MTAR Technologies shares hit the 5% upper circuit for the second straight session at ₹5,714 after the company reported exceptional Q1 FY27 results. The aerospace and precision engineering company delivered a 364.5% year-on-year jump in net profit to ₹50.2 crore from ₹10.8 crore in the previous quarter, with revenue from operations surging 130.4% to ₹360.7 crore from ₹156.6 crore. The stock has demonstrated remarkable momentum, with a 266.82% rise over 12 months and a consensus price target implying 60% upside. This marks a substantial turnaround from the fourth straight day of losses that had brought the stock down 40% from its peak of ₹8,714 and over 30% in the month of July.
MTAR Technologies delivered exceptional financial results for Q1 FY27, with profit after tax (PAT) surging 364.5% year-on-year to ₹50.2 crore compared to ₹10.8 crore in the previous quarter ended June 2025. The company's revenue from operations stood at ₹360.7 crore, reflecting a 130.4% year-on-year growth from ₹156.6 crore in the corresponding quarter last year. EBITDA nearly tripled to ₹85.1 crore from ₹28.4 crore, marking a 199.7% increase, while profit before tax jumped 355% to ₹67.4 crore. Operating Profit Margin (OPM) improved to 23.90% from 18.38% in the previous year. The company beat estimates across revenue, operating profit, margins and net profit, aided by strong execution across business verticals. PBDT increased 233% to ₹77.09 crore from ₹23.18 crore, while Profit Before Tax rose 355% to ₹67.40 crore from ₹14.81 crore.
The company has strengthened its position in the civil nuclear power segment, where it supplies critical fuel handling assemblies for nuclear reactor cores. MTAR Technologies recently secured its largest-ever nuclear order worth ₹504 crore for the Kaiga 5 and 6 projects, improving order visibility significantly. The company expects to receive around ₹150 crore worth of refurbishment orders in FY27 from existing reactors. Looking ahead, the company expects meaningful opportunities from the proposed construction of four reactors at Mahi Banswara, where NTPC is partnering with NPCIL. The government's target of achieving 100 GWe of civil nuclear capacity by 2047 presents significant long-term growth opportunities through new reactor construction, refurbishment projects and maintenance contracts.
The biggest positive for investors was the company's order book, which stood at ₹5,143.3 crore at the end of the June quarter, surpassing the ₹5,000 crore closing order book target it had set for the end of FY27. At the end of FY26, MTAR Tech had raised its FY27 revenue growth guidance from 50% to 80%, while also projecting an FY27 closing order book of ₹5,000 crore. The company had ended FY26 with an order book of ₹2,581.9 crore. Despite achieving its order book target within the first quarter, the company retained its FY27 guidance of 80% revenue growth and an EBITDA margin of 24%. Managing Director Parvat Srinivas Reddy commented that the company delivered another strong quarter, with performance in line with the growth guidance for the current financial year, and that each of its key business verticals are well positioned to enter the next phase of growth.
Alongside Q1 release, MTAR Technologies announced that it has received an amended purchase order from an existing customer, increasing the total order value to $324.62 million (approximately ₹3,100.09 crore) from the earlier $238.76 million (approximately ₹2,278.96 crore) announced on May 14, 2026. The amendment adds an incremental order worth $85.86 million (approximately ₹819.94 crore). The company said it cannot disclose the customer's identity due to confidentiality, while the execution timeline for the order will be decided later. The stock was locked at the day's upper circuit of ₹5,714, marking a significant recovery from its recent struggles.
