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Time of India
29-05-2025
- Business
- Time of India
Operation Sindoor: How India's homegrown weapons outclassed Chinese arms
India's Operation Sindoor was more than a stunningly successful military campaign; it was a showcase of cutting-edge technology, a clear message to global defence markets, and a strategic model for the future. According to military expert John Spencer , India demonstrated to the world the true meaning of self-reliance in modern warfare, proving that the vision of "Atmanirbhar Bharat" stands strong even in the heat of battle. Pakistan: China's proxy In a post on X, Spencer said India engaged the conflict as a sovereign power, utilising precision weaponry that it independently designed, manufactured, and deployed with superior battlefield command. In contrast, Pakistan operated as a proxy force, relying heavily on Chinese military hardware — equipment produced primarily for export rather than for battlefield superiority. When put to the test, these systems faltered, revealing the fundamental weaknesses in Islamabad's defense strategy and shortcomings of Chinese-made weapons systems. India wins market battle too The global financial markets also responded swiftly. Indian defense stocks soared, with Paras Defence & Space climbing 49% in May, while MTAR Technologies and Data Patterns also gained significant investor confidence. Conversely, Chinese defense companies such as AVIC, NORINCO, and CETC experienced sharp declines as the realities on the battlefield undermined their market claims. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Operation Sindoor transcended a mere military engagement; it served as a powerful demonstration of technological prowess, a clear signal to markets, and a strategic roadmap. India showcased the strength of self-reliance in modern warfare, affirming that the vision of 'Atmanirbhar Bharat' holds true even under the most demanding conditions. How Indian weapons trumped Chinese arms In a long post on X titled ' India's Operation Sindoor: A Battlefield Verdict on Chinese Weapons—And India's Victory ', Spencer went into detail on how India-made defence systems easily intercepted and destroyed Chinese weapons, and how India was able to bypass Chinese defence systemts to effectively strike all terror and military targets deep inside Pakistan. Spencer credited initiatives such as 'Make in India' and 'Atmanirbhar Bharat' for India's stellar performance during Operation Sindoor. "India's transformation into a modern defense power began in 2014, when PM Modi launched the "Make in India" initiative. Within a few years, systems like the BrahMos missile, K9 Vajra howitzer, and AK-203 rifle were being produced inside India — many with technology partnerships but increasing domestic control." "Then came a second wave. In 2020, the combined shock of the Covid-19 pandemic and the Galwan Valley clash with China exposed the fragility of foreign supply chains and the urgency of operational self-reliance. In response, PM Modi unveiled Atmanirbhar Bharat. By 2025, India had increased domestic content in defense procurement from 30% to 65%, with a goal of 90% by the decade's end." "Operation Sindoor pitted India's indigenously developed weapons systems against Chinese-supplied platforms fielded by Pakistan. And India didn't just win on the battlefield — it won the technology referendum. What unfolded was not just retaliation, but the strategic debut of a sovereign arsenal built under the twin doctrines of Make in India and Atmanirbhar Bharat," said Spencer. India's homegrown, battle-tested weapons BrahMos supersonic cruise missile Jointly developed with Russia but largely manufactured in India, the BrahMos is one of the fastest and most precise cruise missiles in the world. Flying at Mach 2.8–3.0 with a 290–500 km range, it was used to strike high-value targets like radar stations and hardened bunkers. Its speed and low radar cross-section make it nearly impossible to intercept. Akash SAM + Akashteer system The Akash surface-to-air missile, developed by DRDO (Defence Research and Development Organisation) and Bharat Dynamics, is an all-weather, mobile air defense system with a range of 25–30 km. It was integrated with the Akashteer Command & Control System, an AI-enhanced air defense network that provides real-time data fusion, enabling coordinated response to multiple airborne threats—including drones, cruise missiles, and aircraft. Rudram anti-radiation missile India's first indigenously developed anti-radiation missile, Rudram-1 homes in on enemy radar emissions and neutralizes air defense networks. It was deployed to silence Pakistani ground-based radars and degrade situational awareness in key sectors of the Line of Control (LoC). BATTLEFIELD ISR: Netra Airborne Early Warning and Control (AEW&C) Built by DRDO on an Embraer platform, Netra is India's indigenous airborne early warning and control aircraft. It provided real-time tracking of enemy aircraft and missiles, vectoring Indian jets for deep-strike missions. Its effectiveness was evident when Pakistan's Swedish Saab 2000 AEW&C was destroyed by a long-range missile. Loitering munitions (SkyStriker, Harop) India deployed Harop and SkyStriker drones—precision-guided 'kamikaze' munitions that loiter over the battlefield and dive onto enemy targets. Harop is manufactured under license by Israel Aerospace Industries (IAI) and Bharat Electronics Limited (BEL) aka IAI-BEL; SkyStriker is assembled domestically through an Elbit JV. They were used to destroy mobile radars, convoys, and high-value enemy infrastructure with minimal collateral damage. D4S Counter-Unmanned Aerial Vehicle (UAV) System An indigenous multi-layer drone defense system integrating radar, radio frequency (RF) jammers, Electro-Optical/Infrared (EO/IR) sensors, and kinetic kill options. India's Drone Detect, Deter, and Destroy System (D4S) neutralized dozens of Chinese-made Pakistani drones. The system reflects India's transition from reactive air defense to proactive electronic warfare dominance. M777 Ultra-Light Howitzer Imported from the US but integrated into Indian mountain warfare doctrine, this howitzer was used with Excalibur precision-guided shells to strike terrorist camps without crossing the LoC. Its airliftability and rapid deployment made it ideal for high-altitude operations. T-72 Main Battle Tanks and Zorawar Light Tanks India deployed upgraded T-72s along the LoC for overwatch roles. The Zorawar, a new light tank optimized for high-altitude terrain, is under development. These systems signal India's continued investment in mobility and firepower in challenging Himalayan terrain. Airborne platforms: Rafale, Su-30MKI, Mirage 2000 India deployed some of its most advanced fighter jets during Operation Sindoor. The Rafale, a French-made multirole combat aircraft, led deep precision strikes using SCALP long-range cruise missiles to hit fortified enemy positions. It also carried Meteor air-to-air missiles, capable of hitting targets over 100 kilometers away—giving India a decisive edge in air combat. The Su-30MKI, a Russian-designed twin-engine heavy fighter built under license in India, and the Mirage 2000, another versatile French jet, provided firepower and flexibility, launching multiple strike packages and ensuring airspace control. These jets flew under the protective umbrella of the Netra Airborne Early Warning and Control (AEW&C) system, which acted like an eye in the sky—tracking enemy aircraft and coordinating the battlespace. Meanwhile, Rudram anti-radiation missiles were used in Suppression of Enemy Air Defenses (SEAD) missions, disabling enemy radar and air defense systems to ensure safe air operations. Pakistan's China-made arsenal JF-17 Thunder (Block II/III) Produced in Pakistan but designed and built by China's AVIC, the JF-17 relies on Chinese avionics, radar, engine (RD-93), and weapons. During Sindoor, these aircraft failed to gain air superiority or contest Indian strikes. Their limited payload, outdated radar, and poor survivability were evident under Indian EW and air defense pressure. F-16 Fighting Falcons (US) Though technically superior to JF-17s, Pakistan's F-16s are restricted by U.S. end-user agreements, barring their use against India. As a result, they were sidelined during Sindoor—leaving Pakistan without a frontline air dominance platform. HQ-9 / HQ-16 SAM Systems Chinese imitations of Russia's S-300 and Buk systems, the HQ-9 and HQ-16 were deployed to intercept Indian air and missile attacks. However, they failed under India's jamming and deception operations. These systems were easily bypassed by BrahMos and loitering drones, revealing critical weaknesses. LY-80 & FM-90 Air Defense Older short- and medium-range SAM systems, also Chinese-made. Both were unable to detect or stop India's low-flying drones and precision munitions. This forced Pakistan to rely on passive air defense rather than any credible kinetic response. CH-4 Drones (China) Used extensively by Pakistan for ISR and light strike roles, CH-4s were repeatedly downed or jammed. They underperformed in terrain and electronic environments dominated by India's D4S system. Reports emerged that Turkish drone operators had to be brought in to manage UAVs—revealing both equipment and personnel dependency. Saab 2000 AEW&C (Sweden) Pakistan's key airborne early warning platform. One was destroyed—likely by an S-400 system—crippling Pakistan's airspace awareness and blinding command and control functions. By the end of the campaign, Pakistan had lost key radar stations, its premier AEW&C aircraft, dozens of drones, and its ability to contest Indian airspace.
