Slide 1: MTAR Technologies Limited Investor Presentation – January 2026
MTAR Technologies Limited Please click here for corporate video Investor Presentation – January 2026
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by MTAR Technologies 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 sec
Slide 3: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Strong Order Book Position Q3 & 9MFY26 Financial Snapshot Working Capital Management Well Balanced Portfolio Q3 & 9MFY26 Financial Performance
Slide 4: Strong Order book Position
Strong Order book Position Receipt of Major New Orders Order book Build-Up (Rs. in Crs) Existing Business Received Rs. 1368.8 Crs of orders in this quarter in various sectors including Clean Energy – Civil Nuclear Power, Fuel 270.5 2,394.9 cells and Hydel, Aerospace & Defence, Products and others 1,
Slide 5: New Customers added over the past 2-3 years
New Customers added over the past 2-3 years MNC Aerospace Clean Energy – Battery Storage Systems Updates • First articles for IAI and Weatherford are currently under progress • Commenced batch production Clean Energy – Hydro of new products for GKN Power, Wind Energy Aerospace, Rafael, Elbit, and an
Slide 6: Q3 & 9M FY26 Financial Performance
Q3 & 9M FY26 Financial Performance Revenues Revenues (Rs. (Rs. Crs) Crs) Gross Profit (Rs. Crs) EBIDTA (Rs. Crs) 49.7% 46.1% 48.4% 49.5% 19.1% 23.0% 17.6% 19.2% 570.1 282.4 492.9 238.4 109.4 86.7 278.0 128.1 64.0 174.5 86.7 33.3 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9
Slide 7: Working Capital Management
Working Capital Management Net Working Capital (in Days) Particulars (Days) Q3FY26 Q2FY26 300 274 267 266 Receivables 134 87 250 229 200 Inventory 210 282 157 161 150 146 139 128 RM 105 154 110 105 100 90 WIP 105 128 50 0 Mar-25 Jun-25 Sep-25 Dec-25 Payables 106 128 Other than WIP WIP Total Working
Slide 8: Well-balanced Portfolio (1/2)
Well-balanced Portfolio (1/2) Revenue in Rs. Crs Clean Energy – Civil Nuclear Clean Energy – Fuel Cells, Aerospace & Defence Hydel & Others Power 8% 11% 3% 2% 3% 9% 7% 14% 11% 13% 77% 61% 62% 70% 70% 61.9 93.2 441.7 416.9 398.1 351.2 72.3 43.8 64.5 58.7 195.6 30.9 18.4 16.6 6.2 FY23 FY24 FY25 Q3FY26
Slide 9: Well-balanced Portfolio (2/2)
Well-balanced Portfolio (2/2) Revenue in Rs. Crs Products & Others Geographical Break-up 4% 19% 22% 16% 15% Domestic Export 147.5 16% 19% 108.3 83.0 84% 81% 45.3 23.7 Q3FY26 9MFY26 FY23 FY24 FY25 Q3FY26 9MFY26 9
Slide 10: Q3 FY26 Consolidated Profit & Loss Statement
Q3 FY26 Consolidated Profit & Loss Statement 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
Slide 11: Annexure
Building Nation with Exceptional Engineering Annexure
Slide 12: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Historical Profit & Loss Consolidated Balance Sheet Abridged Cash Flow Statement Performance in Charts Capital Disciplined Approach
Slide 13: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement 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 3
Slide 14: Historical Balance Sheet – Equity & Liabilities
Historical Balance Sheet – Equity & Liabilities 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.
Slide 15: Historical Balance Sheet - Assets
Historical Balance Sheet - Assets 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
Slide 16: Abridged Consolidated Cash Flow Statement
Abridged Consolidated Cash Flow Statement Net Cash Flow from Operating Particulars (Rs in Cr) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22 Activates CFO/Revenue from Operation Operating profit before working capital changes 123.6 115.8 168.8 96.1 101.3 Changes in working capital -8.9 -37.2 -129.1 -108 Ca
Slide 17: Performance in Charts
Performance in Charts Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +9% -4% +28% 676.0 154.0 103.4 573.8 580.8 112.7 120.9 94.4 60.9 56.6 322.0 53.4 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross Profit Margins (%) EBITDA Margins (%) PAT Margins (%) 63.9% 29.3% 18.9% 18.0% 26.
Slide 18: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Debt to Equity (x) 19.9% 18.2% 0.28 0.24 0.23 14.2% 12.5% 11.7% 0.18 11.5% 8.7% 7.6% Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24 Mar-25 *RoCE = EBIT/Avg. Capital Employed #RoE = Net Profit/Avg. Total Equity Capital Employ
Slide 19: Thank You
Thank You MTAR Technologies Limited CIN: L72200TG1999PLC032836 Ms. Srilekha Jasthi – Head, Strategy & Investor Relations +91 76740 21818 srilekha@mtar.in Mr. Parth Patel Parth.patel@in.mpms.mufg.com Ms. Vidhi Vasa MUFG Intime India Private Limited Vidhi.vasa@in.mpms.mufg.com A part of MUFG Corporate