The company did not disclose the customer’s name due to confidentiality. The order comes from a new customer in the energy sector and will be executed through staggered deliveries up to 4 December 2026. MTAR Technologies clarified that neither its promoter nor promoter group entities have any interest in the awarding company, and the contract does not qualify as a related-party transaction.
MTAR Technologies is a leading manufacturer engaged in the manufacturing and development of mission-critical precision-engineered systems catering to clean energy – civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors. It has nine strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana.
On a consolidated basis, net profit jumped 117.3% YoY to Rs 34.7 crore in Q3 FY26, compared with Rs 16.0 crore in Q3 FY25. Sequentially, profit after tax surged 717.2% from Rs 4.2 crore in Q2 FY26. Revenue from operations rose 59.3% YoY to Rs 278.0 crore in Q3 FY26, up from Rs 174.5 crore a year ago. On a quarter-on-quarter basis, revenue more than doubled, rising 105.0% QoQ from Rs 135.6 crore in Q2 FY26.