Slides
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MTAR Technologies Limited Investor Presentation – January 2026 Please click here for corporate video
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Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by MTA RTechnologies Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness 2
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A leader in critical and differentiated engineered products Strong Order Book Position Q3 & 9MFY26 Financial Snapshot Well Balanced Portfolio Working Capital Management Q3 & 9MFY26 Financial Performance
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Strong Order book Position Receipt of Major New Orders 4 Diversified Order Book of Rs. 2394.9 Crs as on 31st Dec 2025 Existing Business Received Rs. 1368.8 Crs of orders in this quarter in various sectors including Clean Energy – Civil Nuclear Power, Fuel cells and Hydel, Aerospace & Defence, Products and others by end of Q3FY26. Order book Build-Up (Rs. in Crs) • Sales restated at order book excluding forex fluctuations, price escalations and scrap sales 27.2% 49.3% 13.6% 9.9% Clean Energy- Civil Nuclear Power Clean Energy- Fuel Cell, Hydel & Others Aerospace & Defence Products & Others 1,296.6 2,394.9 1,368.8 270.5 30 September 2025 Incoming orders for Q3FY26 *Sales restated at Order book #31 December 2025
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New Customers added over the past 2-3 years 5 MNC Aerospace Oil & Gas and Others Clean Energy – Battery Storage Systems Clean Energy – Hydro Power, Wind Energy and Others • First articles for IAI and Weatherford are currently under progress • Commenced batch production of new products for GKN Aerospace, Rafael, Elbit, and Thales, among others that shall be major drivers of revenues in Aerospace from FY 26 Updates
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6 Revenues (Rs. Crs) EBIDTA (Rs. Crs)Gross Profit (Rs. Crs) PAT (Rs. Crs) Revenues (Rs. Crs) 174.5 278.0 492.9 570.1 Q3FY25 Q3FY26 9MFY25 9MFY26 33.3 64.0 86.7 109.4 Q3FY25 Q3FY26 9MFY25 9MFY26 16.0 34.7 39.2 49.7 Q3FY25 Q3FY26 9MFY25 9MFY26 12.5% 8.7% 46.1% 49.5% 23.0% 19.2%48.4%49.7% 17.6%19.1% 7.9%9.2% PBT (Rs. Crs) 21.4 46.1 53.0 66.6 Q3FY25 Q3FY26 9MFY25 9MFY26 16.6% 11.7%10.7%12.3% Q3 & 9M FY26 Financial Performance 86.7 128.1 238.4 282.4 Q3FY25 Q3FY26 9MFY25 9MFY26
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Net Working Capital (in Days) Working Capital Management 139 157 146 161 90 110 128 105 229 267 274 266 0 50 100 150 200 250 300 Mar-25 Jun-25 Sep-25 Dec-25 Other than WIP WIP Total Working Capital Days Particulars (Days) Q3FY26 Q2FY26 Receivables 134 87 Inventory 210 282 RM 105 154 WIP 105 128 Payables 106 128 7
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Well-balanced Portfolio (1/2) 8 43.8 61.9 18.4 6.2 16.6 FY23 FY24 FY25 Q3FY26 9MFY26 Aerospace & Defence 64.5 58.7 93.2 30.9 72.3 FY23 FY24 FY25 Q3FY26 9MFY26 Clean Energy – Fuel Cells, Hydel & Others 441.7 351.2 416.9 195.6 398.1 FY23 FY24 FY25 Q3FY26 9MFY26 Revenue in Rs. Crs Clean Energy – Civil Nuclear Power 8% 9% 77%7% 61%11% 3% 14% 62%2% 11% 70%3% 13% 70%
