Shares of MTAR Technologies Ltd surged 3.22% to ₹1,716.80 in Thursday’s early trade after the company reported a strong operational performance for the March quarter despite missing some full-year targets.
For Q4 FY25, MTAR Tech’s revenue jumped 28% year-on-year, while EBITDA nearly doubled and operating margins expanded by 600 basis points. Net profit also nearly tripled from the year-ago period, driven largely by a robust export performance, which accounted for 80% of the quarterly revenue.
However, on a full-year basis, revenue rose 16.4% YoY to ₹676 crore—falling short of the company’s guidance of ₹725 crore. EBITDA grew 7.2% to ₹120.9 crore, but margins dropped to 17.9% from 19.4%, also below the guided 21%.
Looking ahead, MTAR Technologies said it expects a sequential margin improvement as prototype production scales up. The company has started batch production for GKN Aerospace, Rafael, Elbit Systems, and Thales, which are expected to fuel topline growth in FY26.
The order book at the end of March stood at ₹979.4 crore, below the company’s projection of ₹1,500 crore.
MTAR Tech shares were trading at ₹1,716.80 with a market capitalization of ₹52.14 billion and a P/E ratio of 118.44.
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