MTAR TECHNOLOGIES Q2 FY27: FY27 REVENUE GROWTH GUIDANCE OF 80%; ₹5,976 CR ORDER BOOK & MAJOR CAPACITY EXPANSION PLANS

• FY27 Revenue Guidance: Management expects revenue growth of 80% in FY27, supported by strong order execution, Clean Energy and Aerospace & Defence businesses • Margin Guidance: FY27 EBITDA margin targeted at 24% ±100 bps, implying a range of 23–25% • Order Book: Total order book reached ₹5,976.5 Cr as of September 2026, with fresh orders worth ₹1,207.2 Cr secured during Q2 • Nuclear Power Orders: Secured its largest single order of ₹504 Cr for Kaiga 5 & 6 nuclear projects, along with over ₹130 Cr of reactor refurbishment orders in FY27 • Clean Energy Growth: Clean Energy order book stood at ₹4,075.5 Cr, providing strong revenue visibility amid rising demand for fuel cells and energy infrastructure • Data Centre Expansion: Received ₹45 Cr of first-article orders from SLB for data centre infrastructure components; expects significant additional orders after successful qualification • Data Centre Facility:Leased a dedicated manufacturing facility, with first-article execution planned over the next six months and production ramp-up expected thereafter • Oil & Gas Expansion: New greenfield manufacturing facility for Weatherford and other customers, also supporting Fuel Cell Phase 2 expansion, expected to be commissioned by November 2026 • Fuel Cell Capacity:Phase 3 capacity expansion at a new facility targeted for completion by March 2027 to support increasing customer demand • Aerospace & Defence: Received orders for AMCA landing gear support structure and fuselage door assemblies; expects significant orders for LCA Tejas Mark IA actuator assemblies • Global Aerospace Growth:Volume production progressing for GKN and Thales programmes, while IAI first-article qualification is targeted for completion during FY27 • Profitability Improvement: EBITDA margin expanded to 24.4% from 12.5% YoY and 23.6% QoQ • Cash Flow: H1 FY27 operating cash flow increased to ₹350 Cr from ₹39.8 Cr YoY, supported by improved working capital movements • Capex & Future Plans:Expanding manufacturing capacity across Fuel Cells, Oil & Gas and Data Centre infrastructure, while focusing on automation, asset utilisation and operational efficiency. No specific fresh capex budget disclosed

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