MTAR Tech Shares Extend Gains on Record Rs 775 Crore Nuclear Order Book

MTAR Technologies shares rose 3 percent, marking a second consecutive session of gains, following the announcement of a record-breaking order book and robust first-quarter financial results. The Indian engineering firm’s stock has now surged nearly 200 percent year-to-date and 385 percent over the past year, reflecting strong investor confidence in its expanding market footprint.

The company reported a 364.5 percent year-on-year jump in first-quarter net profit to 50.2 crore rupees, up from 10.8 crore rupees in the same period last year. Revenue from operations more than doubled, surging 130.4 percent to 360.7 crore rupees. Meanwhile, earnings before interest, taxes, depreciation and amortization nearly tripled to 85.1 crore rupees, and profit before tax jumped 355 percent to 67.4 crore rupees.

A primary catalyst for this financial momentum is the company’s deepening presence in the civil nuclear power segment, where it supplies critical fuel handling assemblies for reactor cores. Management confirmed that the closing nuclear order book now exceeds 775 crore rupees, representing the highest level in the company’s history.

This backlog includes a recently secured, landmark order valued at 504 crore rupees specifically for the Kaiga 5 and 6 projects. This single contract significantly improves the company’s medium-term order visibility. It also underscores the accelerating capital expenditure in India’s broader nuclear energy infrastructure.

Looking ahead, MTAR Tech has issued an aggressive guidance for the current financial year, projecting 80 percent revenue growth. The company also expects to maintain an EBITDA margin of 24 percent, plus or minus 100 basis points, as it scales its manufacturing platform.

Managing Director Parvat Srinivas Reddy noted that the latest quarterly performance aligns perfectly with this forward-looking growth trajectory. He stated that the business has reached an inflection point, with each key vertical well positioned to enter its next phase of expansion.

Beyond near-term financial targets, the firm is actively working to build a more diversified and resilient operational model. This strategy involves expanding its product portfolio, capturing a larger wallet share from existing clients, and broadening its global customer base to mitigate regional market risks.