MTAR Tech Shares Extended Gains For 2nd Straight Day: Rose Another 6%

On December 20, 2024, MTAR Tech shares rose by 6%, extending the previous day’s 5% gain after the company announced securing multiple orders valued at ₹226 crore. MTAR Technologies shares opened at ₹1,690.10 and touched the day high of ₹1,718.50 at 10:10 AM.

MTAR Secured Multiple Orders Worth ₹226 Crore

• The largest order, valued at ₹190.9 crore, is from Bloom Energy Corporation, a key client responsible for nearly two-thirds of MTAR Tech’s revenue. This order, which is part of the company’s regular business with Bloom Energy, needs to be executed by October 2025.
• IAI Ltd: MTAR Tech also secured an order from IAI Ltd., following the signing of a 15-year long-term agreement with the company. This order, worth ₹15.31 crore, involves supplying mission-critical assemblies for the aviation sector and must be completed by December 2025.
• The third order, valued at ₹7.99 crore, is from Rafael Advanced Defence Systems Ltd., with an execution deadline of April 2026.
• The fourth order, worth ₹11.74 crore, comes from IMI Systems Ltd., with a completion deadline of April 2025.

MTAR Technologies Q2 FY25 Results

MTAR Technologies reported a revenue from operations of ₹190.2 crore in Q2FY25, marking a 14% year-on-year increase compared to ₹166.8 crore in Q2FY24. The company’s EBITDA stood at ₹36.8 crore, reflecting a modest 2% growth from ₹36.1 crore in the same quarter last year. However, Profit Before Tax (PBT) declined by 1.5% YoY, reaching ₹25.3 crore in Q2FY25, down from ₹25.7 crore in Q2FY24. Similarly, Profit After Tax (PAT) saw an 8.2% decrease, standing at ₹18.8 crore in Q2FY25, compared to ₹20.5 crore in Q2FY24.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.