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MTAR Tech shares gain 3% after ₹34 crore order wins in clean energy and aerospace sectorsThe first order has to be completed by September, while the latter has to be executed by March 2026.By Shloka Badkar   May 14, 2025, 9:43:26 AM IST (Published)1 Min ReadMTAR Tech Ltd. on Wednesday, May 14, said it has won orders worth ₹34 crore from international entities in the clean energy and aerospace sectors.

The clean energy sector's order is from Bloom Energy Corporation for ₹21 crore while the aerospace order is from Rafael Advanced Defense Systems Ltd for ₹12.98 crore.

The first order has to be completed by September, while the latter has to be executed by March 2026.

MTAR Technologies reported a 52.9% jump in net profit to ₹15.9 crore for the December quarter of FY25, compared to ₹10.4 crore in the same period last year.

The company’s revenue surged 47.3% to ₹174.4 crore from ₹118.4 crore in the previous year. On the operational front, its earnings before interest taxes depreciation and amortisation (EBITDA) rose 38.5% to ₹33.1 crore, compared to ₹23.9 crore a year ago. However, its EBITDA margin slipped to 19% from 20.2%.

MTAR Technologies, a key player in India’s defence and strategic sectors, specialises in precision engineering for critical applications.

MTAR Tech shares were up 3.09% at ₹1,540 apiece at 9.20 am. The stock has gained 11.6% in the past month.

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