INOX India Limited has reported its highest-ever financial performance for FY26, achieving ₹1,632 crore in annual revenue, a 21.2% year-over-year increase. The company saw robust growth across all divisions, particularly in industrial gases and cryogenic solutions. Driven by strong international demand and a healthy order backlog of ₹1,514 crore, the board has recommended a final dividend of ₹2 per share for the fiscal year.
Record Financial Performance
The company concluded FY26 on a high note, delivering strong operational results. For the final quarter (Q4 FY26), revenue reached a record ₹475 crore, marking a 24.2% year-over-year growth. Adjusted Profit After Tax (PAT) for the quarter stood at ₹72 crore, a 9% improvement compared to the same period last year. For the full fiscal year, the company achieved a record annual revenue of ₹1,632 crore and an adjusted PAT of ₹261 crore, growing by 19.3%.
Strategic Growth and Market Reach
Global demand continues to be a primary driver for the company, with exports accounting for 61% of total revenue in Q4. The company maintains a strong order backlog of ₹1,514 crore, reflecting confidence in its cryogenic engineering capabilities. A key strategic development includes the acquisition of land in Kandla for a new manufacturing facility, which will serve as the company’s fifth production site.
Segment Highlights
The Industrial Gases Division remains a core contributor, accounting for 50% of the quarterly revenue. Meanwhile, the LNG Division provided 32% of the revenue, bolstered by a landmark order from Cochin Shipyard. Additionally, the Cryo-Scientific Division and Beverage Keg Division continue to expand their presence globally, with the company now approved by major global breweries representing over 40% of the world’s beer market.
Dividend Recommendation
Reflecting the strong financial position and confidence in future growth, the Board of Directors has recommended a final dividend of ₹2 per share for the financial year 2025-26. This payment remains subject to final approval by the shareholders at the upcoming Annual General Meeting.
Source: BSE
