INOX India announced record-breaking performance for Q2 FY26 and H1 FY26, achieving its highest ever sales, EBITDA, and PAT. The company reported a 16% year-over-year increase in consolidated revenue for the quarter, driven by robust order inflows and higher dispatches across key business segments. Order backlog reached INR 1,485 crores, providing strong revenue visibility. The company is optimistic about sustained growth, driven by innovation and global footprint expansion.
Exceptional Financial Performance
INOX India reported outstanding financial results for both the second quarter (Q2 FY26) and the first half (H1 FY26) of fiscal year 2026.
Key highlights include:
- Record Revenue: Consolidated revenue for Q2 FY26 increased by approximately 16% year-over-year, reaching INR 371 crores. For H1 FY26, total income stood at INR 723 crores, marking the highest ever H1 revenue in the company’s history.
- Strong Profitability: EBITDA for Q2 FY26 was INR 92 crores, up by 18% Y-o-Y. Profit after tax (PAT) grew by 22.9% Y-o-Y to INR 62 crores. H1 EBITDA reached INR 180 crores and PAT stood at INR 122 crores.
- Record Order Backlog: As of September 30, 2025, the order backlog reached a record high of INR 1,485 crores, with 63% from exports and 37% from the domestic market.
Segment Highlights
The company highlighted notable achievements across its various business segments:
- Industrial Gas Solutions: Demonstrated exceptional performance with prestigious order wins and successful project deliveries, including large cryogenic vessel orders from a leading U.S.-based aerospace company.
- LNG Solutions: Continued growth with secured satellite LNG power station projects and robust LNG vehicle fuel tank supplies to major OEMs.
- Cryo Scientific Division: Witnessed strong progress with new and follow-on orders, including major refurbishment contracts.
- Beverage Kegs Division: Gained traction across geographies, securing a significant order from a German company and actively bidding for substantial orders with major global breweries.
Growth Drivers and Outlook
Management is confident in sustaining its growth trajectory, citing a healthy order pipeline, an expanding global customer base, ongoing capacity expansion initiatives, and a diversified portfolio. The company anticipates continued benefits from government initiatives such as Make-in-India and rising demand for cleaner energy solutions.
Source: BSE
