MTAR Technologies Ltd

Q1 FY27Electrical Equipment

MTAR Technologies Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹6,930

Market cap₹21.6K Cr

P/E157.5

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

5 of 5 strong

RevenueRank 1

MarginRank 1

CapexYes

FundraiseYes

Order bookYes

The short version

MTAR Technologies expects robust revenue growth, aiming for approximately 80% growth in the current fiscal year, with potential to exceed this guidance. MTAR Technologies expects strong revenue growth, targeting around 80% growth for FY27 with potential to exceed this guidance.

From MTAR Technologies Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 1

MTAR Technologies expects robust revenue growth, aiming for approximately 80% growth in the current fiscal year, with potential to exceed this guidance.
Aerospace and defense segment revenue is expected to double in the current fiscal and ramp up significantly over the next 3-4 years, potentially reaching INR600-700 crores.
Products business is projected to grow rapidly, potentially crossing INR1,000 crores in 3-4 years.
Clean Energy segment to be a major revenue driver by fiscal year-end, supported by short-cycle orders and capacity expansions.
Expansion in data center infrastructure solutions is underway with potential for substantial scale-up following product qualification.
Order book of over INR5,100 crores with incremental inflows expected, supporting multi-year revenue visibility.
Focus on operational efficiency and capacity expansion to support increased volumes and sustained growth.

Profitability & Margins

MTAR Technologies expects strong revenue growth, targeting around 80% growth for FY27 with potential to exceed this guidance.
EBITDA margins are projected to sustain around 24% plus-minus 100 basis points.
ROCE is expected to improve from 17.2% in Q1 FY27 to around 23% next year.
PAT for Q1 FY27 was INR 50.2 crores, with a 364.5% increase YoY; growth is expected to continue as aerospace and clean energy segments ramp up.
Aerospace and defense revenues are expected to double in the current fiscal year, with further 3-4 year growth potentially exceeding INR 600-700 crores for aerospace and INR 1,000 crores for products business.
Execution ramp-up from a robust order book (>INR 5,500 crores) with short-cycle orders supports strong earnings visibility.
Continuous operational efficiencies and capacity expansions planned to support earnings growth.

See what MTAR Technologies Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

MTAR plans a total capex of around INR 500 crores over this year and the next to support expansion across various verticals.
Capex split is approximately 70% for clean energy segments and 30% for non-clean energy segments (~INR 150 crores).
Around INR 35 crores of capex was incurred in Q1 FY27.
Capex will be funded through a combination of internal accruals and debt.
Investments include setting up dedicated facilities for data center infrastructure solutions and aerospace.
The capex aims to increase asset turnover ratio to at least 4-5 times what is spent.
Incremental working capital requirements are expected alongside capex to support growth.
Capex expenditures will be spread over this year and spill over into the next 1-2 quarters of the following financial year.

Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

5x potential

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2GP Eco Solutions India Ltd₹545 Cr

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3₹2.3K Cr

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4₹535 Cr

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5₹22.1K Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

MTAR Technologies plans to fund its expansion through a combination of **internal accruals and debt**.
No specific mention of equity fundraising at present.
The company aims to reduce interest costs going forward and manage debt efficiently.
Current debt levels are low (around INR 20-30 crores net after adjusting investments).
Planned capex of about INR 500 crores over this and next year will be partly supported by debt and internal funds.
No official guidance yet on incremental fundraising beyond this, but the company emphasizes strong balance sheet and working capital management to support growth.

See what MTAR Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Current order book stands at approximately INR 5,143 crores as of Q1 FY27.
An additional INR 800 crores of orders were received recently, totaling around INR 5,900 crores.
Expectation of further order inflows across all key sectors in coming quarters.
Clean nuclear division alone has close to INR 800 crores in orders, with some refurbishment orders worth around INR 200+ crores.
Orders primarily consist of short-cycle projects to be executed mostly within 1-2 years, with some up to 3-3.5 years.
Robust revenue visibility supported by a 5-year roadmap for growth.
Continuous focus on executing orders timely and scaling manufacturing capacities to meet demand.

MTAR Technologies Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹306 Cr, net profit ₹44 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What MTAR Technologies Ltd's management said in earlier quarters

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Frequently Asked Questions

What were MTAR Technologies Ltd Q1 FY27 results?

What is MTAR Technologies Ltd share price analysis?

MTAR Technologies Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 157.5 with a market cap of ₹21,622 Cr. Investors should review the full earnings analysis for detailed insights.

Is MTAR Technologies Ltd planning capital expenditure?

MTAR plans a total capex of around INR 500 crores over this year and the next to support expansion across various verticals.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.