New Delhi, July 30 -- MTAR Technologies shares hit the 5% upper circuit on Thursday, 30 July, following the company's strong Q1FY27 results announced after market hours on Wednesday. The defence sector company reported a sharp improvement in profitability, supported by robust revenue growth and margin expansion.

MTAR Technologies' net profit surged nearly five-fold year-on-year to Rs.50.2 crore in the June quarter, compared with Rs.10.8 crore in the same period last year. Revenue from operations more than doubled to Rs.360 crore from Rs.157 crore a year ago.

The company's operating performance also strengthened, with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rising to Rs.85 crore from Rs.28 crore in the corre...