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What is the story about?
MTAR Technologies Ltd. has received an additional order worth ₹310 crore from Megha Engineering & Infrastructures Ltd. for the supply of equipment to India’s civil nuclear power sector, the company announced on Thursday, December 18. The stock though, trades with losses of over 3%.
In an exchange filing, the company said the order is for various equipment required for the Kaiga Units 5 and 6 nuclear reactors. Deliveries will be made in a staggered manner up to February 2030.
The latest order is in continuation of an earlier disclosure made
on December 6
. With this, MTAR’s total order inflow for the Kaiga 5 and 6 reactors this month has risen to ₹504 crore, including the earlier ₹194 crore contract, Parvat Srinivas Reddy, Managing Director of MTAR said.
Commenting on the development, Reddy said the company expects strong growth in the nuclear power segment, supported by a "robust" order book and "favourable" industry outlook.
MTAR Technologies operates in high-precision engineering segments catering to civil nuclear power, clean energy, space and defence. Orders in the nuclear segment are typically long-gestation projects and provide multi-year revenue visibility.
The Hyderabad-based company raised FY26 revenue growth guidance to 30-35% from 25% in November, as it reported a revenue of ₹135 crore, margin of 12.6% and profit after tax at ₹4.2 crore in the September quarter.
Reddy claimed that the second half of FY26, "would be almost like twice of revenue as a first half." He added, "we would maintain our margins at 21% plus minus 100 basis points.”
Shares of MTAR Tech are off the highs of the day, currently trading 3.1% lower at ₹2,247.2. The stock is down 13% in the last one month.
In an exchange filing, the company said the order is for various equipment required for the Kaiga Units 5 and 6 nuclear reactors. Deliveries will be made in a staggered manner up to February 2030.
The latest order is in continuation of an earlier disclosure made
Commenting on the development, Reddy said the company expects strong growth in the nuclear power segment, supported by a "robust" order book and "favourable" industry outlook.
MTAR Technologies operates in high-precision engineering segments catering to civil nuclear power, clean energy, space and defence. Orders in the nuclear segment are typically long-gestation projects and provide multi-year revenue visibility.
The Hyderabad-based company raised FY26 revenue growth guidance to 30-35% from 25% in November, as it reported a revenue of ₹135 crore, margin of 12.6% and profit after tax at ₹4.2 crore in the September quarter.
Reddy claimed that the second half of FY26, "would be almost like twice of revenue as a first half." He added, "we would maintain our margins at 21% plus minus 100 basis points.”
Shares of MTAR Tech are off the highs of the day, currently trading 3.1% lower at ₹2,247.2. The stock is down 13% in the last one month.
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