Shares of Indian aerospace and defense firm MTAR Technologies, alongside industrial turbine manufacturer Triveni Turbine, witnessed significant rallies in early trading today. MTAR Technologies' stock climbed 6.15%, while Triveni Turbine's shares soared by up to 7.55%.
MTAR Technologies Boosted by Upgraded FY27 Guidance
The surge in MTAR Technologies' stock price is attributed to the management's decision to significantly raise its revenue guidance for Fiscal Year 2027. The company expressed strong confidence in its current order book execution capabilities.
Originally forecasting 50% revenue growth for FY27, MTAR has now revised this projection upwards to over 80% revenue growth (plus/minus 5%), with expected EBITDA margins around 24% for the year. This optimistic outlook is primarily driven by the initial expansion of capacities across various sectors within clean energy, where commissioning has already begun.
MTAR Technologies' shares reached a record high of Rs 7918 in late morning deals, up from its previous close of Rs 7459.05. The firm's market capitalization expanded to Rs 24,012 crore. The stock has demonstrated remarkable growth, gaining 226% in 2026 and an impressive 374% over the past year. MTAR operates seven manufacturing facilities, including an export-oriented unit in Hyderabad, and has served the defense, aerospace, and energy sectors for over four decades. Its clientele includes prominent organizations like the Indian Space Research Organisation (ISRO), Defence Research and Development Organisation (DRDO), Nuclear Power Corporation of India Ltd (NPCIL), US-based Bloom Energy Corp, Bharat Dynamics, and Hindustan Aeronautics (HAL).
Triveni Turbine's Stellar Q4 Earnings Drive Gains
Triveni Turbine's shares rose 7.55% to Rs 707.40, compared to its previous close of Rs 657.70, following the announcement of its strong fourth-quarter earnings. The turbine major reported a record revenue of Rs 680 crore for Q4, marking a 26.3% increase from Rs 538 crore in the same period last year.
The company also logged an 8.5% year-on-year rise in net profit for Q4, reaching Rs 101.9 crore, up from Rs 93.9 crore in the corresponding quarter of the previous fiscal year. EBITDA climbed 6.3% to Rs 128 crore from Rs 120.4 crore year-on-year, though the EBITDA margin saw a slight decrease to 18.8% from 22.4%.
For the full year, Triveni Turbine achieved its highest ever annual revenue at Rs 2181 crore, an increase of 9% year-on-year. Exports contributed significantly, accounting for 58% of the total revenue and growing by 30.1% year-on-year. Aftermarket revenue, however, contributed 27.5% and saw a 6.7% decrease year-on-year. The Triveni Turbine stock has seen an overall surge of 16.47% since its Q4 earnings were announced on May 18.