Mtar Technologies Limited — Q2FY27 earnings call summary

Filed 06 November 2026 · Official transcript

H2 FY27 expected stronger than H1; robust order book INR4,102 Cr in H1 FY27
Civil nuclear order book INR820 Cr; major revenue ramp from FY28
Q2 FY27 revenue INR406.8 Cr (+200% y-y); EBITDA INR99.2 Cr (+483.3% y-y), margin 24.4%
Aerospace revenue target INR150 Cr in FY27; multiple customer qualifications ongoing
Oil & gas facility operational by Nov 2026; production ramp from FY28
Working capital days improved to 50 in Sep 2026; target 100 by FY27 end, 150 long-term
Multiple analyst queries on working capital sustainability; management confident on targets
Fuel cells capacity expansion Phase 2 by Nov 2026, Phase 3 by Jun 2028