19/6/2025, 4:54:02 pm

MTAR Technologies rebounds 3% after securing 10-year contract

MTAR Technologies announced a 10-year supply agreement with Weatherford, starting with Rs 10 crore in FY26 and scaling to Rs 90 crore annually from FY27. FY25 revenue rose 16.4% to Rs 676 crore, missing targets, with EBITDA up 7.2% but margins slipping. The March quarter saw strong growth, with revenue up 28%, EBITDA nearly doubling, and net profit almost tripling. Shares rose 0.5% to Rs 1,701.