INOX India Limited has informed the Exchange about Transcript
INOXINDIA · price
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INOX India reported Q1 FY'26 revenue of INR 352 crores (up 16.2% YoY), EBITDA of INR 89 crores (up 19.4%), and PAT of INR 61 crores (up 18.9%). Order backlog stood at an all-time high of INR 1,457 crores, with 63% from exports, and Q1 order inflow was INR 415 crores. Key wins include a INR 145 crore Cryostat Thermal Shield order from the ITER project, India's first ultra-high purity ammonia ISO containers for the semiconductor/solar sector, and a maiden CO2 battery storage order from an Italian company. The company received global approvals from Heineken and AB InBev for its beer keg business, with Asahi and Carlsberg audits scheduled for September/October. Management reaffirmed its 18-20% revenue growth target for FY'26 and plans to scale LNG fuel tank production capacity to 5,000-6,000 units annually, targeting 30,000-40,000 tanks over the next 3-5 years.
Strong Q1 results with EBITDA growth outpacing revenue growth and an all-time high order backlog signal robust business momentum. The mix of new high-margin product wins (ammonia containers, CO2 batteries) and large strategic orders (ITER, LNG infrastructure) should support sustained growth, though management flagged that overall margin expansion is limited by global competition.