Innomet Advanced Materials has secured a purchase order worth Rs. 1,05,42,002 from Bharat Dynamics, a Government of India enterprise under the Ministry of Defence. The order, dated May 29, 2026, was received for the company's tungsten heavy alloys division and is classified as a domestic award. This development strengthens the company's order book within the defence sector.

The disclosure was made to the National Stock Exchange of India in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Saritha Devi Chilakapati, Whole-Time Director & CFO, confirmed that the delivery of the order will be executed in accordance with the schedule specified in the purchase order.

The filing confirmed that neither the promoter group nor group companies hold any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Order Details

Innomet Advanced Materials reported a revenue of ₹5,386.41 lakh for the financial year ended March 31, 2026, a significant increase from ₹3,252.48 lakh in the previous year. The company posted a profit of ₹157.27 lakh for FY26, compared to ₹186.53 lakh in FY25. The Board of Directors approved the audited standalone financial results and appointed Dr. Venkata Sai Kiran Chakravadhanula as an Additional Director in the Non-executive independent category during its meeting on May 23, 2026.

The financial statements received an unmodified opinion from statutory auditors CN D & Associates. The company appointed P. S. Rao & Associates as secretarial auditors for a period of five years and M/s. V D P & Co as internal auditors for FY 2026-2027.

Financial Performance

Revenue from operations for the year ended March 31, 2026, stood at ₹5,386.41 lakh. Total income rose to ₹5,418.32 lakh from ₹3,291.10 lakh in the prior year. Total expenses increased to ₹5,177.77 lakh from ₹3,030.34 lakh. Profit Before Tax was ₹240.55 lakh, down from ₹260.75 lakh in FY25. Earnings per share (EPS) for the year were ₹1.22, compared to ₹1.64 in the previous year.

Segment and Geographic Revenue

The company operates in two product segments: Metal Powder and Tungsten Heavy Alloy. Metal Powder revenue was ₹4,059.92 lakh, while Tungsten Heavy Alloy contributed ₹1,326.49 lakh for the year ended March 31, 2026. Domestic revenue accounted for ₹4,403.60 lakh, and export revenue was ₹982.81 lakh.

Key Disclosures

During the half year ended September 30, 2025, the company recognized unbilled revenue of ₹295.50 lakh, which was reversed in FY26 as it was not billed. Additionally, development expenditure of ₹204.93 lakh capitalized during the same period was reversed to ₹12.86 lakh based on a professional certificate, with the excess amount recognized as an expense.