BSECompany Update6 Aug 2026 · 6 Aug 2026, 08:44 pm
Transcript
MTAR Technologies Ltd · 543270
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MTAR Technologies Ltd announced its Q1 FY27 earnings conference call transcript, with revenue of INR360.7 crores and an EBITDA margin of 23.6%, in line with annual guidance. The company believes it is at an inflection point, with each of its key business verticals positioned for the next phase of growth.
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MTAR Technologies Ltd - 543270 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Date: 6th August, 2026
BSE Limited, NSE Limited,
P. J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex,
Mumbai-400001. Bandra (E), Mumbai- 400051.
(BSE Scrip Code: 543270) (NSE Symbol: MTARTECH)
Dear Sir/Madam,
Sub: Disclosure under SEBI (Listing and Disclosure Requirements Regulations,2015)
Transcript of Earnings call held on 30.07.2026.
Unit: MTAR Technologies Limited
ISIN: INE864I01014
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, Please find enclosed the transcript of the earnings conference call
conducted on Thursday, 30th July 2026 at 11:00 a.m. (IST).
The transcript of the earnings call is also available on website of the company
i.e., www.mtar.in You are requested to kindly take the aforesaid on your record.
This is for your information and records.
Thanking you,
For MTAR Technologies Limited
Priyanka Agarwal
Company Secretary & Compliance Officer
Encl: As above.
“MTAR Technologies Limited
Q1 FY ’27 Earnings Conference Call”
July 30, 2026
MANAGEMENT: MR. SRINIVAS REDDY – MANAGING DIRECTOR AND
PROMOTER – MTAR TECHNOLOGIES LIMITED
MR. GUNNESWARA RAO – CHIEF FINANCIAL OFFICER
– MTAR TECHNOLOGIES LIMITED
MS. SRILEKHA JASTHI – HEAD, STRATEGY AND IR –
MTAR TECHNOLOGIES LIMITED
ORIENT CAPITAL, INVESTOR RELATION PARTNERS –
MTAR TECHNOLOGIES LIMITED
MODERATOR: MS. VIDHI VASA – MUFG
Page 1 of 19
MTAR Technologies Limited
July 30, 2026
Moderator: Ladies and gentlemen, good day, and welcome to MTAR Technologies Limited Q1 FY27
Earnings Conference Call. As a reminder, all participant lines will be in listen-only mode, and
there will be an opportunity for you to ask questions after the presentation concludes. Should
you need assistance during the conference call, please signal an operator by pressing star, then
zero on your touchtone phone. Please note that this conference is being recorded. I now hand the
conference over to Miss Vidhi Vasa. Thank you, and over to you, ma'am.
Vidhi Vasa: Thank you, Atharva. Good morning, everyone. On behalf of MTAR Technologies, I extend a
very warm welcome to all the participants for Q1 FY27 earnings discussion call. Today on our
call, we have Mr. Srinivas Reddy, Managing Director and Promoter, Mr. Gunneswara Rao,
Chief Financial Officer, and Miss Srilekha Jasthi, Head Strategy and IR. I hope everyone had an
opportunity to go through our investor deck and press release that we have uploaded on the
exchange and on the company's website.
I would like to give a short disclaimer before we begin the call. This call may contain some of
the forward-looking statements which are completely based upon our belief, opinion, and
expectations as of today. These statements are not a guarantee of our future performance and
involve unforeseen risks and uncertainties. Now, I hand over the call to Srinivas sir. Over to you,
sir.
Srinivas Reddy: Hello, good and good morning, everyone. Thank you for taking the time to join us today. Today
on the call, I'm joined by Mr. Gunneswara Rao, Chief Financial Officer, Miss Srilekha Jasthi,
Head Strategy & Investor Relations, and Orient Capital, our Investor Relation Partners. We have
uploaded our updated investor deck, press release, and results highlights on the stock exchanges
and company website. I hope everybody had an opportunity to go through the same.
I'm pleased to share that we have delivered another strong quarter, with our quarterly
performance remaining in line with our growth guidance provided for the current fiscal year.
We continue to see strong momentum across all our business verticals, supported by favorable
industry tailwinds and a healthy pipeline of opportunities.
During the quarter, we registered revenue of INR360.7 crores, with an EBITDA margin of
23.6%, which is in line with our annual guidance. While the financial performance is very
encouraging, what gives me greater confidence is not just the numbers, but the direction in which
the company is heading right now.
We strongly believe that the company is at an inflection point, with each of our key business
verticals positioned for next phase of growth. The sectors in which we operate, be it civil nuclear
power, aerospace and defense, and clean energy, all are witnessing strong growth across both
domestic and international markets.
With long-term strategic vision and a strong spirit of innovation, we have built differentiated
capabilities and niche product portfolio across these strategic sectors, consistently investing in
technologies and capabilities well ahead of broader market adoption.
Page 2 of 19
MTAR Technologies Limited
July 30, 2026
Today, as these sectors gain significant momentum, the strength and diversity of our key product
portfolio are redefining our growth trajectory and creating multiple avenues for sustained long-
term growth.
In civil nuclear power, the capabilities we have built over the past five decades with a lot of
foresight are translating into meaningful opportunities moving forward. We received our
highest-ever order inflows in this segment during the last quarter for Kaiga 5 & 6 reactors, and
looking forward for more orders from refurbishment of existing reactors during the current
quarter as well.
I'm also pleased to highlight our notable contribution to the fast breeder reactor, which recently
achieved criticality, a strategically significant milestone for India's nuclear energy program. The
company has played a pivotal role in this prestigious national program, having supplied a
majority of the critical assemblies for the reactor, reflecting the depth of our engineering and
manufacturing capabilities built over decades.
Looking ahead, the proposed development of four nuclear reactors at Mahi Banswara through
the NTPC-NPCIL partnership represents another significant opportunity for the company. With
the Government of India targeting 100 gigawatts of nuclear power capacity by 2047, we believe
the long-term opportunity for the company in this sector is substantial.
From an execution perspective of current orders, we expect to see a very meaningful ramp-up
during the current fiscal year, with a significant growth happening moving forward as well. We
already have a strong order book in this segment and supported by healthy pipeline of
opportunities and regular order inflows expecting going forward as well. We believe civil
nuclear vertical has transitioned to a more consistent and sustainable growth trajectory with
substantially reduced cyclicality compared to the past.
Clean Energy continues to demonstrate a strong momentum. We received record order inflows
during the quarter, further strengthening our already robust order book and providing strong
visibility for growth going forward.
Our capacity augmentation plan for fuel cells being implemented in three phases remains on
track, with Phase 1 already commissioned, Phase 2 to be commissioned by September-October
of this year, while Phase 3, which is a multifold capacity expansion, will be completed in March
of 2027.
[inaudible 06:02] being developed for fuel cells is designed to support multiple products under
one roof, providing us with greater scale and operational efficiency. An important point to
highlight here is that our expansion is not limited to adding physical capacity. We have initiated
manpower training and are working on automation initiatives well ahead of capacity coming on
stream, ensuring that we are operationally prepared to support the expected ramp-up in volumes
moving forward in the coming years.
While we continue to cater to multiple areas within Clean Energy, we're also focused on further
diversity that can become meaningful growth drivers over the long term. In line with this
Page 3 of 19
MTAR Technologies Limited
July 30, 2026
strategy, we have entered the data center infrastructure solutions segment, where we see
significant growth potential.
Initial set of data center infrastructure products are currently in progress. Upon successful
completion of
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