MTAR Technologies

MTAR Technologies received an amended purchase order worth approximately ₹3,100 crore from an undisclosed existing customer, an increase of ₹819.94 crore over the original order announced in May 2026. The company's order book at the close of March 2026 was ₹2,592 crore, against a FY27 target of ₹5,000 crore. Revenue for the year to March 2026 was ₹876 crore, with the clean energy fuel cells segment contributing roughly 70% of sales. MTAR had guided for 80% revenue growth in FY27 with an EBITDA margin of 24%.

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MTAR Technologies released its investor presentation for the first quarter of FY27, reporting a record quarterly order inflow of ₹2,895 crore and a closing order book of ₹5,143 crore as of 30 June 2026. The intake included a ₹504 crore order for fuel handling assemblies for the Kaiga 5 and 6 nuclear reactors, the company's single largest award. The strong order accretion builds on a closing order book of ₹2,592 crore at March 2026 and FY26 revenue of ₹876 crore. The company guided for 80% revenue growth in FY27, and the Q1 run-rate annualises to about ₹1,443 crore, suggesting the target is within reach despite execution risks.

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July 29 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD JUNE-QUARTER CONSOL NET PROFIT 502.3 MILLION RUPEES

• MTAR TECHNOLOGIES LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.61 BILLION RUPEES

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Further company coverage: MTAR.NS

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June 12 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES - CLARIFIES ON REPORT ON BLOOM ENERGY PROJECT CLARITY

• MTAR TECHNOLOGIES - NO NEGOTIATIONS OR DISCUSSIONS ON ORDER CANCELLATION OR REDUCTION

Source text: ID:nBSE4NNWL5

Further company coverage: MTAR.NS

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May 22 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES A PURCHASE ORDERS VALUED AT USD 48.68 MILLION

Source text: ID:nNSE8xyF7L

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May 14 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES PURCHASE ORDERS WORTH USD 238.76 MILLION

Source text: ID:nBSE73xVLv

Further company coverage: MTAR.NS

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May 12 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MARCH-QUARTER CONSOL NET PROFIT 442.8 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES

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Further company coverage: MTAR.NS

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April 1 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• SECURES 356 MILLION RUPEES ORDERS FROM ENERGY SECTOR FOR DATA CENTERS

Source text: ID:nBSE9K9cnN

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Dec 18 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES LTD - RECEIVES ORDER VALUED AT 3.10 BILLION RUPEES

Source text: ID:nNSE3fddct

Further company coverage: MTAR.NS

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** India's defence stocks .NIFTYINDDEFENCE gain 7% this week after multiple order wins for firms on the index

** Sub index on track for best day and week in nearly four months, when it surged on push for indigenous equipment in the backdrop of India-Pakistan conflict

** Heavyweight Hindustan Aeronautics HIAE.NS jumps 7.4% this week as it signed a tech transfer pact with ISRO, its commercial arm and regulator to manufacture low-earth orbit launch vehicles

** MTAR Technologies MTAR.NS rises 22% after winning clean energy fuel cell orders worth 3.86 billion rupees ($44 million) from Bloom Energy BE.N

** Paras Defence PRAF.NS bags orders worth 266 million rupees from Ministry of Defence-owned India Optel's unit; up 5% on the day

** Mazagon Dock MAZG.NS and German partner Thyssenkrupp TKAG.DE commence negotiations with Indian Navy on a $5 billion submarine project, MAZG up 9% this week

** NIFTYINDDEFENCE gains about 24% YTD

($1 = 88.2575 Indian rupees)

(Reporting by Urvi Dugar)

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Sept 10 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• RECEIVES ORDERS WORTH 3.86 BILLION RUPEES

Source text: ID:nNSE8ZybJY

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** Shares of MTAR Technologies MTAR.NS jump 9.5% to 1,585 rupees

** Stock marks biggest intraday pct gain since February 20

** The industrial machinery and equipment maker posts a more than doubled Y/Y rise in June-qtr consol net profit; consol total rev from ops rises 22% Y/Y

** Trading volume at more than 174,614 shares, 2.6x 30-day avg

** Stock down 5% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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June 19 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• ENTERS TEN-YEAR CONTRACT WITH WEATHERFORD PRODUCTS GMBH

