INOX India Ltd (INOXCVA) announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025. The company reported a significant year-on-year growth of 32.4% in adjusted Profit After Tax (PAT), reaching ₹68 Cr for Q3 FY26. Quarterly revenue stood at ₹436 Cr, marking a 27.4% increase YoY, while adjusted EBITDA for the quarter was ₹102 Cr, up by 34.2%. This quarter marks the company's highest ever quarterly revenue and adjusted EBITDA. The company demonstrated strong export performance, with export revenue at ₹271 Cr, contributing 62% to the total revenue, reflecting sustained international demand. Order inflows for the quarter totaled ₹392 Cr, increasing the total order book to ₹1457 Cr, indicating positive market confidence in the industrial and clean energy sectors. For the nine months ended December 31, 2025, adjusted PAT grew by 23.7% to ₹189 Cr, adjusted EBITDA increased by 23.0% to ₹281 Cr, and revenue stood at ₹1157 Cr, up 20.0% YoY. Exports for the nine-month period were ₹679 Cr, contributing 59% to the total revenue. Key business segment highlights include the Industrial Gases (IG) division contributing 59% to revenue, with significant international orders like cryogenic storage tanks for a US aerospace customer and liquid nitrogen container orders. The LNG segment, accounting for 25% of revenue, secured an LNG marine fuel tank order from a European customer and orders for an LNG terminal project in Africa. The Cryo Scientific Division (CSD), contributing 13% to revenue, received repeat orders from ITER, France. The Keg Division, contributing 1.4% to revenue, received its first-ever order from Heineken and approval from Molson Coors. Deepak Acharya, Chief Executive Officer – INOX India Limited, commented, “Our Q3 & 9M FY26 performance reflects sustained execution momentum across our diversified businesses, supported by robust order inflows, deepening customer engagements, and increasing acceptance of our engineered cryogenic solutions across global markets.” He added, “We are confident that the settlement of India’s bilateral agreements with major economies will boost the sentiment, and add further momentum to our business verticals.” INOX India Ltd also received the “Most Impactful ESG Initiative” and “Innovation in Distribution” awards at the Gasworld Global Innovation Awards held in Bangkok.
