Shares of Lokesh Machines climbed 2% to hit the upper circuit at ₹323.10 after the company announced that it had secured a ₹58.21 crore contract from the Master General Sustenance Branch, Integrated Headquarters, Ministry of Defence (Army), Government of India.
The order covers the supply of modification (MOD) kits for 7.62 mm medium machine guns, strengthening the company’s presence in India’s defense manufacturing sector.
Lokesh Machines stated that the contract is not a related-party transaction and confirmed that neither its promoters nor members of the promoter group have any direct or indirect interest in the award.
The company manufactures special purpose machines (SPMs), CNC/general-purpose machines (GPMs), connecting rods, and machined cylinder blocks and cylinder heads for multiple industrial applications.
On the financial front, Lokesh Machines reported a significant improvement in performance during Q4 FY26, with standalone net profit rising to ₹2.15 crore, compared with ₹0.13 crore in the corresponding quarter of the previous year. Revenue from operations also recorded robust growth, increasing 53.4% year-on-year to ₹59.36 crore for the quarter ended 31 March 2026.
