INOX India Ltd (INOXCVA) has delivered a robust financial performance for the quarter and year ended March 31, 2026. The company reported its highest-ever Q4 revenue of ₹475 crore, marking a 24.2% year-on-year growth. For the full fiscal year, the company achieved a record annual revenue of ₹1,632 crore. This growth is driven by significant order inflows in the industrial gas, LNG, and aerospace sectors, bolstered by a strong export performance.
Financial Performance Highlights
The company achieved significant growth in its financial metrics for both the final quarter and the entire fiscal year. Q4 FY26 revenue reached ₹475 crore, a 24.2% increase compared to the same period in the previous year. Adjusted EBITDA for the quarter rose by 13.4% to ₹108 crore, while Adjusted PAT stood at ₹72 crore, representing a 9% year-on-year growth. For the full FY26, the company recorded an annual revenue of ₹1,632 crore, reflecting a 21.2% robust growth, with Adjusted PAT climbing 19.3% to ₹261 crore.
Export Growth and Order Backlog
International demand remained a key driver, with export revenue contributing 61% to total revenues in Q4, amounting to ₹291 crore. The company secured ₹504 crore in new orders during the quarter, bringing the total order backlog to ₹1,514 crore. This reflects strong market confidence across industrial and clean energy sectors.
Segment and Strategic Developments
Key developments across business divisions include:
- Industrial Gases: Accounted for 50% of Q4 revenue and included a landmark aerospace order from a US-based private space company.
- LNG Division: Contributed 32% of quarterly revenue, marked by a major order from Cochin Shipyard for marine fuel tanks and progress on the Bahamas Mini LNG Terminal project.
- Cryo-Scientific Division: Contributed 12% of revenue, supported by repeat orders from ITER, France.
- Beverage Keg Division: Reported a 31% increase in unit sales, bolstered by new approvals from global giants like Heineken, AB InBev, and Molson Coors.
Strategic Expansion
To support its long-term growth, INOX India has acquired land at Kandla for a new manufacturing facility. This will serve as the company’s 5th manufacturing location, further strengthening its production capacity alongside its existing sites in Kalol, Savli, and Silvassa.
Source: BSE
