MTAR Technologies shares zoom over 12% a day after the stock crash; what is leading the rebound?

A day after the crash, shares of MTAR Technologies advanced sharply in the early trade on Friday, June 12. The stock rallied as much as 12.48% to hit the high of ₹7,093 on the NSE against the previous close of ₹6,306.

The stock of the company tumbled in the previous session after reports emerged that data centre developer Crusoe Energy had withdrawn from a major project involving Bloom Energy, one of MTAR's key customers.

The development raised investor concerns over the potential impact on MTAR's business and order pipeline linked to Bloom Energy.

However, the company later issued a clarification regarding the news reports.

MTAR Technologies, in an investor call, said that it does not expect any impact on its ongoing due diligence (DD) process with Bloom Energy.

During a call with key investors, the company said it has not received any communication from Bloom Energy regarding the recent developments. Management clarified that while Crusoe, the engineering, procurement, and construction (EPC) partner associated with the project, has stepped away, the project itself is expected to continue.

The company also emphasised that its business is not directly dependent on any single end-project, underscoring the diversified nature of its operations in the clean energy segment.

Providing an update on order inflows, MTAR Technologies said it has secured clean energy orders worth around ₹2,800 crore in the current financial year. The company added that its closing order book for the segment stands at approximately ₹1,300 crore, providing revenue visibility for the next couple of years.

What management said in the Q4 earnings call

P. Srinivas Reddy, the managing director, said that having confidence in the execution of orders on hand, "we are raising our guidance for FY '27 from 50% revenue growth to 80% plus revenue growth, plus/minus 5%, with clear EBITDA margins of around 24% for the year, mainly due to our initial expansion of capacities in various sectors in clean energy, which has already been commissioned."

Apart from clean energy, the oil and gas plant will also be commissioned by the end of the year and will be fully operational.

The nuclear and aerospace sectors will contribute much larger numbers, with nuclear projects being executed this year, having a strong order book, and volume production commencing in the aerospace division with certain customers.

MTAR Technologies stock performance

Shares of MTAR Technologies have been one of the best performers in 2026 amid a highly volatile market. The stock is up over 190% so far in 2026.

About MTAR Technologies

MTAR Technologies is a leading manufacturer of mission-critical precision engineered systems catering to the clean energy, aerospace, and defence sectors.

The company operates nine strategically located manufacturing units, including export-oriented facilities in Hyderabad, Telangana. MTAR serves segments such as civil nuclear power, fuel cells, hydel, aerospace, and defence.

The company says it has built long-standing relationships spanning over four decades with leading Indian organisations and global OEMs.