INOX India reported a strong performance for Q2 and H1 FY26, with revenue growth of 16.0% in Q2 to ₹371 Cr and 16.3% in H1 to ₹723 Cr. EBITDA increased by 18.0% (Q2) and 18.7% (H1). The company’s order backlog reached ₹1485 Cr, signifying positive market confidence and future growth potential. Export revenues contributed significantly, accounting for 57% of total revenue in Q2.
Financial Performance Highlights
INOX India announced robust financial results for the second quarter and first half of fiscal year 2026. Key performance indicators include:
- Q2 FY26 Revenue: Grew by 16.0% year-over-year to ₹371 Cr.
- Q2 FY26 EBITDA: Increased by 18.0% year-over-year to ₹92 Cr.
- Q2 FY26 PAT: Increased by 22.9% year-over-year to ₹62 Cr.
- H1 FY26 Revenue: Rose by 16.3% year-over-year to ₹723 Cr.
- H1 FY26 EBITDA: Increased by 18.7% year-over-year to ₹180 Cr.
- H1 FY26 PAT: Increased by 20.9% year-over-year to ₹122 Cr.
Segmental Performance
The Industrial Gases Division played a crucial role, contributing 57% to the overall revenue during the quarter. The segment demonstrated strong performance through both international and domestic orders, including a 1500 m3 cryogenic vessel order from a US customer, RFTSA vessel dispatch, and an order for a 90 KL liquid hydrogen tank for a European semiconductor facility.
The LNG Division accounted for 25% of the total revenue. A key order during the quarter was for LNG regassification for small islands in The Bahamas.
The Cryo Scientific Division contributed 13%. Two major refurbishment contracts underscore their expertise in cryogenic solutions.
Order Backlog and Outlook
INOX India’s strong order inflows led to a total order backlog of ₹1485 Cr. The company has secured a 30,000-keg order from a German company in the Beverage Kegs Division. The company is strategically focused on capitalizing on the increasing global demand for advanced cryogenic solutions.
Source: BSE