MTAR Technologies Ltd

The stock had fallen 15.55% over the previous two trading sessions, including an 11.41% decline on Thursday, amid concerns that the proposed project had been paused following reports that Crusoe was no longer involved in its development. The concerns stemmed from MTAR's close relationship with Bloom Energy, a leading provider of solid oxide fuel-cell systems. MTAR manufactures and supplies critical hot box assemblies used in Bloom Energy's fuel-cell platforms. The Wyoming project, a planned 1.8-gigawatt AI-focused data centre campus, had attracted attention because part of its power requirements were expected to be met using Bloom Energy's fuel-cell technology. Investors feared that any delay or cancellation of the project could affect Bloom Energy's future deployment pipeline and, consequently, demand for components supplied by MTAR. However, Black Hills Corporation clarified that the project continues to progress as planned and remains on track for service commencement in early 2028. The company clarified that while Crusoe is no longer the development partner, it is working directly with the prospective hyperscaler customer to advance the project. Black Hills also said its Wyoming utility subsidiary has already entered into agreements related to generation equipment procurement and substation infrastructure. The prospective customer has provided more than $200 million in refundable contributions toward construction milestones and equipment procurement. The clarification helped ease concerns surrounding the future of the data centre project and the associated demand outlook for Bloom Energy's fuel-cell systems, which are supplied with key components manufactured by MTAR Technologies. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Its consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Powered by Capital Market - Live

Thomas Cook (India) Ltd, Easy Trip Planners Ltd, Cemindia Projects Ltd and HFCL Ltd are among the other losers in the BSE's 'A' group today, 11 June 2026.MTAR Technologies Ltd tumbled 12.61% to Rs 6210.6 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.03 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month.Thomas Cook (India) Ltd crashed 6.07% to Rs 108.1. The stock was the second biggest loser in 'A' group.On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 3.97 lakh shares in the past one month.Easy Trip Planners Ltd lost 5.43% to Rs 8.36. The stock was the third biggest loser in 'A' group.On the BSE, 52.7 lakh shares were traded on the counter so far as against the average daily volumes of 59.02 lakh shares in the past one month.Cemindia Projects Ltd slipped 5.00% to Rs 1176.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 79233 shares were traded on the counter so far as against the average daily volumes of 50932 shares in the past one month.HFCL Ltd pared 4.76% to Rs 161.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 30.18 lakh shares were traded on the counter so far as against the average daily volumes of 29.61 lakh shares in the past one month.Powered by Capital Market - Live

Project Jade was unveiled in 2025 as a 1.8 GW AI-focused data centre campus, with plans to potentially scale up to 10 GW, making it one of the world's largest proposed AI infrastructure projects. The development was being undertaken by Crusoe in partnership with Blackstone-backed energy infrastructure company Tallgrass. The project had attracted attention for its planned use of fuel-cell-based power generation, with a portion of the campus expected to be powered by systems supplied by Bloom Energy, a leading provider of solid oxide fuel cell technology. The development is seen as a negative for MTAR Technologies, which is a key supplier to Bloom Energy. MTAR manufactures and supplies solid oxide fuel cell hot box assemblies used in Bloom Energy's fuel cell systems and has maintained a long-standing relationship with the US company. Traders fear that any delay in Bloom Energy's fuel cell deployment pipeline could affect MTAR's order inflows and revenue visibility. MTAR Technologies derives a significant portion of its clean energy business from Bloom Energy. It has repeatedly highlighted the fuel cell segment as a key growth area alongside its aerospace, defence and nuclear businesses. Shares of MTAR Technologies have declined 16.32% over the past two trading sessions. Despite the recent correction, the stock remains up 73.84% in the last three months and has surged 159.70% so far in 2026. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Its consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Powered by Capital Market - Live

MTAR Technologies has received a purchase order valued at USD 48.68 million (approx. Rs 467.30 crore)

