MTAR Technologies , a leading precision engineering solutions company, has reported a robust order book growth and anticipates a significant revenue surge in the second half of fiscal year 2026. The company's performance highlights its strong position in key sectors such as clean energy, nuclear power, and aerospace.

Q2 FY26 Performance and Order Book Growth

MTAR Technologies recorded revenues of INR 135.00 crores in Q2 FY26, with an EBITDA margin of 12.50%. While this represents a temporary dip in performance, the company's order book has shown impressive growth. The order book closed at INR 1,296.00 crores at the end of Q2, compared to INR 930.00 crores at the end of Q1 FY26. Furthermore, the company has received additional orders worth INR 480.00 crores post-Q2.

Revised Guidance and Future Outlook

Based on the strong order inflow, MTAR Technologies has revised its revenue growth guidance upward for FY26:

• Revenue growth expectation increased from 25% to 30-35%
• Anticipates 2x sales in the second half compared to the first half of FY26
• Expects to close FY26 with an order book of approximately INR 2,800.00 crores

The company maintains its annual EBITDA margin guidance of around 21%, supported by improved operating leverage and higher capacity utilization in H2 FY26.

Sector-wise Performance and Expectations

Clean Energy Segment

• Expects robust performance in H2 FY26 with revenues of approximately INR 340.00 crores
• Plans to expand hot box division capacity from 8,000 units to over 12,000 units by March 2026
• Further expansions planned to reach 16,000 units by September 2026 and 20,000 units by March 2027

Nuclear Power Sector

• Anticipates orders worth approximately INR 500.00 crores for Kaiga 5 and 6 reactors
• Expects additional orders from refurbishment reactors, potentially bringing total nuclear orders to INR 800.00 crores by year-end

Aerospace and Defense

• Continues to follow a strategic growth path with key programs involving leading MNC customers and domestic entities
• Initiated discussions with new global OEMs and expanded program engagements with existing aerospace partners

Capacity Expansion and Capital Expenditure

MTAR Technologies plans significant capacity expansions to meet growing demand:

• INR 35.00-40.00 crores for expanding hot box capacity from 8,000 to 12,000 units by March 2026
• Additional INR 60.00 crores planned for further expansion to 20,000 units
• Total planned capex of around INR 150.00 crores over the current and next financial year, including expansions in oil and gas sector

Working Capital Management

The company is focusing on improving its working capital management:

• Current working capital days are elevated due to higher inventory levels built to support expected growth
• Aims to reduce working capital days to around 220 by the end of FY26
• Cash flow from operations improved significantly to INR 39.80 crores in Q2, compared to negative INR 1.00 crore in the previous quarter

Conclusion

MTAR Technologies' strong order book growth and revised guidance reflect the company's robust position in key industrial sectors. With planned capacity expansions and a focus on execution, the company is well-positioned to capitalize on the growing demand in clean energy, nuclear power, and aerospace sectors. Investors and industry observers will be keenly watching MTAR's performance in the coming quarters as it aims to deliver on its ambitious growth targets.

MTAR Technologies , a leading player in the precision engineering solutions space, has announced a significant business development. The company has secured orders worth ₹271.75 crores from an existing international client, showcasing its strong client relationships and continued growth in the global market.

Order Details

The company disclosed the following key details about the new orders:

Significance of the Order

This substantial order underlines MTAR Technologies' strong position in the international market and its ability to secure repeat business from existing clients. The order size, equivalent to approximately USD 30.88 million, represents a significant boost to the company's order book and future revenue visibility.

Execution and Impact

With the orders scheduled for completion by the second quarter of the fiscal year 2027, MTAR Technologies has a clear runway for execution over the coming years. This extended timeline suggests that the orders likely involve complex, high-value engineering solutions, which aligns with MTAR's core competencies in precision engineering.

Investor Communication

In a move towards transparency, MTAR Technologies has also announced its participation in the upcoming Kotak Midcap Conference 2025. Company officials will be engaging with investors in one-on-one and group meetings on November 21, 2025, at Grand Hyatt, Mumbai. This engagement demonstrates the company's commitment to maintaining open lines of communication with the investment community.

Conclusion

The securing of these substantial orders from an international client reinforces MTAR Technologies' position as a trusted partner in the global precision engineering sector. As the company continues to expand its international footprint and strengthen its order book, investors and industry observers will be keenly watching its execution capabilities and future growth trajectory.