The amendment is to an order dated November 12, which was worth $30.88 million. The amendment is inclusive of an incremental order worth $10.29 million, taking the total order value to $41.17 million.
The change in the value is due to the exchange rate fluctuation on different date.
MTAR Technologies stated that neither its promoters nor group companies have any interest in the undisclosed international entity that placed the order, and the contract does not fall under related-party transactions.
Based in Hyderabad, MTAR Technologies is a manufacturer of precision components and systems for India’s defence, aerospace, and clean energy sectors.
On December 6, it received orders worth ₹194 crore from Megha Engineering & Infrastructures Ltd (MEIL) for the supply of end fittings and associated components for the civil nuclear power sector to be executed by April 2028.
Last month, the company said it raised FY26 revenue growth guidance to 30-35% from 25% earlier. “The second half would be almost like twice of revenue as a first half. Our guidance would be up by about 30 to 35% in revenue, and we would maintain our margins at 21% plus minus 100 basis points,” Parvat Srinivas Reddy, MD of MTAR Technologies told CNBC-TV18.
The company’s order book at the end of the September quarter stood at ₹1,296.6 crore.
Shares of MTAR Tech are trading 1% higher on Monday at ₹2,370. The stock has risen 41% so far in 2025.
(With Inputs From Rhea Bhatia)