• EXPECTS TO EXECUTE 900 MILLION RUPEES ORDERS ANNUALLY FROM FY27

• EXPECTS TO EXECUTE 100 MILLION RUPEES ORDERS IN FY26 UNDER CONTRACT

Source text: ID:nBSE4PXK94

Further company coverage: MTAR.NS

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Feb 6 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• MTAR TECHNOLOGIES - GOT ORDERS WORTH 2 BILLION RUPEES

Source text: ID:nnAZN3AT2RV

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** Shares of nuclear energy-related firms jump

** BHEL BHEL.NS, Kilburn Engineering KLBE.BO, MTAR Technologies MTAR.NS, Walchandnagar Industries WALC.NS and Power Mech Projects POMP.NS up between 4.3% and 13.4%

** India will develop at least 100 GW of nuclear energy by 2047, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

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Dec 20 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• RECEIVES 2.26 BILLION RUPEES ORDERS IN CLEAN ENERGY AND AEROSPACE

Source text: ID:nBSEbXHfJy

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** Shares of MTAR Technologies Ltd MTAR.NS climb 3.7% to 1,613.20 rupees

** Motilal Oswal retains "buy" rating on stock, citing strong growth in its clean energy business with a revival in orders from its top customer and addition of new clients

** Clean energy business of making fuel cells, electrolysers formed ~60% of MTRA's FY24 rev

** Brokerage says MTAR can also benefit hugely from top customer Bloom Energy's (BE) scale-up and sees a potential revenue inflow of 10 bln rupees for MTAR from one of BE's supply agreements

** Adds, MTAR's revenue seen rising 28% CAGR from FY24-27 as fuel cell demand begins to rise

** Motilal has a 2,100 rupees PT for MTAR and is the lone brokerage tracking stock

** Stock trims YTD losses to ~30%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of MTAR Technologies MTAR.NS ended 2.8% higher to 1,628 rupees

** Precision engineering co's Q2 consol total rev from ops jumped 13.8% y/y to 1.87 bln rupees, sequentially it rose 48%

** Co's net profit dropped 8.3% y/y as expenses rose 16.9%

** Stock eyes busiest trading day in six sessions, about 240,000 shares traded

** MTAR down 3.4% YTD

(Reporting by Manvi Pant in Bengaluru)

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Oct 29 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 187.7 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.9 BILLION RUPEES

Source text: ID:nBSE9mYPHh

Further company coverage: MTAR.NS

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Sept 23 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• GETS ORDER WORTH 154 MILLION RUPEES

Source text for Eikon: ID:nBSE243sKp

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** Shares of MTAR Technologies MTAR.NS down 5.5% to 1,685 rupees, their lowest level since June 6

** Precision engineering co' Q1 consol net profit fell 78%; rev down 16%

** MTAR sees sharpest fall since Aug 5, on track for fourth straight day of loss

** Shares see busiest day in about 5 weeks, with more than 360,000 shares traded

** Stock down 23% YTD, after a 23% rise in 2023

(Reporting by Aleef Jahan in Bengaluru)

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Aug 7 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• GETS EXPORT ORDERS WORTH $16.73 MILLION

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** Shares of MTAR Technologies MTAR.NS fall as much as 16% to 1,730 rupees, hitting their lowest level since early April

** Precision engineering co reports a near 85% year-on-year drop in consol Q4 profit, rev down 27%

** Stock last down 8.5%, set for its worst day since Feb. 14 when it tumbled on Q3 profit drop

** More than one mln shares traded by 10:00 a.m. IST, nearly 4x their 30-day avg

** Stock down about 15% YTD

(Reporting by Nishit Navin)

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May 28 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• ENTERED INTO A LONG-TERM AGREEMENT SPANNING OVER 15 YEARS WITH ISRAELI AEROSPACE INDUSTRIES

• BROAD CONSIDERATION OF ABOUT $90 MILLION- $120 MILLION IN 15 YEAR

• AGREEMENT TO SUPPLY MISSION CRITICAL ASSEMBLIES IN AVIATION SECTOR

Source text for Eikon: ID:nNSEbyVhG4

Further company coverage: MTAR.NS

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** Shares of MTAR Technologies MTAR.NS, which counts Indian Space Research Organisation as a customer, up 2.3% at 2,088.20 rupees

** Motilal Oswal initiates coverage on its stock with "buy" rating, Street-high PT of 2,800 rupees

** Says co's business segments are poised to report strong order inflows aided by global demand of fuel cells and government initiatives in nuclear, space, and defence

** We expect fuel cells segment to post a 35% CAGR over FY24-26 and maintain its dominant share in MTAR's order book - Motilal Oswal

** Two other analysts rate the stock "strong buy" and "hold" each - LSEG data

** YTD, MTAR down 5.6%; other space-linked stocks Mishra Dhatu Nigam MISR.NS and Paras Defence and Space Technologies PRAF.NS up 16.8% and 8.9%, respectively

(Reporting by Varun Vyas in Bengaluru)

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Recasts with policy details; changes dateline to Feb. 22 to reflect ongoing story

BENGALURU, Feb 22 (Reuters) - India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market.

