Shares of MTAR Technologies Ltd surged 5% to touch the day’s high of Rs 1,486.30 on 10th September after the company announced fresh international orders worth $43.87 million (Rs 386.06 crore) in the clean energy segment.

Of the total clean energy orders, projects worth $23.28 million (Rs 204.86 crore) will be executed by Q4 FY26. Meanwhile, $20.59 million (Rs 181.20 crore) will be delivered by Q1 FY27. The company also expects more business from the fuel cells segment in the coming years.

As of 30th June, 2025, MTAR Technologies’ order book stood at Rs 930.2 crore. Notably, clean energy (civil nuclear power) accounted for 16.6%, clean energy (fuel cell, hydel & others) at 47.6%. Additionally, aerospace & defence were at 30%, and products & others at 5.8%.

For the June quarter, MTAR reported strong growth. Net profit more than doubled year-over-year to Rs 14.8 crore. Revenue rose 22.3% to Rs 156.5 crore, and EBITDA jumped 72% to Rs 28.4 crore. Moreover, margins expanded by 500 basis points to 18%.

Looking ahead, the company has guided for 25% revenue growth and 21% margins in FY26. It also expressed confidence in meeting its full-year targets.

At 2:22 PM, the shares of MTAR Technologies were trading 4.13% higher at Rs 1,471 on NSE.

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