MTAR Tech inks 10-year contract with weatherford products GMBH
Under the agreement, MTAR expects to execute orders worth approximately Rs 10 crore in FY26, with annual order execution rising to around Rs 90 crore from FY27 onwards.
To support the scale of operations under this contract, the company is setting up a dedicated facility at Adibatla, Hyderabad. The new plant is expected to be operational by June 2026.
Parvat Srinivas Reddy, managing director & promoter of MTAR Technologies, said, ?This milestone reflects our commitment to expand our product base and enhance our customer portfolio across diverse sectors. We are in discussions with several other customers to enter into long-term agreements for various products that shall accelerate our growth momentum. Our expanding product portfolio underscores our dedication to innovation, quality and excellence in service.?
MTAR Technologies is a leading manufacturer engaged in the manufacturing and development of mission-critical precision-engineered systems catering to clean energy?civil nuclear power, fuel cells, hydel & others, space, and defense sectors. The company has a long-standing relationship of over four decades with leading Indian organizations and global OEMs. It has seven strategically based manufacturing units, including an export-oriented unit, each based in Hyderabad, Telangana.
The company reported a 181.72% year-on-year (YoY) surge in consolidated net profit to Rs 13.72 crore for the quarter ended March 2025 (Q4 FY25), compared to Rs 4.87 crore in the corresponding quarter last year. The sharp rise in profit was supported by a 26.57% increase in revenue from operations, which stood at Rs 179.24 crore.
The scrip declined 1.55% to Rs 1,665.55 on the BSE.
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