MTAR Technologies shares jump 4% as company bags orders worth ₹34 crore in clean energy and aerospace sectors

MTAR Technologies said it has received orders worth ₹34 crore for manufacturing and supply of various precision engineered products in clean energy and aerospace sectors that have to be executed by end of FY 26.

"We are looking forward to securing volume orders in aerospace and clean energy, as we have executed first articles for new products in these sectors, reflecting the company's commitment to innovation, excellence and timely delivery.

"In addition, we are working with various customers to enter into long-term contracts for the supply of critical products”, said Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies.

MTAR Technologies has nine strategically-based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. It caters to clean energy – civil nuclear power, fuel cells, hydel & others, space and defense sectors.

For the December 2024 quarter (Q3 FY25), MTAR Technologies, as per news reports, posted a 52.9% jump in its net profit to ₹15.9 crore, as compared to ₹10.4 crore seen in the same period last year.

The company’s revenue surged 47.3% on-year to ₹174.4 crore, up from ₹118.4 crore in Q3FY24, reflecting increased demand from the defence, aerospace, nuclear, and clean energy sectors.

On the operational front, EBITDA rose 38.5% to ₹33.1 crore, compared to ₹23.9 crore a year ago. However, EBITDA margin slipped to 19% from 20.2%, impacted by higher input costs and an evolving product mix, the report added.

In December 2024, the company secured orders worth ₹226 crore in clean energy and aerospace segments.

This orders include ₹191 crore worth of products from Bloom Energy in the clean energy sector and ₹35 crore from reputed aerospace customers, including Rafael, IMI Systems, and IAI, a regulatory filing said.

About MTAR Technologies

The company is one of the leading players in precision engineering industry engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies. Since its inception in 1970, MTAR, the company says, has grown into a major group with state-of-the art facilities.

The company contributes to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence, Global Defence, as well as Global Clean Energy sectors.