INOX India Reports Highest Revenue in Q4 and FY26, Driven by Exports and Infrastructure Projects

INOX India Reports Highest Revenue in Q4 and FY26, Driven by Exports and Infrastructure Projects​

Vadodara/Mumbai, May 12, 2026: INOX India Ltd. announced its audited financial results for the fourth quarter and the full fiscal year ending March 31, 2026. The company reported its highest-ever Q4 Revenue of ₹475 Cr for Q4 FY26, reflecting a strong 24.2% year-over-year (YoY) growth. For the full fiscal year, the company posted an annual Revenue of ₹1,632 Cr in FY26, showcasing robust 21.2% YoY growth.

Financial performance across the quarter and the year demonstrated significant growth in key metrics. Adjusted EBITDA for the fourth quarter rose 13.4% YoY to ₹108 Cr, while Adjusted Profit After Tax (PAT) increased by 9% YoY to ₹72 Cr. For the full year, Adjusted EBITDA grew 20.2% YoY to ₹388 Cr, and Adjusted PAT rose 19.3% YoY to ₹261 Cr.

According to the financial highlights, the company’s export revenue stood at ₹291 Cr in Q4 FY26, contributing 61% of total revenues. For the entire fiscal year, export revenue reached ₹971 Cr, marking a 37.7% YoY increase.

Operational and Strategic Milestones​

Operationally, the company secured order inflows of ₹504 Cr during the quarter, pushing the total order backlog to ₹1,514 Cr. Furthermore, INOX India confirmed the acquisition of land at Kandla, a site slated for developing its fifth manufacturing facility, following existing locations in Kalol, Savli, and Silvassa.

Sector-wise, the Industrial Gases Division contributed 50% to the overall revenue during Q4 FY26. This segment benefited from strong export demand and healthy order inflows. The company also secured a major aerospace-related order from a leading US-based private space company for large cryogenic storage tanks.

The LNG Division contributed 32% to the revenue in the quarter. Key projects included receiving a landmark LNG marine fuel tank order from Cochin Shipyard for LNG-powered vessels. Additionally, the company dispatched the first batch of 5x1,500 cubic meter tanks for the Bahamas Mini LNG Terminal project and received an LCNG station order from Gujarat Gas.

Other divisions also recorded milestones. In the Beverage Keg Division, the quantity of kegs sold saw a 31% increase in FY26, supported by supplies to global breweries including Heineken, AB InBev, and Molson Coors. During FY26, the company achieved a significant milestone in transport equipment, with annual sales of transport tanks and semi-trailers surpassing 300 units for the first time. The Cryo-Scientific Division (CSD) received a repeat order from ITER, France, related to cryostat panel modification work.

Board Recommendations and Outlook​

For the full year ended March 31, 2026, the Board of Directors recommended a dividend of Rs 2 per share, subject to shareholders' approval.

Deepak Acharya, Chief Executive Officer of INOX India Limited, highlighted that FY26 was strong due to robust execution and rising exports. He noted that the milestones achieved, such as the aerospace order and the Cochin Shipyard order, further strengthen the long-term growth pipeline. Acharya expressed optimism regarding opportunities across LNG infrastructure, aerospace, clean energy, scientific infrastructure, and advanced cryogenic applications, asserting that the company is well positioned for scalable growth with its expanding global footprint and upcoming Kandla facility.

INOXINDIA Stock Price Movement​

Shares of INOX India Limited slipped today, shedding 2.28% to settle at ₹1411.4, following a decline of ₹33.30. The equity saw heavy trading action, closing its session on a volume of 189,577 shares.