MTAR Technologies shares demonstrated exceptional market performance on Wednesday, rallying 3% to reach ₹7,135 on the BSE, extending gains for the second consecutive session. According to The Economic Times, the stock has now gained 5% over two sessions following the announcement of significant new orders. The positive momentum reflects strong investor confidence in the company's expanding nuclear sector presence and robust financial performance, with the stock outperforming the broader market significantly. As per Moneycontrol, the stock has gained nearly 40% from recent lows and more than 37% in less than a month, translating into significant investor returns.
The rally was triggered by MTAR Technologies securing orders worth ₹127 crore from Nuclear Power Corporation of India Ltd. (NPCIL) for the supply of coolant channel assemblies. As reported by The Economic Times, these orders are specifically for the refurbishment of the RAPS-4 and MAPS-2 reactors, which are nuclear power reactor units in India with a capacity of 220 MWe each. Both reactors are located at Rawatbhata (Rajasthan) and Kalpakkam (Tamil Nadu) respectively, and are pressurized heavy water reactors (PHWR) operated by NPCIL. Moneycontrol reports that the company has also received a reactor refurbishment order worth around ₹145 crore, with more such orders in the pipeline.
According to The Economic Times, Managing Director Parvat Srinivas Reddy announced that MTAR Technologies has secured significant orders in the civil nuclear sector over recent months. The company's closing nuclear order book now stands at more than ₹775 crore, representing the highest level in the company's history. Reddy expressed optimism about the sector's long-term outlook, stating the company expects a steady inflow of orders over the coming years, with the sectors long-term outlook remaining promising. As per Moneycontrol, MTAR's overall order book stands at more than ₹5,000 crore, with most orders having relatively short execution timelines.
MTAR Technologies has delivered exceptional financial results in Q1 FY27, with revenue from operations surging 130.4% year-on-year to ₹360.7 crore from ₹156.6 crore in Q1 FY26, as reported by The Economic Times. The company's 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. 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. He added that the company has reached an inflection point, with each of its key business verticals well positioned to enter the next phase of growth.
Looking ahead, The Economic Times reports that MTAR Technologies expects to receive around ₹150 crore worth of refurbishment orders in FY27 from existing reactors. The company anticipates meaningful opportunities from the proposed construction of four reactors at Mahi Banswara, where NTPC is partnering with NPCIL. Additionally, 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 company recently secured its largest-ever order in the civil nuclear power segment, worth ₹504 crore for the Kaiga 5 and 6 projects, further improving order visibility. As per Moneycontrol, Reddy said a majority of the orders are expected to be completed within a year to a year-and-a-half, while most of the remaining orders should be executed within two years.
