MTAR Technologies shares extend rally after ₹467 crore order; shares up 398% in a year

Shares of MTAR Technologies Ltd gained more than 6% on Friday, May 22, after the company received international purchase orders worth about ₹467 crore ($48.68 million) from an existing customer.

In an exchange filing, the company said that the orders are scheduled to be executed in two phases, with 50% of the value to be completed by March 20, 2027, and the remaining 50% by June 20, 2027.

MTAR Tech said the contracts have been awarded by an international entity, and are part of its regular business with the customer, whose identity has not been disclosed due to confidentiality obligations.

Last week, the company raised its FY27 revenue growth guidance to 80% from 50% earlier, led by strong order inflows from the clean energy segment and improving operating leverage.

Managing Director of MTAR Tech, P Srinivas Reddy, said he expects EBITDA margins to be around 24% in FY27, with the order book touching ₹5,000 crore by the end of the year.

In the March quarter (Q4FY26), MTAR Technologies reported a 67% year-on-year rise in revenue to ₹306 crore, with EBITDA margin expansion of 154 basis points to 20.19% and net profit of ₹44 crore, up from ₹14 crore in the corresponding quarter last year.

The Telangana-based company also won orders worth $238.76 million, or nearly ₹2,279 crore, last week, from an international customer.

Following the latest win, the company’s order book has expanded to about ₹5,363. At the end of FY26, MTAR’s order book stood at ₹2,581.9 crore.

Shares of MTAR Technologies gained over 6% following the latest order win and were trading at ₹8,275.50. The stock is now up nearly 246% year-to-date and has gained close to 398% over the last one year.