MTAR Technologies shares locked at the upper circuit for the fourth straight day following a record order book of Rs 5,143.3 crore. The company reported a 130.4% jump in Q1 FY27 revenue, driven by strong inflows from nuclear, aerospace, and data center clients.
MTAR Technologies continues to see strong market activity, with its stock hitting the upper circuit for the fourth consecutive session on Tuesday. This movement follows the company's Q1 FY27 financial results, which showed a significant increase in profitability and revenue compared to the same period last year. For the quarter ended June 30, 2026, the company reported revenue of Rs 360.7 crore, up 130.4% year-on-year, while net profit rose to Rs 50.2 crore, marking a 364.5% increase. The company's operating profit, or EBITDA, reached Rs 85.1 crore, reflecting a 199.7% growth.
Record Order Inflow and Strategic Diversification
A primary driver of recent investor interest is the company's record order backlog, which reached Rs 5,143.3 crore as of June 30, 2026. This includes Rs 2,895.1 crore of new orders secured in the first quarter alone, the highest single-quarter intake in its history. Key wins include a Rs 504 crore contract for the Kaiga 5 and 6 civil nuclear power project and a Rs 45 crore contract from SLB for data center infrastructure. The company also reported increased volume requirements from aerospace clients like Thales and GKN Aerospace.
Operational Improvements and Future Outlook
Beyond revenue growth, the company has shown signs of improved capital efficiency. Net working capital days fell to 59 in Q1 FY27 from 172 in the preceding quarter, indicating faster movement of inventory and collection of payments. Looking ahead, management has provided guidance for approximately 80% revenue growth for FY27, with an EBITDA margin target of 24%. The company is actively focusing on scaling its operations in the nuclear, defense, and green energy sectors.
Data Center Market Positioning
Investor attention is also directed toward the company’s relationship with Bloom Energy, a US-based provider of fuel cell solutions used in AI data centers. Bloom Energy is currently associated with plans for a 1.8 GW data center project in Cheyenne, Wyoming. As the demand for power-intensive AI data centers grows globally, MTAR’s role as a supplier in this supply chain is a factor that market participants are monitoring. While the company's growth outlook appears robust, investors should track the execution of these large-scale orders and monitor whether the company can maintain these elevated profit margins amidst the scale-up of new projects in the coming quarters.