹500 crore are earmarked for the next two years to drive company-wide expansion.
Working Capital Efficiency
Significant improvements were noted in working capital management, with working capital days reducing to 59 days from 172 days in FY26. This was achieved through better commercial terms with customers and diligent monitoring of all working capital elements. The company is targeting to maintain working capital below 100 days for the year.
Source: BSE
