MTAR Technologies reported a stellar Q2 FY27, with revenue surging 200% YoY to Rs 406.8 crore and profit climbing to Rs 59.8 crore. The company maintains a robust order book of nearly Rs 6,000 crore, supported by new wins in nuclear projects and data centre infrastructure. Management has set an ambitious 80% revenue growth target for the fiscal year, with new manufacturing capacity expansions set to commission in the coming months.
MTAR Technologies Reports Massive Q2 Growth
Revenue reached Rs 406.8 Cr (up 200% YoY) and Profit After Tax hit Rs 59.8 Cr for Q2 FY27.
Reader Takeaway: Strong order book and expansion offer growth potential, but timely commissioning of new facilities remains critical.
What just happened
MTAR Technologies delivered a strong financial performance for the second quarter ending September 30, 2026. Revenue from operations saw a sharp increase to Rs 406.8 Cr compared to Rs 135.6 Cr in the year-ago period. Net profit surged significantly to Rs 59.8 Cr from Rs 4.2 Cr in Q2 FY26. The company’s half-yearly revenue has now reached Rs 767.5 Cr.
Why this matters
The growth reflects aggressive scaling in the precision engineering space. The company secured a Rs 504 Cr order for the Kaiga 5 & 6 nuclear projects and a Rs 45 Cr order for data centre infrastructure, bolstering its total order book to Rs 5,976.5 Cr. This backlog provides strong visibility for future revenue, especially within the Clean Energy segment which constitutes the majority of the current book.
What changes now
Capacity expansion is the primary driver of the current outlook. A greenfield facility for Oil & Gas and Clean Energy is slated for commissioning in November 2026, while Phase 3 expansion for fuel cells is expected by March 2027. Additionally, the company has leased a new facility specifically for data centre infrastructure solutions to capture emerging market demand.
Risks to watch
Execution remains the key variable. The company is under pressure to commission its new manufacturing facilities by the stated deadlines to meet its ambitious 80% annual revenue growth target. Investors should also monitor working capital management, as rapid scaling across diverse industrial sectors often impacts cash flow cycles.
What to track next
Watch for updates on the commissioning status of the November 2026 facility and any further inflows into the order book. The consistency of EBITDA margins, guided at 24% (±100 bps), will be a key performance indicator for the upcoming quarters.