MTAR Technologies, Triveni Turbine jump on FY27, Q4

Early trade: two midcaps lead the move

Shares of MTAR Technologies and Triveni Turbine rose sharply in early deals on Thursday, with both counters reacting to fresh company-specific triggers. MTAR Technologies gained 6.15% in late morning deals, while Triveni Turbine climbed as much as 7.55% during the session. The moves came as investors digested MTAR’s raised growth outlook and Triveni’s March-quarter (Q4FY26) performance.

The day’s price action also followed a period of strong momentum in both stocks, with each seeing heightened interest after recent results and order-related updates. Intraday swings were notable, and the reported prices varied across different time-stamps cited by market reports.

MTAR lifts FY27 revenue growth guidance

MTAR Technologies’ rally was linked to a change in management guidance for FY27. The company raised its revenue growth guidance for FY27 from 50% to “80% plus” revenue growth, with a plus/minus 5% band. It also indicated EBITDA margins of around 24% for the year.

Management attributed the confidence to execution of orders on hand and the initial expansion of capacities across sectors tied to clean energy. The company said these capacity additions have already been commissioned, supporting the upgraded outlook.

Order visibility: ₹2,278.96 crore international purchase orders

In a separate update highlighted by market coverage, MTAR Technologies announced purchase orders worth $138.76 million, equivalent to around ₹2,278.96 crore. The company said the orders were received from an international customer, whose identity was not disclosed due to confidentiality obligations.

MTAR described these as blanket purchase orders and said they are a continuation of regular business from an existing customer. The execution timeline, according to the company, will be decided later.

MTAR share price, market cap, and trend points

MTAR Technologies rose 6.15% to ₹7,918, a record high, versus a previous close of ₹7,459.05, as per the late morning snapshot cited. Its market capitalisation was reported at ₹24,012 crore. The stock was also described as trading above its 5-day to 200-day moving averages.

Return figures mentioned in market reports underline the momentum: the stock has gained 226% in 2026 and is up 374% over one year. Separately, another cited move showed MTAR surging 6.86% to ₹7,212.25 after the international order update, and a 15.39% rally over two sessions following strong Q4FY26 earnings reported on 12 May 2026.

Where MTAR operates

MTAR Technologies manufactures precision-engineered systems and components used across clean energy, civil nuclear power, fuel cells, hydel, aerospace, and defence. Coverage also linked the stock’s broader investor interest to demand themes in clean energy and related industrial supply chains.

One report noted MTAR’s exposure to Bloom Energy, stating around 55% to 65% of MTAR’s revenue comes from the US-based firm, where MTAR supplies components and is described as the sole supplier for certain electrolyser units.

Triveni Turbine jumps on record quarterly revenue

Triveni Turbine’s rally was attributed to a “stellar” Q4 earnings performance. In Q4FY26, the company reported record quarterly revenue of ₹680 crore, up 26.3% from ₹538 crore in the year-ago quarter. Net profit rose 8.5% year-on-year to ₹101.9 crore from ₹93.9 crore.

EBITDA increased 6.3% to ₹128 crore from ₹120.4 crore. After the results were announced on 18 May, the stock has surged 16.47%, according to the data cited.

Order inflows: exports drive the mix

Beyond the income statement, the quarter’s order book metrics drew attention. Triveni Turbine reported order inflows of ₹747 crore during the quarter, up 19% year-on-year. Export orders surged 174.1% and contributed 69% of the total order booking.

The company also referenced a diversified enquiry pipeline across segments such as IPP, steel, cement, and oil and gas, along with geothermal. It said dedicated manufacturing capabilities in the USA and South Africa support this visibility.

Stock movement snapshots across the session

Different market snapshots cited Triveni Turbine at multiple levels, reflecting intraday volatility and varying time-stamps. One report noted the stock rose 7.55% to ₹707.40 against a previous close of ₹657.70. Another said it jumped nearly 10% to hit a high of ₹655.4 on the NSE after the Q4FY26 print.

Around 2:00 PM in the same coverage set, Triveni Turbine was reported trading near ₹635.25, up 6.5% from a previous close of ₹596.65. A separate line cited a “live price” of ₹656.55, and another placed the share price around ₹656 as of 21 May 2026 00:27.

What the company said about conditions and outlook

Dhruv M Sawhney, chairman and managing director at Triveni Turbine, said the company delivered a satisfactory performance for FY26 despite a challenging global environment marked by geopolitical disruptions, tariff-related uncertainties, and macroeconomic volatility. He also pointed to a strong and diversified enquiry pipeline supporting visibility.

He added that evolving macroeconomic conditions, particularly geopolitical uncertainties in the west Asia region, may cause near-term fluctuations, while reiterating confidence in delivering full-year growth based on order backlog and the enquiry pipeline.

Key numbers at a glance

Market impact and what investors tracked

For MTAR, the immediate catalyst was the combination of higher FY27 growth guidance and reaffirmed confidence on order execution, alongside reports of fresh international purchase orders. For Triveni Turbine, investors focused on record quarterly revenue and the sharp pickup in export-led order booking, which drove sentiment after the May 18 result.

Near-term market attention is likely to stay on execution milestones, including MTAR’s delivery schedule for the newly announced blanket purchase orders and Triveni’s conversion of its export-heavy order inflows into revenue. Any further management commentary tied to capacity utilisation, margins, or order visibility is also likely to remain in focus.

Conclusion

Thursday’s rally in MTAR Technologies and Triveni Turbine reflected two clear triggers: MTAR’s raised FY27 growth outlook and Triveni’s record Q4FY26 revenue with strong order inflows. The next set of updates investors will watch are order execution timelines, follow-on bookings, and any reaffirmation of guidance in subsequent filings or earnings commentary.