In an exchange filing, the company said the orders were received from an international customer, whose identity was not disclosed due to confidentiality obligations. The orders are in continuation of regular business from the existing customer and are in the nature of blanket purchase orders. The execution timeline will be decided at a later stage, the company said. The stock has rallied 15.39% over the two sessions after the company on 12 May 2026 reported strong Q4 FY26 earnings supported by robust order inflows. Consolidated net profit jumped to Rs 44.3 crore in Q4 FY26, up 223.4% YoY from Rs 13.7 crore and higher by 27.7% QoQ from Rs 34.7 crore. Revenue from operations rose 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the year-ago quarter. On a sequential basis, revenue increased 10.1% from Rs 278 crore. Gross profit stood at Rs 135.4 crore in Q4 FY26, up 41.5% YoY from Rs 95.7 crore. Gross margin, however, contracted 810 basis points to 44.2% from 52.3% a year earlier. EBITDA stood at Rs 61.8 crore in Q4 FY26, up 80.9% YoY from Rs 34.2 crore. Sequentially, EBITDA declined 3.5% from Rs 64 crore. EBITDA margin improved 150 basis points YoY to 20.2% from 18.7% in Q4 FY25, but declined 280 basis points QoQ from 23%. The company received record order inflows of Rs 2,453.3 crore during FY26, including Rs 481.6 crore in Q4 FY26. Its order book stood at Rs 2,581.9 crore as on 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Parvat Srinivas Reddy, managing director and promoter of MTAR Technologies, said the company expects strong order inflows in FY27 across key business verticals and anticipates sequential margin improvement in the coming quarters due to higher operating leverage and a favourable product mix. MTAR Technologies manufactures precision-engineered systems and components for clean energy, civil nuclear power, fuel cells, hydel, aerospace and defence sectors. Powered by Capital Market - Live

MTAR Technologies has received a purchase order valued at USD 238.76 million at an exchange rate of Rs 95.50 (Rs 2,278.96 crore).

Consolidated profit after tax stood at Rs 44.3 crore in Q4 FY26, up 223.4% from Rs 13.7 crore in Q4 FY25 and rose 27.7% from Rs 34.7 crore in Q3 FY26. Revenue from operations increased 67.2% YoY to Rs 306.1 crore in Q4 FY26 from Rs 183.1 crore in the corresponding quarter last year. Revenue rose 10.1% sequentially from Rs 278 crore in Q3 FY26. Gross profit increased 41.5% YoY to Rs 135.4 crore from Rs 95.7 crore in Q4 FY25. However, gross margin contracted 810 bps to 44.2% from 52.3% a year ago. EBITDA stood at Rs 61.8 crore in Q4 FY26, up 80.9% from Rs 34.2 crore in Q4 FY25. Sequentially, EBITDA declined 3.5% from Rs 64 crore in Q3 FY26. EBITDA margin expanded 150 bps YoY to 20.2% from 18.7% in Q4 FY25. However, it declined 280 bps sequentially from 23% in Q3 FY26. Profit before tax stood at Rs 59.5 crore in Q4 FY26, up 219.9% from Rs 18.6 crore in Q4 FY25 and increased 29.1% from Rs 46.1 crore in Q3 FY26. On the cost front, employee benefit expenses increased 24.6% YoY to Rs 43 crore in Q4 FY26 from Rs 34.5 crore in Q4 FY25. Other expenses rose 13.3% to Rs 30.6 crore from Rs 27 crore. Finance costs increased 62.7% YoY to Rs 9.6 crore from Rs 5.9 crore, while depreciation and amortisation expense declined 6.3% to Rs 9 crore from Rs 9.6 crore. For FY26, revenue from operations rose 29.6% YoY to Rs 876.2 crore from Rs 676 crore in FY25. Full-year EBITDA increased 41.7% to Rs 171.2 crore from Rs 120.9 crore, while profit before tax rose 74.9% to Rs 126.1 crore from Rs 72.1 crore. Profit after tax surged 76.2% to Rs 94 crore from Rs 53.4 crore. FY26 EBITDA margin expanded to 19.5% from 17.9% in FY25. Net cash from operating activities increased to Rs 196.9 crore in FY26 from Rs 101.3 crore in FY25. The company received record order inflows of Rs 2,453.3 crore during FY26, including orders worth Rs 481.6 crore secured in Q4 FY26. Order book stood at Rs 2,581.9 crore as of 31 March 2026. Of the total order book, 51.2% came from clean energy-fuel cell, hydel and other businesses, while clean energy-civil nuclear power contributed 26.3% and aerospace and defence accounted for 14%. Parvat Srinivas Reddy, managing director and promoter of MTAR Technologies, said the company expects strong order inflows in FY27 across key business verticals and anticipates sequential margin improvement over the coming quarters due to higher operating leverage and favourable product mix. MTAR Technologies manufactures precision-engineered systems and components for clean energy ' civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors. Powered by Capital Market - Live

