INOX India Share Price Dips 4%; Revenue Rises 17% in Q1 FY26 Results

INOX India Ltd (INOXCVA) has reported its financial performance for the first quarter of FY26.

As per the unaudited results approved by the Board of Directors, the company posted a 16.7% year-on-year (YoY) rise in consolidated revenue to ₹352 crore, compared to ₹302 crore in Q1 FY25. Profit After Tax (PAT) rose 18.9% YoY to ₹61 crore, while EBITDA grew by 19.4% to ₹89 crore.

Export Contribution and Order Book Growth

Exports remained a key driver, contributing 56% of the total revenue, or ₹198 crore. The company’s order inflows for the quarter stood at ₹415 crore, taking the total order book to ₹1,457 crore. These figures reflect sustained international demand and growing interest in INOX’s cryogenic solutions for industrial gases and clean energy applications.

Segment-Wise Performance

Industrial Gases: This segment contributed 48% to overall revenue in Q1 FY26. The company secured significant orders, including India’s first UHP ammonia ISO containers and a pioneering CO₂ Battery project for long-duration energy storage. Orders from the US for disposable cylinders continued despite increased import tariffs, demonstrating tariff mitigation strategies and strong demand.

LNG: The LNG division contributed 29% of revenue. The company saw healthy order inflows, including a large number of fuel tank orders from Indian OEMs. Capacity expansion is underway to support rising demand, with regulatory support and market adoption driving segmental growth.

Cryo Scientific Division (CSD): INOX India secured a ₹145 crore order for Cryostat Thermal Shield (CTS) refurbishment following the successful completion of the VVTS. This enhances the company’s long-term engagement with the ITER project. In-house fabrication of 90% of the components ensures quality control and operational efficiency.

Keg Division: The company reported renewed interest in its Keg solutions, with approvals from Heineken, ABInBev, and breweries in Brazil. A major order from a German client also underscores global market acceptance.

INOX India Share Price Performance

On August 5, 2025, INOX India share price (NSE: INOXINDIA) opened at ₹1,100.00, down from its previous close of ₹1,174.90. At 10:19 AM, the share price of INOX India was trading at ₹1,126.30, down by 4.14% on the NSE.

Also Read: INOX India Secures ₹373 Crore Orders Across Cryogenic Segments, Boosting Global Presence!

Conclusion

INOX India delivered a solid Q1 FY26, backed by financials, export-led growth, and strategic order wins across divisions. The company remains well-positioned for long-term expansion, supported by capacity enhancements and diversified global demand.

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