MTAR Technologies reported a robust 59% year-over-year increase in revenue, reaching ₹278 crore in Q3 FY26. EBITDA grew by 92.5% to ₹64 crore. The company received its highest-ever order inflows in the Clean Energy Fuel Cells and Civil Nuclear segments. MTAR anticipates significant growth in the civil nuclear sector starting next fiscal year and expects revenues of ₹250 crore from the Clean Energy Fuel Cell segment in Q4.
Financial Performance
MTAR Technologies announced strong financial results for Q3 FY26, marked by significant revenue and profit growth:
- Revenue from Operations: Increased to ₹278 crore in Q3 FY26, a 59.3% rise compared to ₹174.5 crore in Q3 FY25.
- EBITDA: Reported at ₹64 crore in Q3 FY26, reflecting a 92.5% increase from ₹33.3 crore in Q3 FY25.
- Profit Before Tax: Stood at ₹46.1 crore in Q3 FY26, up by 115.2% from ₹21.4 crore in Q3 FY25.
- Profit After Tax: Reached ₹34.7 crore in Q3 FY26, a 117.3% increase from ₹16 crore in Q3 FY25.
Order Book and Sector Highlights
The company’s order book remains strong, with notable achievements in key sectors:
- Total Order Book: Stood at ₹2,394 crore by the end of December.
- Clean Energy Fuel Cells: Received orders worth ₹1,080 crore during the first 9 months of the fiscal year, with approximately ₹645 crore secured in Q3 alone.
- Civil Nuclear: Anticipates significant growth starting next fiscal year, supported by a robust order pipeline including ₹500 crore plus for the Kaiga Units 5 and 6 nuclear reactors.
- Aerospace and Defence: Achieved revenues of approximately ₹72 crore for the 9 months ended FY26.
Capacity Expansion and Future Outlook
MTAR Technologies is expanding its manufacturing capabilities to meet growing demand:
- Increasing capacity to 12,000 boxes by the end of the current fiscal year and planning to further scale this to 20,000 units by the end of FY27 and facilities to augment capacity up to 30,000 units in the subsequent year.
- Company expects the closing order book to be at ₹2,800 crores by end of FY’26.
- Revenues of ₹387 crores recorded in the Clean Energy Fuel Cell segment alone during the first 9 months of the fiscal year and expect to deliver revenues of ₹250 crores by end of the current fiscal year in Q4.
Guidance
- The management expects revenue to reach around ₹900 crore plus for the financial year FY ’26.
- For FY ’27, expecting growth of about 50% in revenue.
Source: BSE
