INOX India has delivered an outstanding performance for the fiscal year ending March 31, 2026, reporting its highest-ever annual revenue of ₹1,632 crore, a 21.2% year-on-year growth. The company’s fourth-quarter revenue also peaked at ₹475 crore, driven by strong international demand and healthy order inflows. Additionally, the board has recommended a final dividend of ₹2 per equity share, subject to shareholder approval.
Annual and Quarterly Financial Highlights
For the financial year 2025-26, INOX India achieved record-breaking growth with a total revenue of ₹1,632 crore, representing a 21.2% increase compared to the previous year. The company’s adjusted EBITDA rose to ₹388 crore (up 20.2%), while adjusted profit after tax (PAT) climbed to ₹261 crore, a 19.3% improvement. In the fourth quarter, the company recorded its highest-ever revenue of ₹475 crore, reflecting strong operational momentum.
Strategic Growth and Operational Milestones
The company continues to see strong demand across its core divisions. Exports remained a significant growth driver, contributing 61% to quarterly revenue and 59% to the full-year revenue. Key milestones during FY26 included the company’s annual sales of transport tanks and semi-trailers crossing 300 units for the first time, and the distribution of over 2 million disposable cylinders. Furthermore, INOX India secured a strategic aerospace-related order from a leading U.S.-based private space company and is expanding its manufacturing footprint with new land acquired in Kandla.
Segment Performance
Industrial Gases led the quarterly performance, contributing 50% to total revenue. The LNG Division followed, accounting for 32% of quarterly revenue, supported by significant orders from Cochin Shipyard and Gujarat Gas. The Cryo-Scientific Division and Beverage Keg Division also provided robust support, contributing 12% and 6% to the quarterly revenue, respectively, with the latter seeing a 31% increase in keg sales volume year-on-year.
Dividend Recommendation
Recognizing the company’s strong financial position and growth, the Board of Directors has recommended a final dividend of ₹2 per equity share (100%) for the financial year 2025-26. The record date for determining shareholder eligibility for this dividend has been set for Tuesday, June 9, 2026, pending formal approval at the company’s upcoming Annual General Meeting.
Source: BSE
