MTAR Technologies

MTAR delivered a record Q4 with revenue of ₹306 croreCurrent reported value: ₹306 crore. No comparable prior figure is available in the source record. and PAT of ₹44 croreCurrent reported value: ₹44 crore. No comparable prior figure is available in the source record., driving FY26 revenue to ₹876 croreCurrent reported value: ₹876 crore. No comparable prior figure is available in the source record. (+30% YoY) and PAT to ₹94 croreCurrent reported value: ₹94 crore. No comparable prior figure is available in the source record. (+76% YoY). The standout was a sharp guidance upgrade to 80%+ revenue growthCurrent reported value: 80%+ revenue growth. No comparable prior figure is available in the source record. for FY27, underpinned by a ₹2,580 croreCurrent ₹2,580 crore. Reported change: +8% YoY. order book and multi-fold capacity expansions in clean energy, nuclear, and oil & gas. Management cited strong customer visibility, new AI data center orders (₹35 crore first article, potential ₹400-500 crore over 2 years), and nuclear order inflows as key drivers. EBITDA margin contracted 150bps to 19.5% due to input cost inflation and first-article costs, but management expects 24% margins in FY27 from operating leverage. Risk: Execution on the aggressive 80% growth target amid geopolitical uncertainty and input cost volatility.