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Business Standard
23-05-2025
- Business
- Business Standard
MTAR Tech shares surge after strong Q4 earnings; profit up multifold
Shares of MTAR Technologies surged nearly 5 per cent in Friday's intraday session after it reported a multifold increase in its net profit for the fourth quarter of the previous financial year (Q4FY25). MTAR Tech's stock rose as much as 4.83 per cent during the day to ₹1,743.6 per share, the biggest intraday gain since May 13 this year. The stock pared gains to trade 0.25 per cent higher at ₹1,667 apiece, compared to a 1.1 per cent advance in Nifty 50 as of 11:05 AM. Shares of the company gained for the third straight day on Friday and have risen over 20 per cent from its recent lows of ₹1,368, which it hit earlier this month. The counter has risen 0.5 per cent this year, compared to a 5.3 per cent advance in the benchmark Nifty 50. MTAR Tech has a total market capitalisation of ₹5,108.71 crore. MTAR Tech Q4FY25 results The company reported a net profit of ₹13.7 crore in the January to March quarter of FY25, as compared to ₹4.8 crore in the same period last year. The surge in the bottom line comes as the revenue from operations rose 28.1 per cent to ₹183 crore in the quarter under review. In the first quarter of the previous year, the company reported a revenue of ₹142.9 crore. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 87 per cent to ₹34.1 crore in the March quarter. The Ebita margin of MTAR Tech expanded to 18.6 per cent from 12.7 per cent earlier. MTAR Tech management commentary The company maintained a healthy growth trajectory in FY25 by registering 16 per cent growth in revenue year-on-year (Y-o-Y), Parvat Srinivas Reddy, managing director, MTAR Technologies. "Nearly ₹200 crore of revenue is generated from new products added over the past couple of years, underscoring the trust of our customers and technological leadership." There shall be a sequential improvement in Ebitda margins over the coming quarters as we scale up the production of first article orders across various sectors, he added. About MTAR Tech MTAR Technologies is a national player in the precision engineering industry engaged in the manufacture of mission-critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through our precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured. Since its inception in 1970, Mtar has grown into a major group with facilities with an unparalleled history of contributing to the Indian Civilian Nuclear Power program, Indian Space program, Indian Defence, Global Defence, as well as Global Clean Energy sectors. The company has the machining, assembly, specialised fabrication, painting, and special processes facilities available under one roof, which are probably considered as one of the best facilities available in India, as well as in Asia.
Business Standard
23-05-2025
- Business
- Business Standard
MTAR Tech Q4 PAT spurts 182% YoY
MTAR Technologies reported a 181.72% year-on-year (YoY) surge in consolidated net profit to Rs 13.72 crore for the quarter ended March 2025 (Q4 FY25), compared to Rs 4.87 crore in the corresponding quarter last year. The sharp rise in profit was supported by a 26.57% increase in revenue from operations, which stood at Rs 179.24 crore. Profit before tax surged 158.97% YoY to Rs 18.62 crore in Q4 FY25. EBITDA came in at Rs 34.2 crore, up 87.5% from Rs 18.2 crore in Q4 FY24. Despite the rise, the EBITDA margin contracted slightly to 18.7% from 12.7% in the previous year. The companys order book stood at a robust Rs 979.4 crore as of 31 March 2025, signaling healthy demand visibility. On a full-year basis, the company's net profit fell 5.74% to Rs 52.89 crore on a 15.95% rise in revenue to Rs 664.65 crore in FY25 over FY24. Parvat Srinivas Reddy, managing director & promoter, MTAR Technologies, said, We have maintained a healthy growth trajectory in FY 25 by registering 16% growth in revenue YoY. Nearly Rs 200 crore of revenue is generated from new products added over the past couple of years, underscoring the trust of our customers and technological leadership. There shall be a sequential improvement in EBITDA margins over the coming quarters as we scale up the production of first article orders across various sectors. MTAR Technologies is a leading manufacturer engaged in the manufacturing and development of mission-critical precision-engineered systems catering to clean energycivil nuclear power, fuel cells, hydel & others, space, and defense sectors. The company has a long-standing relationship of over four decades with leading Indian organizations and global OEMs. It has seven strategically based manufacturing units, including an export-oriented unit, each based in Hyderabad, Telangana. Shares of MTAR Technologies shed 0.14% to Rs 1,661.40 on the BSE.
