News ArticleINOX India Ltd Q2 FY27 Revenue Climbs 26.6% to ₹467 Cr with Record ₹2,268 Cr Order Backlog
Profit After Tax rises 7.8% to ₹66 Cr as Export Revenue Makes Up 60% of Sales; Strong Demand Across Industrial Gas and LNG Segments
INOX India Ltd announced its unaudited Q2 FY27 financial results with revenue rising 26.6% to ₹467 crore, EBITDA at ₹100 crore, and PAT increasing 7.8% to ₹66 crore. The company's order backlog reached a record ₹2,268 crore, bolstered by export revenue constituting 60% of total revenue and strong demand across industrial gas, LNG, cryogenic, and beverage keg segments.
INOX India Ltd
Financial Results
INOX India Ltd announced its unaudited consolidated financial results for Q2 FY27, reporting 26.6% year-on-year revenue growth to ₹467 crore. The order backlog reached a record ₹2,268 crore, driven by a 60% contribution from export revenues and robust demand in industrial gas, LNG, cryogenic, and beverage keg businesses.
For Q2 FY27, EBITDA rose by 10.8% year-on-year to ₹100 crore with an EBITDA margin of 21.3%, while Profit After Tax increased 7.8% to ₹66 crore, yielding a PAT margin of 14.2%.
The company’s export revenue stood at ₹279 crore for the quarter, representing 60% of total revenues and reinforcing international demand.
INOX’s order inflows in Q2 FY27 totaled ₹1,028 crore, lifting the total order book to ₹2,268 crore, the highest in the company’s history. Export orders comprise ₹1,628 crore of the backlog.
Segment-wise, Industrial Gas Solutions contributed 61% of quarterly revenue with increased production following the revamp of the liquid-cylinder manufacturing unit.
The LNG Solutions business accounted for 15% of revenue, securing orders for 40+ LNG semi-trailers and infrastructure projects including an LNG fuelling station for a city gas company and vertical tanks for a glass plant at Bharuch.
Highlights
- Q2 FY27 revenue grew 26.6% YoY to ₹467 crore.
- EBITDA for Q2 FY27 rose 10.8% YoY to ₹100 crore; EBITDA margin at 21.3%.
- PAT increased by 7.8% YoY to ₹66 crore with 14.2% PAT margin.
- Export revenue was ₹279 crore, contributing 60% to Q2 revenue.
- Order backlog reached ₹2,268 crore, highest in company history.
- Industrial Gas Solutions contributed 61% of Q2 revenue with increased liquid cylinder dispatches worth over ₹25 crore in H1 FY27 compared to last year’s 1600+ cylinders sold.
Key Data Snapshot
What happened
- INOX India Ltd released unaudited standalone and consolidated financial results for Q2 and H1 FY27.
- The company recorded a 26.6% year-on-year increase in revenue for Q2 FY27 to ₹467 crore.
- Profit After Tax rose 7.8% year-on-year to ₹66 crore in Q2 FY27.
- Order backlog reached ₹2,268 crore, setting a company record.
Key details
- Export revenue contributed 60% to total revenues in Q2 FY27 and 59% in H1 FY27, reflecting strong international demand.
- Order inflows for Q2 FY27 amounted to ₹1,028 crore, with export orders comprising ₹1,628 crore of the order backlog.
- The Industrial Gas Solutions division contributed 61% of Q2 revenue, with over 1500 liquid cylinders dispatched worth more than ₹25 crore in H1 FY27.
- LNG Solutions contributed 15% of Q2 revenue, securing orders for 40+ LNG semi-trailers and domestic infrastructure projects.
- Cryo-Scientific Division accounted for 17% of quarterly revenue with significant orders in scientific and aerospace sectors.
- Beverage keg sales grew approximately 446% year-on-year in Q2 FY27, supported by a three-year global supply agreement with a leading brewing company.
Business impact
- The diversified portfolio across industrial gas, LNG, cryogenic equipment, beverage kegs, and emerging semiconductor infrastructure positions INOX India for sustained growth.
- Record order backlog and increased exports provide strong revenue visibility for upcoming quarters.
- Expansion into semiconductor facility piping and launch of orbital welding training centre indicate entry into high-potential technology sector.
- The company focuses on disciplined execution, manufacturing productivity, quality control, and delivery to manage complex projects.
Next milestones
- Continue executing order backlog valued at ₹2,268 crore, including major aerospace and international projects.
- Pursue growth in semiconductor infrastructure with ongoing projects and skills development initiatives.
- Monitor and expand business in beverage kegs and LNG-powered rail mobility segments.
- Aim to translate strong order inflows and export demand into sustained financial performance in upcoming quarters.
Highlights
- Q2 FY27 revenue grew 26.6% YoY to ₹467 crore.
- EBITDA for Q2 FY27 rose 10.8% YoY to ₹100 crore; EBITDA margin at 21.3%.
- PAT increased by 7.8% YoY to ₹66 crore with 14.2% PAT margin.
- Export revenue was ₹279 crore, contributing 60% to Q2 revenue.
- Order backlog reached ₹2,268 crore, highest in company history.
- Industrial Gas Solutions contributed 61% of Q2 revenue with increased liquid cylinder dispatches worth over ₹25 crore in H1 FY27 compared to last year’s 1600+ cylinders sold.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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