INOX India Ltd (INOXCVA) reported a robust Q1 FY26 performance, with revenue rising 16.7% year-on-year to Rs352 crore and Profit After Tax (PAT) increasing 18.9% to Rs61 crore. EBITDA for the quarter stood at Rs89 crore, up 19.4% YoY. Export revenue contributed Rs198 crore, accounting for 56% of total revenues, reflecting strong global demand for cryogenic solutions.
The company secured Rs415 crore in new orders, expanding its total order book to Rs1,457 crore. Among its key achievements was the launch of India’s first ultra-high-purity (UHP) ammonia ISO tank container, a critical product for semiconductor and solar supply chains.
INOX also received audit approvals from Heineken, the world’s second-largest brewery, for its Savli-based stainless-steel keg manufacturing facility, and secured a prestigious Rs145 crore order from ITER for refurbishment of the Cryostat Thermal Shield.
Deepak Acharya, CEO of INOX India Ltd, said: “FY26 has begun on a strong note, with robust order inflows across all divisions. Our Industrial Gases business saw healthy growth, marked by breakthrough orders like India’s first UHP Ammonia ISO containers and a pioneering CO? battery project. The LNG division continued its growth trajectory with supply of large number of LNG Fuel tanks to OEMs in India. We are committed to become a key catalyst in the LNG mobility space, and have therefore laid out plans for capacity expansion to meet rising demand for LNG fuel tanks. In the Cryo-Scientific space as well, we secured a Rs145 Cr order for the Cryostat Thermal Shield repair under the ITER project, further deepening our role in global fusion energy. Renewed approvals from brewing majors and entry into new markets are driving momentum in our Keg division. With a diversified portfolio and strong market tailwinds, we are confident of sustaining growth throughout FY26.”
INOX’s diversified segments—Industrial Gases, LNG, Cryo Scientific, and Kegs—are all showing upward momentum, positioning the company for sustained growth in clean energy, mobility, and global scientific infrastructure.
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