MTAR Technologies shares hit 5% upper circuit after strong Q1 show; key things to know

MTAR Technologies shares surged 5% during the trading session on Thursday, July 30, as investors focused on the company’s strong April to June quarter financial performance for FY2027 and the latest order book update.

Shares of MTAR Technologies rallied 5% to their intraday high and upper circuit of ₹5,453.50 apiece on Thursday’s market, compared to ₹5,194 apiece at the previous stock market close, according to NSE data.

The electric equipment manufacturer’s healthy June quarter performance was driven by the overall strong growth in revenues for the period despite pressure from rising input costs amid the supply chain disruption.

How did MTAR Tech perform in Q1 results?

After market hours on July 29, MTAR Technologies’ board of directors announced the company’s April to June quarter results for the financial year 2026-27, where the firm recorded a 364.5% surge in consolidated net profits.

The company’s consolidated net profit after tax (PAT) surged 364.5% to ₹50.22 crore in the first quarter, in comparison to ₹10.81 crore in the same period a year earlier, as per the exchange filing.

On a sequential basis, the company’s net profit rose 13% to its June-quarter level, from ₹44.28 crore in the fourth quarter of the financial year 2025-26.

NSE filings further showed that the company’s total revenue from core operations advanced 129% YoY to ₹360.72 crore in the June quarter, from ₹157.19 crore in the same period a year earlier.

Although the company’s input costs witnessed a massive surge in the period under review, the overall revenue growth powered the profit gains in the June quarter.

MTAR Technologies’ cost of materials consumed surged 120% to ₹204.31 crore, from ₹92.77 crore in the same period a year earlier, according to the consolidated financial statements.

Margin snapshot

MTAR Technologies’ operational-level earnings before interest, tax, depreciation and amortisation (EBITDA) were at ₹85.1 crore, while the EBITDA margins were at 23.6% in the April to June quarter of the financial year 2026-27.

As of the quarter ended June 2026, the company’s diversified order book was at ₹5,143.3 crore.

“We have delivered another strong quarter, with our quarterly performance remaining in line with the growth guidance provided for the current fiscal year,” said Parvat Srinivas Reddy, Managing Director of MTAR Technologies. “We believe we are at an inflexion point, with each of our key business verticals positioned for the next phase of growth,” he said.

Order update

In an NSE filing, the company disclosed that one of its orders has been amended and the overall order value has been increased to approximately ₹3,100.09 crore, from its earlier ₹2,278.96 crore.

“We wish to inform you that we have received an amended purchase order worth $324.62 million at an exchange rate of ₹95.50 (approximately ₹3,100.09 crore), having an incremental order value worth $85.86 million (approximately ₹819.94 crore),” as per the NSE filing.

The company will decide the time period of the supply order in the upcoming period.

MTAR Technologies share performance

MTAR Technologies shares have delivered more than 277% returns to investors in the last five years, over 156% gains in the last three years, and more than 266% returns on their investment in the past one year period, as per NSE data.

Although on a year-to-date (YTD) basis, the company’s stock has risen 127% in 2026, but the stock has lost 28% in the last one-month period. As per the exchange data, the shares have dropped 7% in the last five market sessions.

Shares of MTAR Tech surged to their 52-week high of ₹8,714 on June 19, 2026, while the 52-week low was at ₹1,390 on August 29, 2025. The company’s market capitalisation (m-cap) was at ₹16,774.74 crore as of the trading session on Thursday, July 30, 2026.