Whalesbook
MTAR Technologies' consolidated revenue from operations reached ₹306.1 crore in the fourth quarter of FY26, a 67.2% increase year-over-year from ₹183.1 crore in Q4FY25. EBITDA also rose 80.9% to ₹61.8 crore, while profit before tax surged 219.4% to ₹59.5 crore. This led to a profit after tax (PAT) of ₹44.3 crore, up 222.3% from ₹13.7 crore in the same quarter last year.
Financial Highlights
Sequentially, revenue grew 10.1% from ₹278 crore in Q3FY26. PAT also saw strong growth, rising 27.7% to ₹44.3 crore compared to ₹34.7 crore in the prior quarter.
Annual Performance
For the full fiscal year ended March 31, 2026, MTAR Technologies reported consolidated revenue of ₹876.2 crore, a 29.6% year-over-year increase. EBITDA grew 41.7% to ₹171.2 crore, and PAT rose 76.2% to ₹94 crore, up from ₹53.4 crore in FY25.
Corporate Actions and Provisions
The board also approved the appointment of M/s Sagar & Associates as Cost Auditors and M/s Seshachalam & Co. as Internal Auditors for three financial years (FY27-FY29). Additionally, a merger scheme has been filed to amalgamate wholly owned subsidiaries Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited with MTAR Technologies. The implementation of new Labour Codes led to a one-time employee benefit provision of ₹3.77 crore, recognized as an exceptional item in FY26.
Management Outlook
Parvat Srinivas Reddy, Managing Director of MTAR Technologies, called FY26 a "phenomenal year" marked by strong revenue growth and record order inflows. The company continues to focus on high-growth sectors and expects robust order inflows in FY27 across its key business verticals, driven by its execution capabilities, expanding capacities, and positive industry trends.