MTAR Technologies Q3 FY26: Revenue Soars 59%, Profit Jumps 117%

Introduction to MTAR's Strong Quarter

MTAR Technologies, a key player in precision engineered systems, announced a robust financial performance for the third quarter of fiscal year 2026. The company reported a significant 59.3% year-on-year (YoY) increase in its consolidated revenue from operations, reaching its highest-ever quarterly figure of ₹278.0 crore. This growth was complemented by a remarkable 117.3% YoY surge in net profit, which stood at ₹34.7 crore for the quarter ending December 31, 2025. The strong results reflect healthy execution across its business segments and a substantial order book, signaling positive momentum for the company.

Detailed Financial Performance in Q3 FY26

The company's financial metrics for Q3 FY26 showed broad-based improvement. Revenue from operations not only grew 59.3% from ₹174.5 crore in Q3 FY25 but also more than doubled on a sequential basis, rising 105.0% from ₹135.6 crore in Q2 FY26. This sharp increase highlights a significant operational ramp-up in the second half of the fiscal year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 92.5% YoY to ₹64.0 crore, with the EBITDA margin expanding to 23.0% from 19.1% in the same quarter last year. The profit before tax more than doubled to ₹46.1 crore compared to ₹21.4 crore in the year-ago period.

Robust Order Book and Future Outlook

A key driver of this performance is the company's strong order inflow. During the quarter, MTAR Technologies secured fresh orders worth ₹1,368.8 crore. This has bolstered its diversified order book, which stood at ₹2,394.9 crore as of December 31, 2025. This substantial backlog provides strong revenue visibility for the upcoming quarters. The new orders span across its primary business segments, including clean energy (civil nuclear power, fuel cells, and hydel), aerospace, and defence. Management has expressed confidence in the company's growth trajectory, supported by these industry tailwinds.

Management Commentary

Parvat Srinivas Reddy, Managing Director & Promoter of MTAR Technologies, commented on the results, stating, "We recorded our highest-ever quarterly revenue in Q3, driven by strong operational performance. Our robust order book reflects strong industry tailwinds and structural growth in the Clean Energy – Fuel Cells, Civil Nuclear Power and Aerospace sectors." He also indicated that margins are expected to improve sequentially in the coming quarters, supported by higher operating leverage and a favorable shift in the product mix towards volume-based production.

Annual Financial Context (FY23)

To provide a broader perspective, the company's performance in the preceding full fiscal year also demonstrated strong growth. In FY23, consolidated revenue stood at ₹593.22 crore, an 80% increase from ₹330.75 crore in FY22. The Profit After Tax (PAT) for FY23 grew by 71.66% year-on-year to ₹103.42 crore. This consistent growth over the past few years has established a solid foundation for the company's current expansion and performance.

Stock Performance and Market Position

The strong financial results have been reflected in the company's stock performance. As of February 11, 2026, MTAR Technologies' market capitalization stood at ₹11,193 crore. The stock has delivered impressive returns to its shareholders, rising 139.53% on a year-on-year basis. The share price has traded in a 52-week range of ₹1,155.60 to ₹3,688.70, indicating significant investor interest and upward momentum over the past year.

Company Background and Strategic Focus

MTAR Technologies is a leading manufacturer of mission-critical precision engineered systems. The company serves high-growth sectors such as clean energy, civil nuclear power, space, and defence. Its client list includes prestigious organizations like the Indian Space Research Organisation (ISRO) and the Defence Research & Development Organisation (DRDO), as well as global giants like Bloom Energy and GKN Aerospace. With nine manufacturing units, including a dedicated export-oriented facility, MTAR is well-positioned to capitalize on both domestic and international opportunities.

Conclusion

MTAR Technologies' Q3 FY26 results underscore a period of accelerated growth, marked by record revenues and a significant jump in profitability. The company's expanding order book, particularly in the high-potential clean energy and aerospace sectors, provides a clear roadmap for sustained performance. With management guiding for continued margin improvement and strong execution, MTAR remains a key company to watch in India's precision manufacturing and defence landscape.