MTAR Tech Q3 profit up 2x; revenue jumps 57%; margins expand 300 bps

MTAR Technologies reported a strong performance in the December quarter, with profit and revenue rising sharply on the back of healthy execution across segments and operating leverage.

The company’s net profit more than doubled to ₹34.6 crore in Q3FY26 from ₹15.9 crore a year ago, while revenue grew 56.9% year-on-year to ₹273.7 crore. EBITDA surged 80.7% to ₹59.8 crore, with operating margin improving to 22% from 19% in the corresponding quarter last year.

The company said the implementation of the new

labour codes has resulted in an estimated one-time increase of ₹23.77 crore in provision for employee benefits, which has been recognised as an exceptional item in the results for the quarter and nine months ended December 31, 2025. MTAR added that it continues to monitor finalisation of central and state rules and will incorporate appropriate accounting treatment based on further developments.

Last month, MTAR Technologies informed exchanges that it received an amended purchase order worth $41.17 million from an existing customer. The amendment relates to an earlier order dated November 12, 2025, which was valued at $30.88 million, and includes an incremental order of $10.29 million. The company said the change in order value is largely due to exchange rate fluctuations on different dates.

Shares of MTAR Technologies ended higher on Thursday, January 29, by 1.60% at 2,744.90 on the NSE.

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