Shares of MTAR Technologies Ltd rallied 4% on 14 May after the company announced securing an order worth Rs 34 crore from foreign companies in the renewable energy and aerospace sectors.

The clean energy division received an order worth Rs 21 crore from Bloom Energy Corporation, while the aerospace segment secured a Rs 12.98 crore order from Rafael Advanced Defence Systems Ltd.

The first order must be finished by September, and the latter by March 2026.

MTAR Technologies saw a 52.9% increase in net profit to Rs 15.9 crore in the December quarter of FY25, compared to Rs 10.4 crore in the same period of the previous year.

The company’s revenue increased 47.3% to Rs 174.4 crore from Rs 118.4 crore the previous year.  In terms of operations, earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 38.5% to Rs 33.1 crore from Rs 23.9 crore the previous year. However, its EBITDA margin fell to 19% from 20.2%.

MTAR Technologies, a major player in India’s defence and strategic industries, focuses on precision engineering for essential applications.

At 11:47 am, the shares of MTAR Tech were trading 2.77% higher at Rs 1,535.30 on NSE.

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