INOX India Ltd (INOXCVA) announced its unaudited financial results for the second quarter and half year ended September 30, 2026. For Q2 FY27, revenue grew 26.6% year-on-year to ₹467 crore, with EBITDA up 10.8% to ₹100 crore. Profit After Tax (PAT) increased by 7.8% to ₹66 crore. The company also reported a record order backlog of ₹2,268 crore.
INOX India Announces Q2 and H1 FY27 Financial Results
Vadodara/Mumbai, November 3, 2026 – INOX India Ltd (INOXCVA), a leading manufacturer of cryogenic equipment, has released its unaudited financial results for the second quarter and the first half of the fiscal year 2027 (FY27), as approved by its Board of Directors. The results indicate robust growth across key financial metrics and a record order backlog.
Q2 FY27 Performance Highlights
In the second quarter of FY27, the company achieved a revenue of ₹467 crore, marking a significant year-on-year increase of 26.6%. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) saw a growth of 10.8% to ₹100 crore, with an EBITDA margin of 21.3%. Profit After Tax (PAT) for the quarter rose by 7.8% to ₹66 crore, resulting in a PAT margin of 14.2%. Export revenue for Q2 FY27 stood at ₹279 crore, contributing 60% to the total revenues, highlighting strong international demand.
H1 FY27 Performance Highlights
For the first half of FY27, INOX India reported a revenue of ₹849 crore, an increase of 17.7% compared to the same period last year. The EBITDA for H1 FY27 was ₹189 crore, up 6.2%, with an EBITDA margin of 22.3%. PAT for the first half grew by 3.6% to ₹127 crore, maintaining a PAT margin of 14.9%. Export revenue for H1 FY27 amounted to ₹501 crore, representing 59% of total revenues.
Record Order Backlog and Segment Performance
The company’s order backlog has reached a historic high of ₹2,268 crore, signifying strong market confidence and future revenue visibility, particularly from the industrial and clean energy sectors. The space sector alone contributes approximately ₹1,100 crore to this backlog. INOX India continues to expand its presence in high-potential sectors, with established businesses in Industrial Gas Solutions, LNG, and Cryo-Scientific securing strategic orders.
The Industrial Gas Solutions division contributed 61% to the overall revenue, showing healthy demand for storage and transportation equipment. The LNG division contributed 15%, benefiting from demand for LNG transportation and infrastructure. The Cryo-Scientific and Advanced Engineering Solutions division accounted for 17% of revenue, securing orders for specialized cryogenic equipment. The Beverage Keg business also demonstrated strong momentum with significant year-on-year sales growth.
Future Outlook
INOX India is exploring new opportunities in the semiconductor sector, having commenced initial piping work at a semiconductor facility. The company also inaugurated an orbital welding skill excellence centre, aiming to enhance welding expertise. With a focus on disciplined execution, operational excellence, and leveraging its strong order pipeline, INOX India is poised for sustainable long-term growth.
Source: BSE
