The clean energy sector’s order is from Bloom Energy Corporation for ₹21 crore while the aerospace order is from Rafael Advanced Defense Systems Ltd for ₹12.98 crore.
The first order has to be completed by September, while the latter has to be executed by March 2026.
MTAR Technologies reported a 52.9% jump in net profit to ₹15.9 crore for the December quarter of FY25, compared to ₹10.4 crore in the same period last year.
The company’s revenue surged 47.3% to ₹174.4 crore from ₹118.4 crore in the previous year. On the operational front, its earnings before interest taxes depreciation and amortisation (EBITDA) rose 38.5% to ₹33.1 crore, compared to ₹23.9 crore a year ago. However, its EBITDA margin slipped to 19% from 20.2%.
MTAR Technologies, a key player in India’s defence and strategic sectors, specialises in precision engineering for critical applications.
MTAR Tech shares were up 3.09% at ₹1,540 apiece at 9.20 am. The stock has gained 11.6% in the past month.
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