MTAR Technologies closed FY25 with an order book of INR 9.79 Billion, supported by INR 7.20 billion in new orders across sectors such as civil nuclear power, fuel cells, hydro power, aerospace, and defence. The company is advancing several new product initiatives, including first article manufacturing for clients like Fluence, Weatherford, and Israel Aerospace Industries, and has commenced batch production for firms such as GKN Aerospace, Rafael, and Thales.
The aerospace and defence segment contributed INR 932 million to revenue in FY25, while clean energy—comprising fuel cells, hydro, and others—added INR 4.17 billion, making it the highest contributor. Civil nuclear power contributed INR 184 million, and revenue from “Products & Others” amounted to INR 1.48 billion. For FY25, 64% of the company’s revenue came from exports, while 36% was domestic.
First article manufacturing is underway for new customers including Fluence (battery storage systems), Weatherford (oil & gas), and Israel Aerospace Industries (IAI). MTAR has also started batch production of new products for clients such as GKN Aerospace, Rafael, Elbit Systems, and Thales. Discussions are ongoing for a long-term agreement with Weatherford. MTAR has already entered a long-term agreement with IAI and has begun initial production under that engagement.
MTAR dispatched proto valves to the Indian Navy and has been qualified for volume production in multiple naval programmes. Proto-1 execution for Fluence was completed, with Proto-2 delivery scheduled by Q2 FY26. Volume production is expected to follow.
In Q4 FY25, revenue reached INR 1.83 billion, up 28.1% from INR 1.43 billion in Q4 FY24. EBITDA for the quarter was INR 342 million, an increase of 87.5% from the previous year’s Q4, which was INR 182 million. Profit after tax stood at INR 137 million, compared to INR 49 million in Q4 FY24.
For FY25, the company reported EBITDA of INR 1.21 billion, a 7.2% increase over FY24. However, profit after tax declined by 5.7% to INR 529 million, compared to INR 561 million the previous year. Cash flow from operating activities was INR 1.01 billion, compared to INR 574 million in FY24.
MTAR Technologies reported consolidated revenue from operations of INR 6.76 billion for the financial year ended March 31, 2025, marking a 16.4% increase year-on-year.
MTAR Technologies is a Hyderabad-based manufacturer of precision-engineered systems catering to sectors such as clean energy, civil nuclear power, fuel cells, hydro power, aerospace, and defence. The company operates nine manufacturing units, including export-oriented facilities. It has long-standing relationships with domestic and global original equipment manufacturers (OEMs). MTAR is listed on the BSE and NSE under the symbols 543270 and MTARTECH respectively.