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Well-balanced Portfolio (2/2) 9 Products & Others 23.7 108.3 147.5 45.3 83.0 FY23 FY24 FY25 Q3FY26 9MFY26 Revenue in Rs. Crs 4% Geographical Break-up 9MFY26 19% 81% Domestic Export19% 16% 84% Q3FY26 22% 16% 15%
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10 Q3 FY26 Consolidated Profit & Loss Statement 10 Particulars (Rs. Crs) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9MFY26 9MFY25 Y-o-Y Revenue from Operations 278.0 174.5 59.3% 135.6 105.0% 570.1 492.9 15.7% Cost of Materials Consumed 163.9 96.0 81.8 338.5 253.8 Changes in Inventories -14.0 -8.2 -15.6 -50.7 0.7 Gross Profit 128.1 86.7 47.7% 69.4 84.4% 282.4 238.4 18.5% GP % 46.1% 49.7% 51.2% 49.5% 48.4% Employee Benefits Expense 40.2 31.3 33.3 107.9 89.3 Other Expenses 23.8 22.1 19.1 65.1 62.4 EBITDA 64.0 33.3 92.5% 17.0 276.6% 109.4 86.7 26.2% EBITDA % 23.0% 19.1% 12.5% 19.2% 17.6% Other Income 2.4 3.1 3.7 6.7 5.1 Depreciation and Amortisation Expense 8.8 8.7 8.8 26.0 22.6 EBIT 57.6 27.7 11.9 90.1 69.2 Finance Costs 7.7 6.3 6.2 19.7 16.2 Exceptional Items* 3.8 0.0 0.0 3.8 0.0 PBT 46.1 21.4 5.7 66.6 53.0 Total Tax Expense 11.4 5.5 1.4 16.9 13.8 Profit for the year 34.7 16.0 117.3% 4.2 717.2% 49.7 39.2 27.0% PAT % 12.5% 9.2% 3.1% 8.7% 7.9% * ₹3.8 crore has been recorded as an Exceptional Item on account of the statutory impact of the new Labour Codes
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Annexure
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A leader in critical and differentiated engineered products Consolidated Balance Sheet Historical Profit & Loss Abridged Cash Flow Statement Performance in Charts Capital Disciplined Approach
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Historical Consolidated Profit & Loss Statement 13 Particulars (Rs. Crs) FY25 FY24 FY23 FY22 Revenue from Operations 676.0 580.8 573.8 322.0 Cost of Materials Consumed 349.5 318.4 315.6 157.4 Changes in Inventories of Finished Goods and Work in Progress -7.6 -16.0 -46.1 -41.2 Gross Profit 334.1 278.4 304.2 205.8 GP % 49.4% 47.9% 53.0% 63.9% Employee Benefits Expense 123.8 97.0 93.5 70.8 Other Expenses 89.5 68.7 56.8 40.5 EBITDA 120.9 112.7 154.0 94.4 EBITDA % 17.9% 19.4% 26.8% 29.3% Other Income 5.2 5.8 19.5 8.8 Depreciation and Amortisation Expense 31.8 22.6 18.7 14.3 EBIT 94.2 95.9 154.8 88.9 Finance Costs 22.2 22.3 14.6 6.6 PBT 72.1 73.5 140.2 82.2 Total Tax Expense 18.7 16.9 36.8 21.3 Profit for the year 53.4 56.6 103.4 60.9 PAT % 7.9% 9.8% 18.0% 18.9%
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Historical Balance Sheet – Equity & Liabilities 14 EQUITY & LIABILITIES (Rs. Crs) Mar-25 Mar-24 Mar-23 Mar-22 Equity Share Capital 30.8 30.8 30.8 30.8 Other Equity 698.2 645.6 589.4 489.0 Total Equity 728.9 676.3 620.1 519.7 Financial Liabilities Borrowings 81.1 97.0 77.7 25.9 Provisions 4.7 2.6 2.6 0.4 Deferred Tax Liabilities (Net) 22.4 20.9 18.2 16.3 Non-Current Liabilities 3.2 3.0 3.0 0.0 Total Non-Current Liabilities 111.3 123.5 101.6 42.7 Financial Liabilities (i) Borrowings 96.2 93.9 65.6 69.9 (ii) Trade payables 106.1 62.5 218.2 57.0 (iii) Other Financial Liabilities 39.5 16.2 7.0 2.4 Provisions 3.8 3.3 1.9 3.0 Current Tax Liabilities (Net) 0.0 0.0 2.2 0.3 Other Current Liabilities 44.5 31.9 46.6 32.6 Total Current Liabilities 290.1 207.8 341.6 165.4 TOTAL EQUITY & LIABILITIES 1130.3 1,007.7 1,063.3 727.7
