MTAR Technologies Limited announced a strong order book position of ₹2394.9 Crs as of December 31, 2025, driven by significant order inflows of ₹1368.8 Crs in Q3FY26. The company reported revenue of ₹278.0 Crs and profit after tax of ₹34.7 Crs for Q3FY26, with improvements across key financial metrics. A well-balanced portfolio across sectors and geographies supports continued growth.
Strong Order Book Position
MTAR Technologies reported a diversified order book of ₹2394.9 Crs as of December 31, 2025. Key order inflows in Q3FY26 totaled ₹1368.8 Crs across various sectors, including:
- Clean Energy – Civil Nuclear Power
- Fuel Cells and Hydel
- Aerospace & Defence
- Products and others
Q3 & 9M FY26 Financial Performance
The company’s financial performance for Q3 & 9M FY26 demonstrates growth across key metrics:
Q3 FY26:
- Revenue: ₹278.0 Crs (59.3% Y-o-Y growth)
- Gross Profit: ₹128.1 Crs (47.7% Y-o-Y growth)
- EBITDA: ₹64.0 Crs (92.5% Y-o-Y growth)
- Profit After Tax (PAT): ₹34.7 Crs (117.3% Y-o-Y growth)
9M FY26:
- Revenue: ₹570.1 Crs (15.7% Y-o-Y growth)
- Gross Profit: ₹282.4 Crs (18.5% Y-o-Y growth)
- EBITDA: ₹109.4 Crs (26.2% Y-o-Y growth)
- Profit After Tax (PAT): ₹49.7 Crs (27.0% Y-o-Y growth)
Well-Balanced Portfolio
MTAR Technologies has a well-diversified portfolio across various sectors and geographies:
- Revenue by Sector:
- Clean Energy – Civil Nuclear Power: 3% (9MFY26)
- Aerospace & Defence: 13% (9MFY26)
- Clean Energy – Fuel Cells, Hydel & Others: 70% (9MFY26)
- Products & Others: 15% (9MFY26)
- Geographical Break-up:
- Domestic: 81% (9MFY26)
- Export: 19% (9MFY26)
Working Capital Management
The company continues to focus on efficient working capital management. Receivables days were 134 in Q3FY26. Inventory days were 210.
Capital Discipline
MTAR Technologies remains focused on capital discipline. Return on Equity (RoE) stood at 7.6% and Debt to Equity at 0.24x.
Source: BSE