Net profit of MTAR Technologies rose 222.74% to Rs 44.28 crore in the quarter ended March 2026 as against Rs 13.72 crore during the previous quarter ended March 2025. Sales rose 68.98% to Rs 302.88 crore in the quarter ended March 2026 as against Rs 179.24 crore during the previous quarter ended March 2025. For the full year,net profit rose 77.78% to Rs 94.03 crore in the year ended March 2026 as against Rs 52.89 crore during the previous year ended March 2025. Sales rose 30.20% to Rs 865.40 crore in the year ended March 2026 as against Rs 664.65 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales302.88179.24 69 865.40664.65 30 OPM %20.4019.05 -19.7818.18 - PBDT68.5828.24 143 164.94103.81 59 PBT59.5418.62 220 129.9271.57 82 NP44.2813.72 223 94.0352.89 78 Powered by Capital Market - Live

MTAR Technologies will hold a meeting of the Board of Directors of the Company on 12 May 2026.

Bloom Energy's shares surged 26% on the NYSE after the company posted adjusted earnings of 44 cents per share, well above estimates. Revenue rose 130% to $751 million, significantly beating expectations. The company also raised its full-year guidance. It now expects revenue in the range of $3.4 billion to $3.8 billion, compared to its earlier outlook of $3.1 billion to $3.3 billion. Adjusted earnings are projected at $1.85 to $2.25 per share, higher than the previous forecast of $1.33 to $1.48. MTAR Technologies is a key strategic supplier to Bloom Energy, with a significant portion of its revenue linked to the US company. It manufactures critical assemblies used in Bloom's solid oxide fuel cell systems. As Bloom scales up production and deployment, demand for MTAR's components is expected to rise, strengthening its order pipeline. In its last concall, managing director Srinivas Reddy indicated that the company expects revenue growth of 30% to 35% in FY26, with revenue likely to exceed Rs 900 crore. For FY27, the company is targeting around 50% revenue growth, supported by strong demand visibility. He added that margins are expected to remain around 21% with a variation of 100 basis points, with potential for further improvement in the next financial year. MTAR Technologies is a leading manufacturer engaged in the manufacturing and development of mission-critical precision-engineered systems catering to clean energy ' civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors. It has nine strategically based manufacturing units including an export-oriented unit each based in Hyderabad, Telangana. On a consolidated basis, net profit jumped 117.3% YoY to Rs 34.7 crore in Q3 FY26, compared with Rs 16.0 crore in Q3 FY25. Sequentially, profit after tax surged 717.2% from Rs 4.2 crore in Q2 FY26. Revenue from operations rose 59.3% YoY to Rs 278.0 crore in Q3 FY26, up from Rs 174.5 crore a year ago. On a quarter-on-quarter basis, revenue more than doubled, rising 105.0% QoQ from Rs 135.6 crore in Q2 FY26. Powered by Capital Market - Live