MTAR Technologies (MTARTECH) Q3 25/26 earnings summary

Executive summary

• Q3 FY 2026 revenue reached INR 278 crore, a 59% year-over-year increase, with EBITDA at INR 64 crore, up 92.5% year-over-year, marking the highest quarterly revenue to date.

• Strong order inflow of INR 1,368.8 crore in Q3 FY26, with a diversified order book of INR 2,394.9 crore as of December 31, 2025, spanning clean energy, aerospace & defence, and other sectors.

• Added new customers in clean energy, aerospace, and oil & gas, with batch production commenced for major aerospace clients, expected to drive future revenue.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

• Board approved the resignation of the Company Secretary and Compliance Officer, and the appointment of a new one effective February 2, 2026.

Financial highlights

• Q3 FY 2026 revenue: INR 278 crore (up from INR 174.5 crore in Q3 FY 2025, +59.3% YoY); 9MFY26 revenue up 15.7% to INR 570.1 crore.

• Q3 FY 2026 EBITDA: INR 64 crore (up from INR 33.3 crore, +92.5% YoY), margin at 23.0%; 9MFY26 EBITDA up 26.2% to INR 109.4 crore.

• Q3 FY 2026 PAT surged 117.3% year-over-year to INR 34.7 crore; 9MFY26 PAT up 27.0% to INR 49.7 crore.

• Standalone net profit for Q3 FY26 was INR 351.68 million, compared to INR 163.31 million in Q3 FY25.

• One-time exceptional item of INR 37.67 million recognized due to new Labour Codes.

Outlook and guidance

• FY 2026 revenue guidance maintained at over INR 900 crore, with 30-35% growth expected.

• FY 2027 revenue expected to grow by 50% year-over-year, with further margin improvement anticipated.

• Revenue growth expected from new customer additions and ramp-up in aerospace segment, with clean energy and defence sectors remaining key contributors.

• Margins expected to improve due to operating leverage and favorable product mix; EBITDA margin guidance at 21% ±1% for FY 2026, with higher margins in FY 2027.

• Board approved a merger scheme for two wholly owned subsidiaries, with regulatory filings in process.