INOX India (INOXINDIA) investor relations material

Executive summary

• Q1 FY26 revenue reached ₹352 Cr, up 16.7% YoY, with EBITDA at ₹89 Cr and PAT at ₹61 Cr, and exports contributing 56% of revenue.

• Order backlog as of June 30, 2025, stood at ₹1,457 Cr, with 63% from exports and strong inflows across all business segments.

• The company is a leading global provider of customized cryogenic equipment, focused on clean energy initiatives and robust product innovation.

• Major product launches included India’s first ultra-high-purity ammonia ISO tank and significant orders in industrial gases, LNG, and cryo-scientific segments.

• Strong order inflows of ₹415 Cr in Q1, with diversified customer base and operations in 100+ countries.

Financial highlights

• Q1 FY26 consolidated revenue was ₹352 Cr, EBITDA ₹89 Cr, and PAT ₹61 Cr, with margins improving to 25.1% EBITDA and 17.3% PAT.

• Export revenue share increased to 56% in Q1 FY26.

• Order backlog reached ₹1,457 Cr, up from ₹1,356 Cr in Q1 FY25.

• Available funds as of Q1 FY26 were ₹275 Cr, providing ample liquidity and a net cash position.

• Highest ever sales in LNG division (₹100+ Cr), LNG fuel tanks (144–145 units), and IMO tanks (18 units) in Q1 FY26.

Outlook and guidance

• Management targets 18–20% revenue growth for FY26, with EBITDA growth expected to outpace revenue.

• LNG and hydrogen segments expected to grow over 20% annually, driven by OEM demand, regulatory support, and global decarbonization.

• Industrial Gas segment projected to grow steadily at 15–17% with new product introductions.

• Cryoscientific and beverage keg segments are poised for significant expansion as new approvals and orders materialize.

• Capacity expansion underway in LNG segment to meet rising demand.