MTARTECH

1. Blockbuster Q3 FY26 Results (Record Performance) MTAR Technologies reported its highest-ever quarterly revenue and strong profitability for the quarter ended December 31, 2025. Revenue: ₹278 Crore, a massive surge of 59.3% YoY. Net Profit: ₹34.7 Crore, jumping 117% YoY (more than doubled from ₹16 Crore in Q3 FY25). EBITDA: ₹64 Crore, up 92.5% YoY. Margins: EBITDA margin improved to 23%, driven by operating leverage, despite a one-time impact from increased labor costs. 2. Order Book & Strategic Wins Total Order Book: Stands at a robust ₹2,395 Crore as of Dec 31, 2025. New Inflows: The company secured ₹1,368 Crore in fresh orders during Q3 alone. Key Segments: Nuclear: Significant orders worth ~₹500 Crore received for the Kaiga Units 5 & 6 projects. Clean Energy (Fuel Cells): This segment is seeing aggressive expansion. MTAR is increasing capacity for Bloom Energy hot boxes from 8,000 units to 30,000 units by FY27 to cater to the rising power demand from AI Data Centers.