MTAR Technologies posts strong FY25 financials, targets further growth

MTAR Technologies Limited reported robust growth for financial year 2024-25, with total revenues reaching Rs. 6760 million and EBITDA at Rs. 1207 million, representing a 16% year-over-year increase in revenue and 8% in EBITDA. This growth was largely propelled by new product orders in clean energy and aerospace segments, contributing approximately Rs. 2000 million. The company is actively diversifying its customer base and expanding into new verticals such as oil and gas and battery storage systems. First articles in the oil and gas sector are due by end of FY26, and a prototype enclosure has already been delivered for battery storage systems.

The company projects 25% revenue growth for FY26, targeting EBITDA margins of around 21%, supported by supply chain optimization and operational efficiencies. In space and defense, MTAR anticipates 80% growth in FY26, with key projects for ISRO, DRDO, and MNC aerospace companies. Further investments of approximately Rs. 1000 million in FY26 and FY27 are planned for the oil and gas segment and to increase capacity across all units, ensuring continued strong performance and market presence.