Rs 930.21 crore order book: Defence & space company receives order worth Rs 386.06 crore from Bloom Energy Corporation
DSIJ Intelligence-1 / 10 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 29 per cent from its 52-week low of Rs 1,152 per share.
MTAR Technologies Ltd. has secured significant new orders from Bloom Energy Corporation, an international entity, in the clean energy sector. The orders are valued at a total of Rs 386.06 crores (approximately USD 43.87 million) and represent a continuation of the regular business between the two companies. These orders from an existing customer highlight MTAR's ongoing role in the clean energy-fuel cells segment.
The execution of these orders is split into two phases. Orders worth Rs 204.86 crores (USD 23.28 million) are scheduled for completion by the end of March 2026. The remaining orders, valued at Rs 181.20 crores (USD 20.59 million), are to be executed by the end of June 2026. This phased timeline for delivery provides a clear schedule for the completion of the contracts.
About the Company
MTAR Technologies Ltd has nine strategically based manufacturing units, including an export-oriented unit, each based in Hyderabad, Telangana. MTAR caters to Clean Energy – Civil Nuclear Power, Fuel cells, Hydel & others, Space and Defence sectors. The Company has a long-standing relationship of over four decades with leading Indian organisations and global OEMs.
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MTAR Technologies Ltd announced robust, unaudited consolidated financial results for the first quarter ended June 30, 2025. The company reported a significant 22.1 per cent year-over-year growth in revenue from operations, reaching Rs 156.6 crore in Q1 FY26 compared to Rs 128.3 crore in Q1 FY25. This strong top-line performance was coupled with an impressive 70.9 per cent year-over-year increase in EBITDA, which stood at Rs 28.4 crore in Q1 FY26, up from Rs 16.6 crore in Q1 FY25. The company also saw substantial growth in profitability, with Profit Before Tax surging by 138.7 per cent to Rs 14.8 crore and Profit After Tax increasing by 144.2 per cent to Rs 10.8 crore.
The company boasts a market capitalisation of over Rs 4,500 crore and a substantial order book of Rs 930.21 crore as of June 30, 2025. MTAR has demonstrated a steady growth trajectory, with a median sales growth of 16.5 per cent over the past 10 years. The stock is up by 29 per cent from its 52-week low of Rs 1,152 per share.
Disclaimer: The article is for informational purposes only and not investment advice.