MTAR Technologies Q1 FY27 Results: Revenue Up 130%, PAT Up 365%

MTAR Technologies Limited reported Q1 FY27 results for the quarter ended 30 June 2026 on 29 July 2026. Q1 FY27 numbers (consolidated): Revenue: Rs 360.71 crore, up 130.4% YoY from Rs 156.58 crore; up 17.9% QoQ EBITDA: Rs 85.1 crore, up 199.7% YoY; margin 23.6% vs 18.2% PAT: Rs 50.22 crore, up 364.5% YoY from Rs 10.8 crore Gross margin 45.6%, down from 54.2% YoY on mix Operating cash flow: Rs 247.69 crore Record Q1 order inflow of Rs 2,895.1 crore took the book to Rs 5,143 crore as of 30 June 2026, including the Rs 504 crore Kaiga 5 and 6 civil nuclear order. In August, an existing export order was revised up to $324.6 million. Management maintained FY27 guidance of 80% revenue growth with 22 to 24% EBITDA margin. Next event: analyst meet on 21 August. MTAR Technologies [$MTARTECH][***** shares closed at Rs 7,059.36 (18 Aug 2026), up 24 percent over the past month and 376 percent over one year, 18 percent below the 52-week high of Rs 8,574.23. Trailing P/E near 163. My view: the business is delivering, the price has already collected. Even annualising Q1 profit, the stock trades near 108x run rate after a 376 percent year. The Rs 5,143 crore book, more than three times guided FY27 revenue, is real visibility, but the market has pre-paid for it. Fresh entry at Rs 7,059 is momentum riding, not valuation investing, and must be sized and stopped like a trade. Holders stay with a trail; fresh money waits for a time correction or for earnings to catch up. Levels: Rs 5,450 to 5,900 is the August base that must hold, Rs 8,574 is the ceiling to clear for new highs. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.