MTAR Technologies Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

Net profit of MTAR Technologies rose 52.73% to Rs 15.96 crore in the quarter ended December 2024 as against Rs 10.45 crore during the previous quarter ended December 2023. Sales rose 45.57% to Rs 172.32 crore in the quarter ended December 2024 as against Rs 118.38 crore during the previous quarter ended December 2023.

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MTAR Technologies has secured orders worth Rs. 200 crore in Clean Energy – Fuel Cells, Civil Nuclear Power, MNC Aerospace and Space verticals.

Out of the above orders Rs. 157.4 crore of orders are from Bloom Energy in Clean Energy – Fuel cells division, Rs. 2.7 crore of orders are for first articles from Fluence in Clean Energy – Energy Storage systems, Rs. 22.0 crore of orders are from Clean Energy - Civil Nuclear Power and Rs. 17.9 crore orders are from Space including orders from ISRO and MNC Aerospace customers. Majority of the orders will get executed by end of FY 26.

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MTAR Technologies will hold a meeting of the Board of Directors of the Company on 10 February 2025.

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This includes Rs 191 crore of orders for various products from Bloom Energy in clean energy sector and Rs 35 crore of orders from reputed customers in aerospace including Rafael, IMI Systems, and IAI.

The order value reflects the company’s increasing market share in Clean Energy and Aerospace sectors,” MTAR Tech said in a statement.

Furthermore, the company expects that orders worth Rs 225 crore would be executed within one year and balance orders shall be executed by April 2026.

Parvat Srinivas Reddy, managing director & promoter, MTAR Technologies, said: We are optimistic about growth in clean energy and aerospace verticals. The company is expecting significant orders in both the segments going forward.”

MTAR Technologies is a leading manufacturer engaged in manufacturing and development of mission critical precision engineered systems catering to clean energy – civil nuclear power, fuel cells, hydel & others, space, and defence sectors. The company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs. It has seven strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana.

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