INOX India Limited has reported its highest-ever annual revenue of ₹1,632 crore for FY26, marking a 21.2% year-on-year growth. The company’s Q4 performance was equally robust, with revenue reaching ₹475 crore. Growth was supported by strong demand across the industrial gas, LNG, and cryogenic segments, alongside a recommended final dividend of ₹2 per share for the fiscal year.
Fiscal Year 2026 Financial Highlights
For the fiscal year ended March 31, 2026, INOX India delivered exceptional financial results. The company achieved its highest-ever annual revenue of ₹1,632 crore, reflecting a robust 21.2% year-on-year growth. Profitability also saw significant improvement, with adjusted PAT increasing by 19.3% to ₹261 crore and adjusted EBITDA rising 20.2% to ₹388 crore.
Strong Fourth Quarter Performance
The final quarter of the fiscal year (January–March 2026) set a new milestone, with revenue climbing to ₹475 crore, a 24.2% year-on-year increase. Key performance indicators for the quarter included an adjusted EBITDA of ₹108 crore (up 13.4% YoY) and an adjusted PAT of ₹72 crore (up 9% YoY). Export revenue remained a significant driver, contributing 61% to the total quarterly revenue at ₹291 crore.
Segmental Growth and Strategic Milestones
INOX India’s diverse divisions contributed to the strong fiscal outcome:
- Industrial Gases: Remained the primary contributor, accounting for 50% of Q4 revenue, supported by a landmark aerospace-related order from a leading US-based private space company.
- LNG Division: Contributed 32% to quarterly revenue, bolstered by significant orders, including LNG marine fuel tanks from Cochin Shipyard.
- Cryo-Scientific: Contributed 12% to revenue, driven by repeat orders from ITER, France, and high-complexity defense projects.
- Beverage Kegs: Recorded a 31% increase in annual sales volume, achieving new global approvals from major brewers.
Future Outlook and Expansion
The company maintains a strong order backlog of ₹1,514 crore, signaling sustained confidence across the industrial and clean energy sectors. To support future growth, INOX India has strategically acquired land at Kandla for its fifth manufacturing facility. This expansion is designed to enhance production capabilities and continue the company’s trajectory in delivering scalable, high-value cryogenic solutions globally.
Source: BSE