India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission failed.

The government said in a statement late on Wednesday that foreign companies could invest in the manufacture of components and systems or sub-systems for satellites up to 100% without approval.

Foreign firms planning to build satellites in India would not require government approval up to 74% of the investment; for investment in launch vehicles, investment could go up to 49% without such approval, the statement said.

India has privatised space launches and is aiming for a five-fold increase in its share of the global launch market, which some expect to be worth $47.3 billion by 2032. India currently accounts for about 2% of the space economy.

The country hopes that liberalised rules for the space sector, long controlled by the government, will draw interest from Elon Musk’s SpaceX and Jeff Bezos' Blue Origin, among others.

The foreign direct investment policy reform is expected to boost employment and will allow companies to set up manufacturing facilities in India, the government said in the statement.

"This will give India access to the latest tech advances and much-needed funds, not only from the country but from international investors too," said A.K. Bhatt, director general of the Indian Space Association.

Space-related India stocks such as Paras Defence and Space Technologies PRAF.NS, MTAR Technologies MTAR.NS, Taneja Aerospace and Aviation TANE.BO and Apollo Micro Systems APLL.NS climbed 2% to 5% on Thursday.

(Reporting by Nivedita Bhattacharjee, Angela Christy, Mrinmay Dey, Kanjyik Ghosh; Editing by Emelia Sithole-Matarise and Gerry Doyle)

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** Shares of MTAR Technologies MTAR.NS down 11%, steepest drop in five-session losing run

** Stock set for 2nd worst day since March 2021 debut

** Precision engineering co reports near 67% fall in Q3 net profit to 104.5 mln rupees ($1.3 mln), rev down 26%

** Over 1.2 mln shares traded, 7.1x the 30-day avg

** MTAR down ~23% YTD after a 36.5% gain in 2023

($1 = 83.0840 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Paras Defence and Space Technologies PRAF.NS rise as much as 5.6% to 759 rupees

** Co incorporates new subsidiary Quantico Technologies Pvt

** New unit to focus on quantum communication, a technology theoretically impossible to hack, according to researchers

** More than 870,000 shares change hands by 2:56 p.m. IST, 2.5x of 30-day avg

** More than 800,000 shares were traded in single sessions only twice in the last quarter

** Stock rose 19.5% in 2023, while rival defence-linked companies Premier Explosives PRMR.NS, Bharat Electronics BAJE.NS, MTAR Technologies MTAR.NS and Solar Industries SLIN.NS rose 278.7%, 84.4%, 36.5% and 53.4%, respectively

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of industrial equipment maker MTAR Technologies MTAR.NS fall as much as 12.5% to 2,235.05 rupees

** Co's Q2 consol profit fell 17.1% YoY on a 44.1% climb in total expenses

** Cuts FY24 rev forecast to 6.70 bln rupees to 7 bln rupees ($80.48 mln-$84.09 mln) from 8.30 bln rupees to 8.60 bln rupees earlier

** Says it has trimmed forecast due to deferment of shipment plans to next fiscal year

** Stock on track to snap three-day rally of gains, if trend holds

** Over 925,000 shares change hands as of 9:39 a.m. IST, 3x the 30-day moving average

** Stock last down 8.4%, trimming YTD gains to 44.7%

($1 = 83.2480 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Nov 8 (Reuters) - MTAR Technologies Ltd MTAR.NS:

• INDIA'S MTAR TECHNOLOGIES LTD SEPT-QUARTER CONSOL NET PROFIT 204.6 MILLION RUPEES VERSUS 246.9 MILLION RUPEES

• MTAR TECHNOLOGIES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.67 BILLION RUPEES VERSUS 1.26 BILLION RUPEES

Source text for Eikon: ID:nBSEJYwjh

Further company coverage: MTAR.NS

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