Innomet Advanced Materials Limited · NSE:INNOMET
Innomet Advanced Materials — H1 FY27 Earnings Presentation
25 slides from Innomet Advanced Materials's earnings presentation, Nov 3, 2026
Slide 1: Building the Next Frontier in Advanced Materials
EARNINGS PRESENTATION | H1 FY27 Building the Next Frontier in Advanced Materials Tungsten Heavy Alloys for Defence & Aerospace · Specialty Metal Powders 3 November 2026 | NSE: INNOMET 1st AS 9100D 10+ Private THA maker in India Aerospace certification Export countries
Slide 2: Contents
H1 FY27 EARNINGS PRESENTATION CONTENTS 1 H1 FY27 performance Revenue +137% to ₹55.7 Cr, PAT +136%; order book ₹36.7 Cr Slides 3–6 2 Growth engines Exports, defence, Swastik Tungsten and advanced materials Slides 7–10 3 Execution, capital & risks Capacity, capital deployment, cash flow, team and key
Slide 3: H1 FY27 Key Highlights
01 · H1 FY27 PERFORMANCE H1 FY27 KEY HIGHLIGHTS ₹55.7 Cr ₹8.2 Cr ₹4.75 Cr ₹3.64 Revenue EBITDA Profit After Tax EPS (basic) +137% YoY +93% YoY +136% YoY H1 FY26: ₹1.56 Half-yearly revenue and EBITDA (₹ Cr) H1 revenue tops all of Revenue EBITDA > FY26 FY26 55.7 revenue from exports 30.3 46% (FY26: 18
Slide 4: Management Commentary
01 · H1 FY27 PERFORMANCE MANAGEMENT COMMENTARY 1 Strong first half 2 Tungsten value chain Revenue grew 137% to ₹55.7 crore and PAT With the acquisition complete and pollution 136% to ₹4.75 crore, with EBITDA margin back and power clearances in place, Swastik has at 14.8%. Metal powder revenue more t
Slide 5: H1 FY27 Results: Consolidated P&L (₹ Cr)
01 · H1 FY27 PERFORMANCE H1 FY27 RESULTS: CONSOLIDATED P&L (₹ CR) ₹ CRORE H1 FY27 H1 FY26 YoY H2 FY26 FY26 Key takeaways Revenue from Operations 55.67 23.53 +137% 30.33 53.86 • Revenue +137% – above all of FY26; metal powders 2.2x, THA 6x Gross Margin 30.1% 34.5% (440) bps 25.6% 29.5% • Gross margin
Slide 6: Powders up 2.2x, THA up 6x in H1
02 · GROWTH ENGINES POWDERS UP 2.2X, THA UP 6X IN H1 Segment revenue, H1 (₹ Cr) Metal powder volumes, H1 (tonnes) Revenue mix, H1 H1 FY26 H1 FY27 256 Metal powders THA 38.1 184 14% 32% 17.7 17.6 86% 68% 2.9 H1 FY26 H1 FY27 Metal powders THA H1 FY26 H1 FY27 +39% +55% +116% YoY 6x YoY volume growth re
Slide 7: Exports: 15% to 46% of Revenue in a Year
02 · GROWTH ENGINES EXPORTS: 15% TO 46% OF REVENUE IN A YEAR Exports as % of revenue H1 FY27 revenue by market (₹ Cr) Why exports are growing 46.4% Domestic Exports • Defence restocking: global replenishment of depleted defence stockpiles is driving demand for THA Metal powders 27.6 10.6 • USA: excl
Slide 8: Defence: A Broader Materials Portfolio
02 · GROWTH ENGINES DEFENCE: A BROADER MATERIALS PORTFOLIO US$2.9 tn ₹7.85 lakh Cr ₹1.39 lakh Cr ₹38,424 Cr Global military spend, 2025 India defence budget FY27 Domestic procurement, FY27 Defence exports FY26 (+63%) We remain an advanced materials company, widening the range of products we make TOD
Slide 9: Backward Integration: Swastik Tungsten
02 · GROWTH ENGINES BACKWARD INTEGRATION: SWASTIK TUNGSTEN Bringing tungsten powder, the critical input for THA, in-house as global supply tightens SWASTIK TUNGSTEN – NOW CAPTIVE INNOMET CUSTOMERS Tungsten Carbide Tungsten metal Defence, aerospace scrap APT powder THA components & shielding 60+ sour
Slide 10: Next Frontier: Advanced Materials
02 · GROWTH ENGINES NEXT FRONTIER: ADVANCED MATERIALS ACQUIRING Spark Plasma Sintering PILOT Tungsten hexafluoride Production-scale, high-temperature SPS furnace being Small pilot plant under development; early talks with acquired from Germany (advance paid); among the first South Korean and Japanes
Slide 11: Capacity Roadmap (TPA)
03 · EXECUTION, CAPITAL & RISKS CAPACITY ROADMAP (TPA) Line FY26 FY27 FY28 FY29–FY31 What’s happening now METAL POWDERS Water atomisation 600 750 1,200 1,200 • 50 kg gas atomiser installed and in trials; production expected in the coming months Gas atomisation 20 50 150 150 IITH–DRDO gas atomisation
Slide 12: Capital Deployment
03 · EXECUTION, CAPITAL & RISKS CAPITAL DEPLOYMENT Sources 1 H1 capex ₹7.0 Cr 2 Swastik Tungsten 3 Water atomisation • Internal accruals Spent across the projects Operations commenced; Larger atomiser order under • Bank lines shown; DRDO separately funds producing ~2 t/month of progress, to lift cap
Slide 13: Balance Sheet: Low Debt, Funded for Growth
