$MTARTECH

MTAR Technologies delivered a strong June-quarter performance, with net profit rising nearly fivefold year-on-year on the back of robust revenue growth and better operating margins. On July 30 at 9:35 am, the stock was trading almost 5% higher at Rs 5,441 per share. The company reported a net profit of Rs 50.2 crore in Q1FY27, up from Rs 10.8 crore a year earlier. Revenue more than doubled to Rs 360 crore from Rs 157 crore in the same period last year, while EBITDA jumped to Rs 85 crore from Rs 28 crore. Operating performance improved as EBITDA margin expanded to 23.5% from 18.1%. Profit before tax rose to Rs 67.4 crore from Rs 14.8 crore, and total income increased to Rs 368.6 crore from Rs 157.2 crore. Finance costs also climbed to Rs 15.8 crore from Rs 5.8 crore, mainly because of higher borrowing costs. The results came a day after key client Bloom Energy posted quarterly earnings that beat Wall Street estimates and raised its full-year revenue guidance for the second consecutive quarter. Bloom reported earnings per share of $0.62, well above the expected $0.28, and lifted its revenue forecast to $3.9 billion-$4.2 billion from $3.4 billion-$3.8 billion. Bloom’s upbeat outlook was supported by rising demand for its fuel cell systems used in data centres. This is important for MTAR Technologies, which gets 55%-60% of its revenue from Bloom by supplying critical components, and nearly all of its Clean Energy-Fuel Cell order book is tied to the U.S. company.