MTAR lifts FY27 revenue guidance to 80% growth
The clean-energy and precision-engineering firm also targets 24% EBITDA margin and an order book of ₹5,000 crore by year-end, powered by a new AI data center client.
What's new
- FY27 revenue growth guidance raised from 50% to 80%.
- EBITDA margin target of 24% and order book of ₹5,000 cr by year-end.
- New AI data center customer secured with potential ₹400-500 cr revenue.
Why this matters
The upgrade is a massive acceleration from an already strong pipeline. An 80% growth implies near doubling of revenue within a year. The AI data center win diversifies MTAR's end-market away from defense and clean energy, adding a high-growth vertical.
What we're watching
- Execution against the 80% target — can MTAR deliver?
- Margin sustainability: can 24% EBITDA hold during rapid scaling.
- Details on the AI data center deal: scale, tenure, repeatability.
The full read
MTAR Technologies just told the market it expects FY27 revenue to grow 80% — a sharp upgrade from the earlier 50% guidance. That implies a near doubling in a single year. The company also set a 24% EBITDA margin target and an order book of ₹5,000 crore by year-end. Behind the confidence: a new AI data center customer, a segment MTAR hasn't played in before, with potential revenue of ₹400-500 crore. For a precision-engineering firm best known for clean energy and defense work, this is a pivot into a fast-growing digital infrastructure play. The guidance is aggressive. The question now is whether MTAR can deliver on the scale-up without margin erosion.