Guidance ledger · Q4 FY26

MTAR Technologies Ltd MTARTECH

4 revisions on record · 1 lowered · 3 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised FY27 Revenue Growth Q3 FY26 → Q4 FY26

~~~50% (Q3FY26 first commitment)~~ → ~80% +/-5% (raised in Q4FY26)

“raising our guidance for FY '27 from 50% revenue growth to 80% plus -revenue growth, plus/minus 5%, with clear EBITDA margins of around 24% for the year”

↓ lowered FY26 Closing Order Book Q3 FY26 → Q4 FY26

~~INR2,800 crores (Q3FY26 target)~~ → INR2,580 crores (Q4FY26 actual, ~INR250cr nuclear + defense deferred)

“The closing order book for FY '26 is at INR2,580 crores, and we had given a guidance of INR2,800 crores.”

↑ raised FY27 EBITDA Margin Q1 FY26 → Q4 FY26

~~21% +/-100bps (FY26 maintained)~~ → ~24% (Q4FY26 raised for FY27)

“ending t he year at about around 24% EBITDA margins for the year.”

↑ raised FY27 Closing Order Book Target Q3 FY26 → Q4 FY26

~~Not previously disclosed~~ → ~INR5,000 crores

“And the estimated closing order book would be close to about INR5,000 crores at the end of the year.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.