INOX India Ltd (INOXCVA) has reported its unaudited
financial results for the first quarter ended June 30, 2026, following approval
by its Board of Directors.
The company reported Profit After Tax (PAT) of Rs610 million
for Q1 FY27. Quarterly revenue stood at Rs 3.82 billion, rising 8.3 per cent
year-on-year, while EBITDA increased 1.4 per cent to Rs900 million.
Exports accounted for 58 per cent of revenue during the
quarter, with export sales reaching Rs2.22 billion, reflecting continued
international demand. The company secured order inflows totalling Rs5.32
billion, taking its total order book to Rs16.86 billion, signalling positive
market confidence and the potential of the industrial and clean energy sectors.
Export orders now exceed Rs11.40 billion, providing strong revenue visibility
for the coming quarters.
The Industrial Gases division contributed 53 per cent of
overall revenue during the quarter. In Q1 FY27, INOX India secured a major
order from the space exploration industry for large cryogenic storage tanks,
along with an order for six additional tanks from the same customer,
reinforcing its position as a trusted partner in the global aerospace cryogenic
infrastructure segment.
The disposable cylinder business continued to receive
healthy repeat orders from customers across global markets. INOX India also
entered the semiconductor infrastructure space by securing initial orders for
transportation tanks for semiconductor manufacturing facilities in Dholera.
The Cryoseal liquid cylinder business continued to gain
traction in India, supported by expansion of the dealer network and enhanced
manufacturing automation.
The LNG division contributed 22 per cent of the company’s
overall revenue during the quarter. The decline in global LNG prices improved
the economic viability of LNG as a transportation fuel, resulting in renewed
momentum in LNG fuelling infrastructure.
During the quarter, the company secured multiple orders for
LNG fuelling stations while continuing to strengthen its leadership in the LNG
semi-trailer segment. Installation activities commenced following the delivery
of the first batch of large storage tanks to the mini-LNG terminal project site
in The Bahamas. The initial success of the project in The Bahamas has also
created new opportunities for satellite LNG stations.
The Cryo Scientific Division (CSD) contributed 20 per cent
of overall revenue during the quarter. The company also secured a prestigious
order from CERN for the manufacture of highly specialised cryogenic modules for
one of the world’s most advanced particle physics research facilities, marking
its entry.