MTAR Technologies Ltd
MTAR Technologies Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
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MTAR Technologies Ltd Q3 FY26 key numbers
- Revenue
- Aerospace and Defence segment has order book of INR 325 crores; expansion in volume production expected.
As stated in MTAR Technologies Ltd's Q3 FY26 earnings call transcript · published 26 Aug 2026. Reported figures, not investment advice.
The short version
FY '26 revenue expected to cross INR 900 crores, with 30-35% growth guidance. MTAR Technologies expects strong revenue growth, targeting around 50% growth for FY '27, driven by expansion in clean energy, aerospace, and nuclear sectors.
From MTAR Technologies Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- FY '26 revenue expected to cross INR 900 crores, with 30-35% growth guidance.
- FY '27 revenue growth guidance at approximately 50%.
- Clean energy segment capacity to expand from 8,000 units to 12,000 by March end, 20,000 by December, and 30,000 units subsequently.
- Aerospace and Defence segment has order book of INR 325 crores; expansion in volume production expected.
- INR 700-800 crores worth of orders expected in Q4 FY '26, closing order book at INR 2,800 crores.
- Margins expected to improve in FY '27 due to better operating leverage and efficiency.
2 more points from MTAR Technologies Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- MTAR is setting up additional capacities in Aerospace and Defence to handle business beyond INR 200 crores over the next 2-3 months.
- For Clean Energy (hot boxes/ASP assemblies), planned capex of approximately INR 50-60 crores to expand production capacity from 12,000 to 20,000 units, with infrastructure being built for 30,000 units.
- The 12,000 unit capacity expansion will be completed by March; 20,000 by December; 30,000 in the subsequent year.
- Expansion includes a new greenfield plant at the SEZ near the airport for Clean Energy operations for operational efficiency.
- Capex for expanding ASP assemblies from 20,000 to 30,000 units would require an additional ~INR 40 crores.
- Infrastructure is largely brownfield with some new plant development for Clean Energy expansion.
2 more points from MTAR Technologies Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of Q3 end FY '26, closing order book stood at INR 2,394 crores.
- Expected closing order book by end of FY '26 is around INR 2,800 crores.
- FY '26 Q4 order inflow is expected to be around INR 700-800 crores.
- Aerospace and defence sector order book is approximately INR 325 crores.
- Orders include INR 500 crores+ for Kaiga Units 5 and 6 nuclear reactors.
- Nuclear order book expected to grow significantly beyond INR 800 crores in next 2-3 years.
- FY '27 is expected to have a stronger and higher order book than FY '26.
2 more points from MTAR Technologies Ltd's call on order book
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MTAR Technologies Ltd — Quarterly revenue & net profit
MTAR Technologies Ltd Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 278 | 174 | +59.8% | 136 | +104.4% |
| Operating profit (EBITDA) | 64 | 33 | +93.9% | 17 | +276.5% |
| Operating margin | 23% | 19% | +4 pp | 13% | +10 pp |
| Profit before tax | 46 | 22 | +109.1% | 6 | +666.7% |
| Net profit (PAT) | 35 | 16 | +118.8% | 4 | +775% |
| EPS (₹) | 11.43 | 5.31 | +115.3% | 1.38 | +728.3% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹407 Cr, net profit ₹60 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What MTAR Technologies Ltd's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were MTAR Technologies Ltd Q3 FY26 results?
FY '26 revenue expected to cross INR 900 crores, with 30-35% growth guidance. MTAR Technologies expects strong revenue growth, targeting around 50% growth for FY '27, driven by expansion in clean energy, aerospace, and nuclear sectors.
What is MTAR Technologies Ltd share price analysis?
MTAR Technologies Ltd currently shows a neutral. 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 is setting up additional capacities in Aerospace and Defence to handle business beyond INR 200 crores over the next 2-3 months.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.