MTAR Technologies Limited has announced that the audio recording of its earnings conference call for the quarter and year ended 31st March 2026 is now available. The call was held on Wednesday, 13th May 2026 at 11:00 AM IST to discuss the company's operational and financial performance. The disclosure was made pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The earnings call was conducted to review the financial results for Q4 and FY 2025-26. Key management personnel, including the Managing Director, CFO, and Head of Strategy & Investor Relations, participated in the session to address queries from investors and analysts.

Access Information

Investors can access the audio recording of the conference call through the company's official website. The direct link to the recording has been provided for immediate reference.

Investor Relations Contact

For further information regarding the earnings call or the financial results, investors may reach out to the designated representative.

The filing was signed by Priyanka Agarwal, Company Secretary and Compliance Officer of MTAR Technologies Limited.

MTAR Technologies has received a positive assessment from Motilal Oswal, with the brokerage firm maintaining its Buy rating while substantially raising the target price. The revised target represents significant upside potential based on multiple growth drivers and improved business prospects.

Target Price Revision and Rating

Motilal Oswal has increased the target price for MTAR Technologies to ₹6,000 from the previous target of ₹4,750. The brokerage firm continues to maintain its Buy rating on the stock, indicating confidence in the company's growth trajectory and business fundamentals.

Key Growth Drivers

The analyst highlighted several factors supporting the positive outlook for MTAR Technologies:

• Bloom-Oracle Deal Expansion: The company is benefiting from the expansion of the Bloom-Oracle partnership, which is expected to drive business growth
• Critical Supplier Status: MTAR has established itself as a critical hot box assembly supplier, strengthening its market position
• Strong Order Visibility: The company demonstrates strong fuel-cell order visibility, providing revenue predictability

Revenue Estimate Upgrades

Motilal Oswal has significantly upgraded its revenue estimates for MTAR Technologies, reflecting improved business prospects:

These substantial upgrades indicate the analyst's confidence in the company's ability to deliver strong revenue growth over the medium term.

Long-term Growth Outlook

The brokerage firm maintains a bullish long-term growth outlook for MTAR Technologies. The combination of strategic partnerships, critical supplier relationships, and strong order visibility positions the company well for sustained growth in the coming years. The significant target price revision reflects this optimistic assessment of the company's future prospects.