Mtar Technologies

“We expect this momentum to continue into the second half of the fiscal year with H2 of FY27 anticipated to be stronger than H1, supported by our robust order book and continued focus on execution.”

“But as I said very clearly that we will definitely perform better than the guidance given. And we would like to stick to the guidance what we have given at the beginning of the year.”

“We remain confident of achieving our annual guidance.”

“The kind of growth what we are seeing in nuclear division, we will see how it goes over the next 1 year, and then we'll plan for a major facility based on the demand what is being created right now in the market.”

“To cater to the anticipated increase in demand and support our long-term growth ambitions, we are also evaluating the establishment of new”

“See, the Phase 2 capacity, as I said, it's a smaller expansion. It's about 30% higher than our existing capacity. And the multi-fold expansion, as I said, should be ready by June of next year.”

“Our Phase 2 capacity expansion is nearing completion with the facility expected to be operational by end of November.”

“will be housed in a new dedicated facility with the overall expansion expected to be completed by June 2028.”

“And this facility should be operational in a full-fledged manner by end of March 2027.”

“The Phase 1 of the plan, the plan what we have established for the facility should be ready by end of November or beginning of second half of December. And then the Phase 2 will be ready by June of next year.”

“We have a closing order book of INR820 crores, supported by order inflows from Kaiga and Gorakhpur and also from the refurbishment programs.”

“So we are on track with that requirement of the customers, what we have said at 8x the first article value.”

“We have witnessed a record order inflows of INR4,102(In audible:13:00) crores during H1 FY27, reflecting robust demand across our business segments.”

“With strong industry tailwinds and a growing pipeline of opportunities across the sectors in which we operate, we expect to sustain this momentum in the coming quarters and anticipate a strong closing order book by the end of FY27.”

“I mean this is all continuous orders that we are receiving, and you'll see a growth happening quarter-on-quarter basis in the product division. So this is all short cycle within 1 year or so.”

“With respect to execution of our existing orders, we expect a meaningful ramp-up during H2 FY27, followed by a significant revenue growth from FY28 onwards.”

“No, we can expect certain revenues coming in, in this year, but the majority of the revenues will kick in from FY28 onwards, going up to FY29 and FY30.”

“We are currently working on the execution of the first article orders valued at approximately INR45 crores.”

“With the necessary infrastructure and capabilities being established, we anticipate a meaningful ramp-up in production volume from FY28 onwards, positioning this vertical as another growth driver for the company.”

“We are looking at various products that we have developed in space of ball screws, roller screws, water lubricated bearings. We have come into exports of ball screws as well this quarter.”

“I mean we are receiving substantial orders and the demand is a lot more than what we can expect.”

“we now see significant opportunities emerging as Government of India targets to achieve 100 gigawatts of nuclear power capacity by 2047.”

“When it comes to margins, our gross margins improved to 46.8% from 45.5% in the previous quarter, mainly because of a better product revenue mix.”

“This improvement came from the higher revenue, a better mix and operating leverage.”

“PAT margin was at 14.7% compared to 3.1% in Q2 FY26 and 13.9% in Q1 FY27.”

“Some of the bought-outs are imported, but most of them are domestic, and we have developed a lot of bought-outs, which we use in the hot box assembly as well.”

“When it comes to the balance sheet and cash flow, our working capital days came down to 50 as of September 2026 from 172 days in March 2026.”

“And our cash flow from operation was at INR350 crores, a positive number in H1 FY27 compared to -- compared with INR39.8 crores in H1 FY26.”

“Our total debt is around INR465 crores, of which INR189 crores is a long-term debt and INR276 crores is a short-term debt.”

“Having said that, our investment stands at INR358 crores. It literally means we have around INR107 crores debt after adjusting the investments.”

“And also, we are getting a refund of GST also around INR70 crores to INR80 crores per year we are expecting to get.”

“I'm also glad to share that we have commenced exports of ball screws as well, marking a significant milestone for the company.”

“So revenue for products and others, it was given as INR65 crores. Actually, it is INR125 crores.”

“Similarly, in the order book related to products and others, the inflow, we need to add an inflow of around INR60 crores, which will get deducted in clean energy.”

“See, the forex gain is only in second quarter, INR2.3 crores out of the total INR8.5 crores.”

“Yes, there are certain cost increases in terms of certain consumables, which we have looked into because of the current geopolitical situation, which you are all aware of.”

“This is all unwanted speculation, but we are going in different segments, as you have seen very clearly. We're not just dependent on one segment as such.”

“No, there is no check from the local government. They have been very supportive on every aspect of it.”

“No, there's no such impact for us right now because whatever we do, it's all exports and there's no such impact.”

“During Q2 FY27, we reached a revenue of INR406.8 crores with an EBITDA margin of 24.4% and a year-on-year EBITDA growth of 483.3%, reflecting our record quarterly performance and sustained growth momentum.”

“When it comes to year-on-year, revenue from operation was INR406.8 crores against INR135.6 crores, a growth of 200%.”

“Profit after tax was INR59.8 crores against INR4.2 crores, a growth of 1,309.5%.”

“Earnings per share was at INR19.45 for the quarter and INR35.78 for the first half of the year.”

“So across all the units, we have 16 units are there, around 15 units are fungible”