INOXCVA announced strong financial results for Q2 and H1 FY26. Revenue for Q2 grew by 16.0% Y-o-Y to ₹371 Cr, with EBITDA increasing by 18.0% to ₹92 Cr. H1 revenue rose by 16.3% to ₹723 Cr, fueled by significant export growth. The company’s order backlog reached ₹1485 Cr, driven by demand in the industrial gases and clean energy sectors.
Key Financial Highlights
INOXCVA reported robust financial performance for the second quarter and first half of fiscal year 2026.
Q2 FY26 Performance
The company’s revenue for Q2 FY26 increased by 16.0% year-over-year, reaching ₹371 Cr. EBITDA for the quarter grew by 18.0% to ₹92 Cr, while PAT increased by 22.9% to ₹62 Cr. Export revenue for Q2 stood at ₹211 Cr, contributing 57% to total revenues. The company’s order inflow for the quarter was ₹374 Cr, bringing the total order backlog to ₹1485 Cr.
H1 FY26 Performance
INOXCVA reported its highest-ever H1 performance, with revenue increasing by 16.3% year-over-year to ₹723 Cr. EBITDA for H1 grew by 18.7% to ₹180 Cr, and PAT increased by 20.9% to ₹122 Cr. Export revenues for H1 reached ₹409 Cr, contributing 56% to total revenues.
Segment Performance
The Industrial Gases Division contributed 57% to the overall revenue during the quarter. Notable orders included a 1500 m3 cryogenic vessel from a US-based customer and a 90 KL liquid hydrogen tank order for a European semiconductor facility.
The LNG Division contributed 25% to overall revenue. During the quarter, the company received an order for LNG regasification for two small islands in The Bahamas.
The Cryo Scientific Division contributed 13% to overall revenue and secured two major refurbishment contracts.
The Beverage Kegs Division secured a 30,000-keg order from a German company.
Management Commentary
Deepak Acharya, Chief Executive Officer of INOX India Limited, commented that the results reflect robust execution and strategic momentum, delivering promising increases in revenues and PAT. He highlighted the sustained confidence in their technology, which is evident from order inflows and a growing order backlog.
Source: BSE
