INOX India Ltd (INOXCVA) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a robust 26.6% year-on-year growth in Q2 FY27 revenue to ₹467 crore and a 7.8% increase in Profit After Tax (PAT) to ₹66 crore. The company also achieved a historic order backlog of over ₹2,268 crore.
INOX India Reports Strong Q2 FY27 Financials
INOX India Ltd (INOXCVA) has released its unaudited financial results for the second quarter and first half of the financial year 2026-27, ending on September 30, 2026. The Board of Directors approved these results, which showcase significant year-on-year growth across key financial metrics.
Q2 FY27 Performance Highlights
For the second quarter of FY27, INOX India reported a revenue of ₹467 crore, marking a substantial 26.6% increase compared to the same period last year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 10.8% to ₹100 crore, with the EBITDA margin standing at 21.3%. Profit After Tax (PAT) saw a 7.8% growth, reaching ₹66 crore, resulting in a PAT margin of 14.2%. Export revenue contributed 60% to the total revenue for the quarter. Notably, the company’s order backlog crossed a historic milestone of ₹2,268 crore.
H1 FY27 Performance Highlights
In the first half of FY27, INOX India’s revenue grew by 17.7% year-on-year to ₹849 crore. EBITDA for the period stood at ₹189 crore, reflecting a 6.2% growth, with an EBITDA margin of 22.3%. PAT for H1 FY27 increased by 3.6% to ₹127 crore, maintaining a PAT margin of 14.9%. Export revenue accounted for 59% of the total revenue in the first half.
Order Book and Future Outlook
The company secured order inflows totaling ₹1,028 crore during the September quarter, bolstering its total order book to ₹2,268 crore. This significant backlog signifies strong market confidence and potential from the industrial and clean energy sectors. Export orders alone amount to ₹1,628 crore, providing considerable revenue visibility for upcoming quarters. The company is also expanding its presence in high-potential sectors such as semiconductors and seeing traction in its Beverage Keg business.
CEO Commentary
Deepak Acharya, Chief Executive Officer of INOX India Limited, commented on the results: “INOX India continues to strengthen its market position, delivering consistent business momentum and a robust order pipeline across its key verticals. Q2 FY27 saw our order backlog cross ₹2,200 crore—the highest in the Company’s history—with the space sector contributing approximately ₹1,100 crore.” He highlighted the expansion into semiconductor infrastructure as a new growth opportunity and the increasing traction of the Beverage Keg business globally.
Consolidated Financial Highlights (₹ crore)
| Particulars | Q2 FY27 | Q2 FY26 | % Y-o-Y | H1 FY27 | H1 FY26 | % Y-o-Y |
|---|---|---|---|---|---|---|
| Total Revenue | 467 | 369 | 26.6% | 849 | 721 | 17.7% |
| EBITDA | 100 | 90 | 10.8% | 189 | 178 | 6.2% |
| PAT | 66 | 62 | 7.8% | 127 | 122 | 3.6% |
Source: BSE