03 · EXECUTION, CAPITAL & RISKS BALANCE SHEET: LOW DEBT, FUNDED FOR GROWTH ₹ CRORE 30 Sep 26 31 Mar 26 0.36x ₹55.0 Cr ₹27.6 Cr EQUITY & LIABILITIES Debt / equity, steady vs Net worth, up 28% from Fixed assets & CWIP, up Net worth (incl. warrant money) 54.97 42.90 0.35x in Mar 26 ₹42.9 Cr in Mar 26 ₹
Slide 14: The Team Building the Next Frontier
03 · EXECUTION, CAPITAL & RISKS THE TEAM BUILDING THE NEXT FRONTIER New senior hires in 2026: decades of defence, metallurgy and materials-science experience, each mapped to a growth engine Shri P. Radha Krishna Dr Tapash Kumar Nandy Dr B.R.V. Narasimhan Sanjna Chilakapati Strategic Advisor Head, R&
Slide 15: Key Risks & Mitigation
03 · EXECUTION, CAPITAL & RISKS KEY RISKS & MITIGATION 1 Raw-material prices 2 Working capital 3 Lumpy defence orders Tungsten, copper and other metals can swing THA’s 3–9 month cycle needs inventory and Long approvals and stage-wise inspections margins and working capital longer receivables cause u
Slide 16: Competitive Moat
04 · OUTLOOK COMPETITIVE MOAT 1 High-temperature capability 2 Aerospace certification 3 Long defence qualification THA liquid-phase sintering at 1,500–1,800°C, AS 9100D since Sep 2025; new entrants face Gas gun trials and penetration tests take with furnaces, qualifications and approvals 6–12 months
Slide 17: Growth Strategy: Beyond ₹100 Cr
04 · OUTLOOK GROWTH STRATEGY: BEYOND ₹100 CR FY27 revenue path: ₹100 Cr within reach; H1 revenue and pending orders already cover over 90% ₹100 Cr H1 FY27 revenue ₹55.7 Cr Pending orders ₹36.7 Cr ₹1,000 Cr long-term vision + new orders, including short-cycle powders Tungsten heavy Tungsten value Adv
Slide 18: Innomet at a Glance
APPENDIX INNOMET AT A GLANCE 1976 1996 2004 2010 2024 2026 General engineering, Diamond tools Specialty metal powders Tungsten heavy alloys Listed on NSE Emerge Swastik Tungsten; BHEL ancillary advanced materials METAL & ALLOY POWDERS TUNGSTEN HEAVY ALLOYS (INNOTUNG) Since 2004 | 68% of H1 FY27 reve
Slide 19: Metal Powders: What We Make
APPENDIX METAL POWDERS: WHAT WE MAKE SPECIALTY, NOT COMMODITY 50+ 600 TPA ₹400–1,200 Regular grades, plus custom alloys Water-atomised; to 1,200 TPA Realisation per kg, by grade Products and applications • Products: copper, bronze, brass, nickel, tin, iron, stainless-steel, tool-steel and brazing po
Slide 20: Tungsten Heavy Alloys: Where They Go
APPENDIX TUNGSTEN HEAVY ALLOYS: WHERE THEY GO INNOTUNG IN A 120 TPA 60 TPA INNOTUNG IN AN AIRCRAFT HELICOPTER 15–18.5 g/cc 90–98% W powder THA (in- (Swastik) house) Density, close to gold Tungsten (INNOTUNG 90/95/98) Captive powder feeds THA Applications • Aerospace: balance weights, vibration dampe
Slide 21: How We Make It
APPENDIX HOW WE MAKE IT METAL POWDERS – molten metal broken into droplets by a jet of water or inert gas Melt Water jet Dry & reduce Sieve & blend Powder Water atomisation Copper, iron, nickel and High-pressure Dried and Screened to size Irregular particles 600 TPA alloys melted by water breaks melt
Slide 22: Financial Track Record
APPENDIX FINANCIAL TRACK RECORD Revenue, EBITDA and PAT (₹ Cr) The trajectory Revenue EBITDA PAT • 47% revenue CAGR, FY24–FY26 53.9 55.7 • H1 FY27 alone exceeds full-year FY26 revenue 32.5 • Margins dipped in FY26 as 24.9 tungsten prices rose 4.7x; recovering in H1 FY27 8.2 4.4 5.1 5.6 4.8 2.5 1.9 1
Slide 23: Promoters, Management & Board
APPENDIX PROMOTERS, MANAGEMENT & BOARD Board of Directors • Vinay Choudary Chilakapati – Chairman & MD • Saritha Devi Chilakapati – Whole- time Director & CFO • Lakshmi Kanthamma Chilakapati – Vinay Choudary Chilakapati Saritha Devi Chilakapati K. Ramesh Non-Executive Director • Sanjna Chowdary Chil
Slide 24: Sustainability: Green by Design
APPENDIX SUSTAINABILITY: GREEN BY DESIGN 280 kW ROOFTOP SOLAR ~20% 2.65 lakh Zero 100+ of power from solar solar units in FY26 untreated discharge native plant species • Rainwater harvesting and bio-STP; water reused on site 1 Green operations • Copper and steel scrap recycled into raw material • Po
Slide 25: Thank You
THANK YOU Building the Next Frontier in Advanced Materials Innomet Advanced Materials Ltd Investor relations: Wisdom IR B-31, BHEL Ancillary Estate, Muthukumar K | +91 98671 91576 Ramachandrapuram, Hyderabad – 502032 muthukumar@wisdomsmith.com +91 70368 69869 Vipin Kushwaha | +91 90391 41944 ir@inno
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