INOX India Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
INOXINDIA · price
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INOX India reported strong Q3 FY26 results with consolidated revenue up 27.4% year-on-year to ₹436 crore and adjusted EBITDA rising 34.2% to ₹102 crore. Adjusted profit after tax (PAT) grew 32.4% YoY to ₹68 crore, though reported standalone PAT grew only about 3% to ₹59.1 crore due to a ₹8.49 crore one-time arbitration expense. Export revenue hit a record ₹271 crore (62% of total) and order inflows of ₹392 crore took the order book to ₹1,457 crore. For nine months FY26, revenue rose 20% to ₹1,157 crore, adjusted EBITDA grew 23% to ₹281 crore, and adjusted PAT rose 23.7% to ₹189 crore. The company also booked a ₹8.49 crore exceptional expense from a US arbitration award (Taylor-Wharton Non-Compete case) and recognised about ₹3.24 crore as one-time impact from India's new Labour Codes.
Strong operational momentum with record quarterly revenue, exports and order book, but headline PAT growth is muted on a reported basis because of the arbitration payout and labour code transition costs. Investors should note that the company's 'adjusted' figures exclude these items, so underlying earnings power is healthier than the reported PAT suggests. The arbitration loss appears one-off and contained, but the new Labour Codes will add a recurring layer to employee benefit costs.