India's MTAR Tech climbs on more than four-fold jump in Q1 profit
30/07/2026 06:49
BUZZ-India's MTAR Tech climbs on more than four-fold jump in Q1 profit ** Precision engineering firm MTAR Technologies' shares MTAR.NS rise as much as 5%, hitting the exchange-mandated upper limit, to 5,453.5 rupees apiece
** MTAR reports a more-than four-fold y/y jump in consolidated net profit in June qtr
** Revenue from operations more than doubles
** Motilal Oswal says MTAR's Q1 results beat estimates
** MTAR guides for revenue growth of 80% for financial year 2027
** Updates that it received an amended purchase order worth $324.62 million, having an incremental order value of $85.86 million
** MTAR up 126% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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