SYNOPSIS: MTAR Technologies Limited posted record Q3 FY26 revenue with sharp profit and margin expansion, driven by strong clean energy orders, diversified revenues, and a robust Rs. 2,395 crore order book.
Shares of a leading manufacturer of mission-critical precision-engineered systems catering to the clean energy, aerospace, and defence sectors surged more than 12 percent to hit a record high at Rs. 3,075 on BSE, after posting robust Q3 FY26 results marked by a sharp growth of around 726 percent QoQ and 117 percent YoY in net profit.
With a market cap of Rs. 9,009 crores, shares of MTAR Technologies Limited were trading in the green at Rs. 2,928.85 on BSE, up by around 7 percent, compared to its previous closing price of Rs. 2,740.95. The stock has delivered positive returns of over 91 percent in the last one year, and has gained by around 24 percent in the last one month.
Financial Performance & Revenue Mix for Q3 FY26
MTAR Technologies Limited announced the financial results for the third quarter of FY26 on Thursday after market hours, as per the latest regulatory filings with the stock exchanges.
For the quarter, the company posted a highest-ever quarterly revenue from operations of Rs. 278 crores, reflecting a sequential growth of around 105 percent QoQ compared to Rs. 135.6 crores in Q2 FY26. Likewise, on a year-on-year basis, revenue grew more than 59 percent from Rs. 174.4 crores recorded in Q3 FY25. The revenue was driven by strong operational performance.
Net profit for the quarter stood at Rs. 34.7 crore, indicating an impressive increase of more than 8 times or around 726 percent QoQ from Rs. 4.2 crores in Q2 FY26, and a significant rise on a year-on-year basis by nearly 117 percent from Rs. 16 crores reported in Q3 FY25.
Further, operating performance improved significantly during the quarter, EBITDA rose sharply to Rs. 64 crore from Rs. 33.3 crore in Q3 FY25, registering a growth of over 92 percent YoY. EBITDA margins also expanded to 23 percent from 19.1 percent.
For Q3 FY26, the company reported a well-balanced revenue mix across its business segments. Clean Energy – Fuel Cells, Hydel & Others emerged as the largest contributor, generating Rs. 195.6 crore (or 70 percent) during the quarter. This was followed by the Aerospace & Defence segment, which recorded revenues of Rs. 31 crore (or 11 percent). The Products & Others segment contributed Rs. 45.3 crore (or 16 percent), while Clean Energy – Civil Nuclear Power added Rs. 6.2 crore (or 2 percent) in Q3 FY26, reflecting diversified revenue streams across clean energy, defence, and industrial products.
Order Book & More
As of 31st December 2025, MTAR Technologies reported a diversified order book of Rs. 2,395 crores. Received Rs. 1368.8 Crs of orders in this quarter in various sectors, including Clean Energy – Civil Nuclear Power, Fuel cells and Hydel, Aerospace & Defence, Products and others by the end of Q3 FY26.
Clean Energy – Fuel Cell, Hydel and other related segments formed the largest share at 49.3 percent, followed by Clean Energy – Civil Nuclear Power at 27.2 percent. The Aerospace and Defence segment accounted for 13.6 percent of the order book, while the Products and Other segments contributed the remaining 9.9 percent.
Commenting on the results, Mr. Parvat Srinivas Reddy, Managing Director & Promoter, MTAR Technologies, said, margins are expected to improve sequentially over the coming quarters, supported by higher operating leverage and a favourable shift in the product mix towards volume-based production.
MTAR Technologies Limited, a one-stop solution provider for complex manufacturing requirements, is a leading manufacturer engaged in the business of manufacturing and development of high precision and heavy equipment, components, and machines, catering to civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors.
Its clients comprise ISRO, DRDO, Bloom Energy, Andritz, GE Power, Voith, Rafael, Elbit, GKN Aerospace, IAI, and Thales, among others. Due to its complex product portfolio serving strategic sectors, MTAR ranks among the top three suppliers providing precision engineering solutions to India’s Civil Nuclear Power, Space, and Defence sectors.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
