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In an exchange filing on Friday, December 20, the management said that the company has won orders for the supply of various products in clean energy and aerospace sectors.
One of the orders is from Bloom Energy Corporation, which contributes to nearly two-thirds of the company’s revenue. It is in continuation of regular business and is valued at ₹190.9 crore. This order needs to be executed by October 2025.
The second order comes from IAI Ltd. for the supply of mission critical assemblies in the aviation sector. This is the first order that MTAR Tech has received from IAI Ltd. after signing a long-term, 15-year agreement with the company.
The order from IAI Ltd. is worth ₹15.31 crore and needs to be executed by December 2025.
MTAR Tech’s third order of the day came from Rafael Advanced Defence Systems Ltd., which is worth ₹7.99 crore and needs to be executed by April 2026.
The fourth and final orde for MTAR Tech came from IMI Systems Ltd. This ₹11.74 crore order needs to be executed by April 2025.
It said that MTAR Tech will deliver a revenue, EBITDA and adjusted Profit After Tax Compounded Annual Growth Rate (CAGR) of 28%, 42% and 58% respectively over financial year 2024-2027.
Shares of MTAR Tech ended 5% higher on Thursday at ₹1,632. The stock is still down over 25% from its recent peak of ₹2,351.
