MTAR Technologies Q2 FY27 Revenue at ₹406.8 Cr, EBITDA Grows 483.3% YoY
MTAR Technologies reported Q2 FY27 revenue of ₹406.8 crore, a 200% YoY increase. EBITDA surged 483.3% to ₹99.2 crore, and PAT grew 1309.5% to ₹59.8 crore. The company expects H2 FY27 to be stronger than H1. Capex of ₹500 crore is planned for FY27, funded by 75% debt and 25% internal accruals. New verticals like data centers and oil & gas are progressing.
The announcement includes robust financial performance with significant year-on-year growth, strategic updates on key growth sectors (civil nuclear, aerospace, data centers, oil & gas), and details on capex plans, all of which are material to investors.
The company reported strong year-on-year growth in revenue and profits, with significant improvements in EBITDA and PAT. Management expressed confidence in future performance and highlighted progress in new business verticals and capacity expansions.
MTAR Technologies Limited announced its financial results for the second quarter and first half of FY27. The company reported a record quarterly revenue of ₹406.8 crore, with an EBITDA margin of 24.4% and a year-on-year EBITDA growth of 483.3%. The management expressed confidence in sustaining this growth momentum into the second half of FY27, anticipating it to be stronger than H1, supported by a robust order book and execution focus.
The company highlighted its strategic positioning in high-growth sectors. In the civil nuclear segment, it has a closing order book of ₹820 crore and is actively quoting for upcoming programs. The fuel cell sector is seeing Phase 2 capacity expansion nearing completion, with Phase 3 expected by June 2028. The aerospace and defense business is experiencing robust demand, with MNC Aerospace expected to contribute over ₹150 crore revenue this fiscal year. New verticals like data center infrastructure solutions are progressing, with the facility expected to be operational by end of March 2027 and potential to scale up to ₹350-450 crore over the next two years. The oil and gas segment's manufacturing facility is slated for completion by end of November.
Financially, the company reported a revenue of ₹406.8 crore for Q2 FY27, a 200% increase year-on-year. EBITDA grew by 483.3% to ₹99.2 crore, and Profit After Tax (PAT) rose by 1309.5% to ₹59.8 crore. Quarter-on-quarter, revenue grew by 12.8%, and PAT by 19.1%. Gross margins improved to 46.8%, and PAT margin stood at 14.7%. Working capital days reduced significantly to 50 days as of September 2026, with a target to maintain around 100 days by end of FY27. The company's total debt is ₹465 crore. A total capex of approximately ₹500 crore is planned for FY27, funded 75% by debt and 25% by internal accruals.
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