INOX India Ltd announces Q1 FY27 Results

India, Aug 04: INOX India Ltd (INOXCVA) has released its unaudited financial results for the first quarter ended June 30, 2026, as approved by the Board of Directors. The Company reported Profit After Tax (PAT) at ₹ 61 Cr for Q1 FY27. Quarterly revenue stood at ₹382 Cr, rising 8.3% YoY. EBITDA for the Quarter was at ₹ 90 Cr, up by 1.4%. For the first quarter, exports accounted for 58% of revenue with export sales at ₹ 222 Cr, reflecting continued international demand. The company secured order inflows totaling ₹532 Cr, taking total order book to ₹ 1,686 Cr signifying positive market confidence and the potential of industrial and clean energy sectors. Export orders now exceed ₹1,140 Cr, providing strong revenue visibility for the coming quarters.

The Industrial Gases division contributed 53% to the overall revenue during the Quarter. During Q1 FY27, the Company secured a major order from space exploration industry for large cryogenic storage tanks, along with an order for six additional tanks from the same customer, reinforcing INOX India’s position as a trusted partner in the global aerospace cryogenic infrastructure segment. The disposable cylinder business continued to witness healthy repeat orders from customers across global markets. The Company 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% 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.

During the quarter, the Cryo Scientific Division (CSD) contributed 20% to overall revenue. During the quarter, the Company secured a prestigious order from CERN for the manufacture of highly specialized cryogenic modules for one of the world’s most advanced particle physics research facilities, marking its entry into another globally renowned scientific institution. The Company also received another important repeat order from ITER, France, further strengthening its position in advanced scientific cryogenic engineering.

The Stainless-Steel Keg – During the quarter, the Company continued executing orders from leading global customers while expanding engagement with strategic brewery partners. The approved customer base now includes Heineken, AB InBev and Molson Coors, representing over 40% of global beer market volumes. INOX India also continued to expand its portfolio of specialized non-standard keg variants.

Other Strategic Developments:

• Company entered into a strategic partnership with WAYOUT, Sweden, for manufacturing modular water micro-factories in India, extending the Company’s advanced manufacturing capabilities into sustainable industrial solutions.
• Received the AS9100D aerospace quality certification, enabling INOX India to manufacture aerospace components for onboard flight applications and significantly expanding its addressable aerospace market.
• Partnered with ITM SLS Baroda University for establishing a dedicated skill development center focused on semiconductor pipeline fabrication and orbital welding, supporting India’s Semiconductor Mission.

Commenting on the Results, Deepak Acharya, Chief Executive Officer – INOX India Limited, added, “Q1 FY27 marks another milestone quarter for INOX India, highlighted by our highest-ever quarterly order inflow of approximately ₹532 crore, taking our current order book to a record ₹1,686 crore. Our export order book now exceeds ₹1,140 crore, reflecting the growing global acceptance of our engineering capabilities and providing strong revenue visibility for the coming quarters. The Quarter witnessed stronger presence in high-growth segments through repeat orders from the aerospace industry, our entry into India’s semiconductor ecosystem, prestigious orders from CERN and ITER, and continued progress across LNG infrastructure projects. We also received the AS9100D aerospace quality certification, enabling us to expand our participation into onboard aerospace applications, while our partnerships in semiconductor skill development and sustainable water solutions reinforce our focus on building new growth platforms. Backed by a record order book, diversified end markets, expanding global footprint and continued investments in technology and manufacturing capabilities, we remain confident of delivering sustainable long-term growth and creating enduring value for our stakeholders.”

Consolidated Q1 FY27 Financial Highlights (₹ crore)