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Historical Balance Sheet - Assets 15 ASSETS (Rs. Crs) Mar’25 Mar’24 Mar-23 Mar-22 Property, Plant and Equipment 436.1 339.8 290.2 195.4 Capital Work-in-progress 53.2 72.9 64.4 43.8 Intangibles Assets 2.5 0.7 0.8 1.0 Financial Assets (i) Investments 0.0 0.0 0.0 0.0 (iii) Other Financial Assets 4.5 2.6 2.2 2.2 Non-Current Tax Assets (Net) 1.5 5.3 0.5 0.5 Other Non Current Assets 14.4 21.5 8.6 21.6 Total Non-Current Assets 512.2 442.8 366.6 264.5 Inventories 346.1 347.6 386.6 170.3 Financial Assets (i) Trade Receivable 209.8 146.6 208.4 136.0 (ii) Cash and Cash Equivalents 1.9 39.2 12.2 59.6 (iii) Other Bank Balances (other than Note 13 above) 15.0 11.6 19.0 7.4 (iv) Other Current Financial Assets 6.9 8.6 4.8 6.7 (v) Investment in units of mutual fund 0.0 0.0 27.5 62.3 Other Current Assets 38.5 11.2 38.2 20.9 Total Current Assets 618.1 564.8 696.7 463.2 TOTAL ASSETS 1130.3 1,007.7 1,063.3 727.7
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Abridged Consolidated Cash Flow Statement 16 Particulars (Rs in Cr) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Operating profit before working capital changes 123.6 115.8 168.8 96.1 Changes in working capital -8.9 -37.2 -129.1 -108 Cash generated from operations 114.7 78.7 39.7 -11.8 Direct taxes paid (net of refund) -13.4 -21.3 -32.3 -18.0 Net Cash from Operating Activities (A) 101.3 57.4 7.4 -29.8 Net Cash from Investing Activities (B) -102.7 -55.6 -86.7 -145.0 Net Cash from Financing Activities (C) -35.8 25.3 32.0 54.1 Net Change in cash and cash equivalents -37.2 27.0 -47.3 -120.7 Net Cash Flow from Operating Activates -29.8 7.4 57.4 101.3 -3.7% FY22 6.9% FY23 13.5% FY24 17.0% FY25 CFO/Revenue from Operation
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Performance in Charts 17 322.0 573.8 580.8 676.0 FY22 FY23 FY24 FY25 +28% Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 94.4 154.0 112.7 120.9 FY22 FY23 FY24 FY25 +9% 60.9 103.4 56.6 53.4 FY22 FY23 FY24 FY25 -4% Gross Profit Margins (%) EBITDA Margins (%) PAT Margins (%) FY22 FY23 FY24 FY25 63.9% 53.0% 47.9% 49.4% FY22 FY23 FY24 FY25 29.3% 26.8% 19.4% 17.9% FY22 FY23 FY24 FY25 18.9% 18.0% 9.8% 7.9%
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Capital Disciplined Growth 18 RoCE* (%) RoE# (%) Debt to Equity (x) Mar-22 Mar-23 Mar-24 Mar-25 14.2% 19.9% 12.5% 11.5% Mar-22 Mar-23 Mar-24 Mar-25 11.7% 18.2% 8.7% 7.6% 0.18 0.23 0.28 0.24 Mar-22 Mar-23 Mar-24 Mar-25 *RoCE = EBIT/Avg. Capital Employed Capital Employed = Total Assets – Current Liabilities #RoE = Net Profit/Avg. Total Equity
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Thank You MTAR Technologies Limited CIN: L72200TG1999PLC032836 Ms. Srilekha Jasthi – Head, Strategy & Investor Relations +91 76740 21818 srilekha@mtar.in Ms. Vidhi Vasa Vidhi.vasa@in.mpms.mufg.com Mr. Parth Patel Parth.patel@in.mpms.mufg.com For Meeting request – Click Here MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services