ScoutQuest30 Oct 2026
MTAR Technologies543270Quarterly results

MTAR Technologies Q2FY27 revenue triples to Rs. 406.8 Cr; order book at Rs. 5,976.5 Cr

Q2FY27 revenue up 200.0% to Rs. 406.8 Cr, EBITDA margin 24.4%, PAT Rs. 59.8 Cr; order book Rs. 5,976.5 Cr.

By ScoutQuest · · 1 min read

29.23%Promoter holding, Sept-26
Promoter holding, Sept-26: 29.23%.
Q2FY27 revenue
rose 200.0% year on year to Rs. 406.8 Cr
EBITDA
rose 483.3% to Rs. 99.2 Cr at a 24.4% margin
PAT
PAT was Rs. 59.8 Cr against Rs. 4.2 Cr
Period
Q2 & H1FY27
Positioning
MTAR describes itself as a five-decade indigeniser of complex mechanical systems for civil nuclear, fuel cells and Aerospace & Defence, now diversifying into oil & gas and data centre infrastructure.

📈 Q2FY27 revenue rose 200.0% year on year to Rs. 406.8 Cr and EBITDA rose 483.3% to Rs. 99.2 Cr at a 24.4% margin; PAT was Rs. 59.8 Cr against Rs. 4.2 Cr. H1FY27 revenue was Rs. 767.5 Cr, up 162.7%, with PAT of Rs. 110.1 Cr.

📋 The order book stood at Rs. 5,976.5 Cr on 30 September 2026 after Rs. 1,207.2 Cr of Q2 inflows, 68.2% of which came from fuel cell, hydel and others; exports were 75% of Q2 revenue.

📈 Management states it has guided for 80% revenue growth this fiscal with an EBITDA margin of 24% ±100 bps, and says it aims to widen its product portfolio, raise wallet share and grow its global customer base, including data centre infrastructure.

🏭 The company says a greenfield oil & gas and fuel cell phase 2 facility is expected to be commissioned by end Nov 2026, and phase 3 fuel cell capacity completed by March 2027.

Order book as of Rs. 5,976.5 Cr
Greenfield facility commissioning target End Nov 2026, oil & gas and fuel cell phase 2
Phase 3 fuel cell expansion completion By March 2027
Order book as of 30 Sep 2026 · Greenfield facility commissioning target 30 Nov 2026 · Phase 3 fuel cell expansion completion 31 Mar 2027
More numbers
  • Revenue from operations, Q2FY27406.8 (Rs. Cr)
  • Revenue growth Y-o-Y, Q2FY27200.0%
  • EBITDA, Q2FY2799.2 (Rs. Cr)
  • EBITDA margin, Q2FY2724.4%
  • Profit for the period, Q2FY2759.8 (Rs. Cr)
  • Revenue from operations, H1FY27767.5 (Rs. Cr)
  • Profit for the period, H1FY27110.1 (Rs. Cr)
  • Order book, 30 Sept 2026Rs. 5,976.5 Cr
  • New orders, Q2FY27Rs. 1,207.2 Crs
  • Revenue guidance growth, current fiscal80%
  • Revenue from operations, FY26876.2 (Rs. Cr)
  • Market cap, 30 Sept 202623,886 (Cr)
  • Promoter holding, Sept-2629.23%
Source: BSE · 30 Oct 2026

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