MTAR Technologies Ltd
MTAR Technologies Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
The company expects a decent growth in backhoe loaders, construction equipment, and material handling segments in the current year, recovering from a tepid FY '26. Guidance for revenue is INR6,000-6,200 crores by FY '29 or FY '30, implying incremental growth of INR700-1,000 crores over 3-4 years.
From MTAR Technologies Ltd's Q4 FY26 earnings-call transcript · updated 3 Nov 2026.
Revenue & Sales Performance
- The company expects a decent growth in backhoe loaders, construction equipment, and material handling segments in the current year, recovering from a tepid FY '26.
- Crane segment growth is expected to improve, especially hydra type cranes with new features driving incremental market share.
- Revenue guidance for FY '29/FY '30 is INR 6,000 to INR 7,000 crores, with an expected annual increase of INR 700-800 crores over the next 3-4 years.
- Export and defense sectors are targeted to contribute 10%-15% of revenue, up from 9% last year, with defense expected to contribute 5%-6% this year.
- The company anticipates price increases to partly offset inflation, with market share growth expected to be gradual amid challenging macro conditions.
2 more points from MTAR Technologies Ltd's call on revenue
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Profitability & Margins
See what MTAR Technologies Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current year capex plan includes approximately INR130-135 crores to complete a contracted land parcel for future expansion.
- Setting up a new plant within existing complex for defense machines and new products with a capex of INR40-50 crores.
- Maintenance capex budgeted at INR20-25 crores.
- Total capex for the current year expected to be around INR200 crores.
- Planned new tower crane factory with anticipated capex upwards of INR400 crores; timing to start depends on market momentum.
- Establishing the tower crane factory will take approximately 12 to 18 months, focusing on high automation.
2 more points from MTAR Technologies Ltd's call on capex
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Fundraising & Capital Structure
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Order Book & Pipeline
- The company has an order book of approximately INR 575 crores pending in the defense segment.
- Last year, defense contributed about 3% to overall revenue; this year, expected to increase to 5%-6%, translating to around INR 200-220 crores revenue from defense.
- Tower crane capacity utilization is around 950 to 1,000 units, with order books currently full.
- Demand for tower cranes is strong in early Q1 FY '27.
- Some export and defense orders expected to add incremental revenue.
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 Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 306 | 183 | +67.2% | 278 | +10.1% |
| Operating profit (EBITDA) | 62 | 34 | +82.4% | 64 | -3.1% |
| Operating margin | 20% | 19% | +1 pp | 23% | -3 pp |
| Profit before tax | 60 | 19 | +215.8% | 46 | +30.4% |
| Net profit (PAT) | 44 | 14 | +214.3% | 35 | +25.7% |
| EPS (₹) | 14.42 | 4.62 | +212.1% | 11.43 | +26.2% |
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.
Full financials →Continue your research
What MTAR Technologies Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY26 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
This quarter's potential multibaggers
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 Q4 FY26 results?
The company expects a decent growth in backhoe loaders, construction equipment, and material handling segments in the current year, recovering from a tepid FY '26. Guidance for revenue is INR6,000-6,200 crores by FY '29 or FY '30, implying incremental growth of INR700-1,000 crores over 3-4 years.
What is MTAR Technologies Ltd share price analysis?
MTAR Technologies Ltd currently shows a neutral. The stock trades at a P/E of 141.4 with a market cap of ₹19,418 Cr. Investors should review the full earnings analysis for detailed insights.
Is MTAR Technologies Ltd planning capital expenditure?
Current year capex plan includes approximately INR130-135 crores to complete a contracted land parcel for future expansion.
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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.