MTAR Technologies (MTARTECH) Q3 24/25 earnings summary

Executive summary

• Achieved 47.4% year-on-year revenue growth in Q3 FY25, with consolidated quarterly revenue at INR 1,744.55 million and net profit at INR 159.64 million; order inflow reached INR 817 crores in FY25, with a diversified order book of INR 1,030 crores as of December 31, 2024.

• Added new customers and expanded into clean energy, aerospace, oil & gas, and battery storage, with batch production for major aerospace clients set to drive revenues from FY26.

• ESG initiatives integrated, with 85% of FY23 revenue from climate-positive products and a strong governance rating.

Financial highlights

• Q3 FY25 revenue from operations: INR 174.5 crore (up 47.4% YoY); Q3 FY25 PAT: INR 16 crore (up 52.8% YoY); EBITDA margin at 19.1%.

• 9M FY25 revenue: INR 492.9 crore; 9M FY25 PAT: INR 39.2 crore.

• Profit before tax for Q3 FY25: INR 21.4 crore; for nine months: INR 52.95 crore.

• Gross profit margin for Q3 FY25 at 49.7%; PAT margin at 9.2%.

• Positive operating cash flow of INR 102 crores in Q3 FY25.

Outlook and guidance

• FY25 revenue guidance: INR 700+ crores, EBITDA margin 21% ±100 bps; 30% annual revenue growth expected through FY28, with EBITDA margin improving to 28% by FY28.

• Volume production for new products and customers to commence from FY26, supporting future growth.

• Clean energy segment projected to exceed INR 500 crores in sales in FY26.

• Major nuclear orders worth INR 1,000 crores expected over next 3-6 months.