Shares of aerospace and defence firm MTAR Technologies and industrial turbine manufacturer Triveni Turbine both experienced significant gains in early trading on Thursday, May 21, 2026. MTAR Technologies saw its stock climb over 6%, while Triveni Turbine surged more than 7.5%, driven by positive company announcements and strong financial results.
MTAR Technologies Boosts Revenue Guidance for FY27
MTAR Technologies' stock rally was ignited by the management's decision to significantly increase its revenue guidance for the fiscal year 2027. The company, confident in its current order execution, now projects revenue growth of 80% plus/minus 5%, a substantial jump from its previous guidance of 50%. This revised outlook also anticipates robust EBITDA margins of approximately 24% for the year, primarily attributed to initial capacity expansions in the clean energy sector, which are already operational.
The company's shares reached a record high of Rs 7918 in late morning deals, up 6.15% from its previous close. This surge pushed its market capitalization to Rs 24,012 crore. MTAR Technologies has demonstrated exceptional growth, with its stock gaining 226% in 2026 and an impressive 374% over the past year. The stock is currently trading above all key moving averages, indicating strong upward momentum. A total of 2.72 lakh shares were traded, amounting to a turnover of Rs 210.99 crore. Historically, the stock had fallen to a 52-week low of Rs 1391 on August 29, 2025.
With seven manufacturing facilities, including an export-oriented unit in Hyderabad, MTAR Technologies has served the defence, aerospace, and energy sectors for over four decades. Its distinguished client list includes the Indian Space Research Organisation (ISRO), Defence Research and Development Organisation (DRDO), Nuclear Power Corporation of India Ltd (NPCIL), and US-based Bloom Energy Corp, alongside other major establishments like Bharat Dynamics and Hindustan Aeronautics (HAL).
Triveni Turbine Reports Stellar Q4 Earnings
Triveni Turbine's shares climbed 7.55% to Rs 707.40, following the announcement of strong fourth-quarter earnings. The turbine major reported a record revenue of Rs 680 crore for Q4, a significant 26.3% increase from Rs 538 crore in the corresponding period last year. Net profit for the quarter also saw a healthy rise of 8.5% year-on-year, reaching Rs 101.9 crore compared to Rs 93.9 crore in the previous year's fourth quarter.
The company's EBITDA grew by 6.3% to Rs 128 crore from Rs 120.4 crore in the year-ago period. However, the EBITDA margin slightly declined to 18.8% from 22.4% in the previous fiscal's Q4. Triveni Turbine also achieved its highest-ever annual revenue, totaling Rs 2181 crore, marking a 9% year-on-year increase. Exports were a key contributor, accounting for 58% of the total revenue and growing by 30.1% year-on-year. Aftermarket revenue represented 27.5% of the total, experiencing a 6.7% year-on-year decrease.
Since the Q4 earnings were announced on May 18, Triveni Turbine's stock has surged by 16.47%, reflecting investor confidence in its performance.