INOX India Ltd announced its unaudited financial results for the second quarter and half year ended September 30, 2026. For Q2 FY27, the company reported a revenue of ₹467 crore, marking a 26.6% year-on-year growth. EBITDA increased by 10.8% to ₹100 crore, while Profit After Tax (PAT) grew by 7.8% to ₹66 crore. The order backlog reached a historic high of ₹2,268 crore.
INOX India Reports Strong Q2 and H1 FY27 Financial Results
INOX India Ltd (INOXCVA) has released its unaudited financial results for the second quarter and half year ended September 30, 2026, approved by the Board of Directors. The company demonstrated robust growth across key financial metrics, driven by strong demand in its diverse business segments.
Q2 FY27 Performance Highlights
In the second quarter of FY27, INOX India recorded a total revenue of ₹467 crore, representing a significant year-on-year increase of 26.6%. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) saw a growth of 10.8%, reaching ₹100 crore, with an EBITDA margin of 21.3%. Profit After Tax (PAT) for the quarter was ₹66 crore, up by 7.8% year-on-year, with a PAT margin of 14.2%. Export revenue contributed 60% to the total revenues, amounting to ₹279 crore, reflecting sustained international demand.
H1 FY27 Performance Highlights
For the first half of FY27, INOX India reported a revenue of ₹849 crore, a 17.7% increase compared to the same period last year. EBITDA for H1 FY27 stood at ₹189 crore, marking a growth of 6.2%, with an EBITDA margin of 22.3%. PAT for the half year was ₹127 crore, a 3.6% increase year-on-year, and the PAT margin was 14.9%. Export revenue for H1 FY27 was ₹501 crore, contributing 59% to the total revenues.
Record Order Backlog
The company’s order backlog crossed a historic milestone, reaching ₹2,268 crore. This significant backlog is supported by strong order inflows of ₹1028 crore during the second quarter. Export orders specifically contributed ₹1628 crore to this backlog, underscoring the company’s strong position in global markets and providing substantial revenue visibility for the upcoming quarters. The space sector is a notable contributor, accounting for approximately ₹1,100 crore of the order backlog.
Segmental Performance and Outlook
The Industrial Gas Solutions division contributed 61% to the overall revenue, showing healthy demand for industrial gas equipment. The LNG Solutions division, contributing 15%, is benefiting from the emphasis on energy security and reliable infrastructure, with increasing traction in the semi-trailer segment and new orders for LNG fuelling stations. The Cryo-Scientific and Advanced Engineering Solutions division accounted for 17% of revenue, securing significant orders for specialized cryogenic equipment. The Beverage Kegs business demonstrated strong momentum, with sales growing approximately 446% year-on-year and a three-year global supply agreement with a leading brewing company for over 400,000 kegs.
INOX India is also expanding into the high-potential semiconductor infrastructure sector, having commenced the initial piping scope at a facility in Dholera. The company has also inaugurated an orbital welding skill excellence centre to enhance workforce capabilities in precision welding.
Deepak Acharya, Chief Executive Officer of INOX India Limited, commented, “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.
We are also expanding our presence in high-potential sectors. Our established Industrial Gas Solutions, LNG and Cryo-Scientific businesses continue to secure strategic orders, while our entry into semiconductor infrastructure marks an important new growth opportunity. Having commenced the initial piping scope at a leading semiconductor facility in Dholera, we are positioning ourselves to participate in the expanding semiconductor ecosystem. Our Beverage Keg business is gaining traction globally, with approvals from four of the five key international beverage companies targeted.
Our performance reflects the strength of our engineering capabilities, customer relationships and diversified business models. With each passing quarter, we are building greater scale, strengthening our market leadership and expanding our addressable opportunities. Our focus remains on disciplined execution, operational excellence and translating this growing order momentum into sustainable long-term growth.”
Standalone Financials
The unaudited standalone financial results for the quarter and half year ended September 30, 2026, show revenue from operations at ₹44,532.34 lakh for the quarter and ₹80,232.32 lakh for the half year. Profit after tax for the quarter was ₹6,459.02 lakh, and for the half year, it was ₹12,095.84 lakh.
Consolidated Financials
The consolidated financial results for the quarter ended September 30, 2026, show revenue from operations at ₹45,648.37 lakh. Profit after tax for the quarter was ₹6,656.32 lakh, and for the half year, it was ₹12,463.52 lakh. The consolidated order backlog reached ₹2,268 crore.
Source: BSE