Business Standard
23-05-2025
- Business
- Business Standard
MTAR Technologies consolidated net profit rises 181.72% in the March 2025 quarter
Sales rise 26.57% to Rs 179.24 crore Net profit of MTAR Technologies rose 181.72% to Rs 13.72 crore in the quarter ended March 2025 as against Rs 4.87 crore during the previous quarter ended March 2024. Sales rose 26.57% to Rs 179.24 crore in the quarter ended March 2025 as against Rs 141.61 crore during the previous quarter ended March 2024. For the full year,net profit declined 5.74% to Rs 52.89 crore in the year ended March 2025 as against Rs 56.11 crore during the previous year ended March 2024. Sales rose 15.95% to Rs 664.65 crore in the year ended March 2025 as against Rs 573.24 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 179.24141.61 27 664.65573.24 16 OPM % 19.0512.87 - 18.1819.66 - PBDT 28.2413.10 116 103.8196.20 8 PBT 18.627.19 159 71.5773.04 -2 NP 13.724.87 182 52.8956.11 -6
News18
19-05-2025
- Business
- News18
Armed For Gains: Defence Sector Hits Record Valuation Post Explosive 50% Rally Since Feb
Last Updated: Defence stocks rally to new highs with Mcap surging 50% since February. Nifty India Defence Index gains as investor confidence strengthens Defence Stocks Rally: India's defence sector is on a strong offensive as a continued rally in defence stocks pushes the combined market capitalisation of 18 listed defence companies to an all-time high of Rs 11.23 lakh crore. This reflects rising investor confidence and renewed interest in the sector. The latest valuation marks a significant leap from the previous peak of Rs 10.09 lakh crore recorded in July 2024 and represents a sharp 50% surge from the February 2025 low of Rs 6.95 lakh crore. The Nifty India Defence Index has been on a consistent upward trajectory. After registering a steep correction of 33% between July 2024 and February 2025, the index has bounced back strongly, climbing 9% so far in May following gains of 11.5% in April and 24.6% in March. Since hitting its low in February, the index has recovered over 50%, demonstrating strong momentum in the defence space. Despite this broad recovery, only six of the 18 listed stocks have surpassed their previous record highs. The remaining counters continue to trade below peak levels. However, some stocks have emerged as clear outperformers. Ten companies that hit 52-week lows during March and April have since staged powerful rallies, with returns ranging from 55% to 112%. These include DCX Systems, MTAR Technologies, Dynamatic Technologies, Cyient DLM, Unimech Aerospace and Manufacturing, Data Patterns, Mishra Dhatu Nigam, Astra Microwave Products, Hindustan Aeronautics (HAL), and BEML. Additionally, eight other defence stocks that touched 52-week lows earlier in 2024 have seen remarkable recoveries, delivering gains between 58% and 200%. Among these are Cochin Shipyard, Bharat Dynamics, Mazagon Dock Shipbuilders, Zen Technologies, Bharat Electronics, Solar Industries India, Paras Defence and Space Technologies, and Garden Reach Shipbuilders. The uptrend has been supported by a mix of geopolitical developments and strong policy signals. Rising tensions between India and Pakistan earlier this year set the stage for increased market interest. The rally was further fueled by Prime Minister Narendra Modi's reaffirmation of support for indigenous defence manufacturing under the government's flagship 'Make in India' and Atmanirbhar Bharat programmes. His call for boosting modern warfare capabilities and expanding India's defence production base has raised expectations of continued capital and policy support. Investor sentiment also got a lift from reports that more than a dozen countries have shown interest in purchasing the BrahMos missile system, following its effective demonstration during Operation Sindoor, which highlighted India's growing capabilities in defence technology. Mutual Funds Reload On Defence Holdings Mutual funds have increased their exposure to the sector, adding to the momentum. In April, fund managers raised their holdings in 11 of the 18 listed companies. HAL led the inflows with Rs 505 crore, bringing the total MF stake in the company to Rs 13,480 crore. Solar Industries India saw Rs 119 crore in inflows, taking its MF holding to Rs 15,510 crore, while Mazagon Dock Shipbuilders attracted Rs 78 crore, pushing MF exposure to Rs 1,727 crore. Other stocks that saw positive MF inflows include Zen Technologies, BEML, Data Patterns, Garden Reach Shipbuilders, Mishra Dhatu Nigam, and Dynamatic Technologies, with investments ranging between Rs 2 crore and Rs 60 crore. On the flip side, Bharat Electronics experienced the largest outflows, with mutual funds trimming stakes by Rs 893 crore, reducing total holdings to Rs 33,619 crore. Smaller outflows were also recorded in Cochin Shipyard, Astra Microwave Products, Unimech Aerospace, and MTAR Technologies. Defence: A Tactical and Structural Investment Opportunity Experts remain bullish on the sector's prospects. Sandeep Bagla of Trust Mutual Fund said rising geopolitical risks are likely to drive sustained increases in defence spending, positioning the sector as a compelling multi-year investment opportunity. Anil Rego of Right Horizons PMS described the defence space as both a tactical and structural play, driven in the near term by higher defence budgets and procurement momentum, and supported in the long term by consistent government investment, a growing export pipeline, and reforms aimed at innovation and self-reliance. First Published: May 19, 2025, 10:46 IST
