Innomet Advanced Materials has secured a purchase order worth Rs 76,97,000 from Enar Weld Braze Pvt. Ltd for its Metal Powder Division, strengthening its order book in the domestic market. The order, dated June 13, 2026, involves the supply of materials and must be executed according to the delivery schedule specified in the purchase order. This development underscores the company's capability to attract business from domestic manufacturing entities.

The transaction was disclosed to the National Stock Exchange of India Limited on June 15, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Saritha Devi Chilakapati, Whole-Time Director & CFO, confirmed the receipt of the order in the regulatory filing. The company clarified that the promoter, promoter group, or group companies hold no interest in the entity awarding the order.

Order Details

The disclosure provided specific details regarding the nature and scope of the transaction. The purchase order is categorized as a domestic transaction and falls outside the purview of related party transactions. The total consideration for the order is fixed at Rs 76,97,000.

Innomet Advanced Materials Limited reported a 66% year-on-year increase in revenue from operations to ₹53.86 crore for the financial year ended March 31, 2026, compared with ₹32.52 crore in FY25. This growth was driven by higher business volumes across both Metal Powders and Tungsten Heavy Alloys divisions, along with a substantial increase in exports. EBITDA increased to ₹5.61 crore from ₹5.06 crore in the previous year. However, EBITDA margins declined from 15.6% to 10.4% primarily due to a sharp increase in raw material prices, particularly tungsten, copper and base metals, alongside higher business development and certification expenses.

The company disclosed these financial details during its earnings conference call held on June 03, 2026. The transcript of the call was submitted to the National Stock Exchange on June 06, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management stated that no unpublished price sensitive information was discussed during the call.

Financial Performance

The company’s revenue mix improved structurally during the year. The contribution of tungsten heavy alloy to revenues increased from 21.6% in FY25 to 24.6% in FY26, a rise of 300 basis points. Exports nearly doubled their contribution, growing from 9.7% of revenues in FY25 to 18.3% in FY26. Depreciation increased by 45% due to investments in manufacturing infrastructure and capability enhancement initiatives.

Strategic Developments and Order Book

Innomet secured orders exceeding ₹35.99 crore within the first two months of FY27, providing strong visibility for the new financial year. A significant portion of this order book, approximately 77%, is attributed to exports, with a major single order valued at around ₹15 crore from Scope Metals, Israel. The company also received the AS9100D aerospace certification during FY26, enhancing its credibility with global aerospace and defence customers.

In February 2026, the company acquired a 57.5% stake in Swastik Tungsten through the NCLT process to strengthen backward integration. The acquisition cost was approximately ₹1.5 crore. This move secures a critical raw material source and opens a new business vertical for tungsten metal powders and carbide components. Additionally, Innomet was selected for a DRDO-supported project with a sanctioned outlay of approximately ₹8.73 crore to establish an advanced inert gas atomization facility for aerospace and defence applications.

The filing was submitted by Saritha Devi Chilakapati, Whole-Time Director & CFO of the company.