INOX India Reports Strong Q2 FY26 Results With ₹371 Crore Revenue, 16% YoY Growth, And ₹62 Crore PAT; Exports Contribute 57% Of Total Revenue

INOX India Ltd (INOXCVA) has announced its unaudited financial results for the second quarter ended September 30, 2025, as approved by its Board of Directors. The company reported strong financial performance during the quarter, with total revenue reaching ₹371 crore, representing a 16% year-on-year increase. EBITDA stood at ₹92 crore, marking an 18% growth compared to the same period last year. Profit After Tax (PAT) rose by 22.9% year-on-year to ₹62 crore, demonstrating the company’s sustained operational efficiency and margin improvement.

Exports continued to play a vital role in INOXCVA’s growth, accounting for 57% of total revenue, with export sales amounting to ₹211 crore during the quarter. This strong export performance underscores the company’s continued international demand and its strategic expansion into new global markets. The company also secured fresh order inflows worth ₹374 crore, taking the total order backlog to ₹1,485 crore — a clear indicator of positive market sentiment and the increasing adoption of cryogenic technologies across industrial and clean energy applications.

For the first half of FY26, INOXCVA achieved its highest-ever H1 revenue, EBITDA, and PAT, reflecting consistent growth momentum. Revenue for H1 stood at ₹723 crore, up 16.3% year-on-year. EBITDA rose by 18.7% to ₹180 crore, while PAT increased by 20.9% to ₹122 crore. Export revenue for the first half amounted to ₹409 crore, representing a 24% year-on-year growth and contributing 56% to total revenues. This strong export mix further emphasizes the company’s solid presence in the global cryogenic market and its ability to capture opportunities in international clean energy sectors.

The Industrial Gases (IG) Division remained the leading contributor, accounting for 57% of total revenue during the quarter. The IG segment demonstrated robust performance, driven by significant international and domestic order wins. Notable achievements during the quarter included securing a major cryogenic vessel order from a US-based customer, the dispatch of RFTSA vessels for an air separation project, and a 90 KL liquid hydrogen tank order for a European semiconductor facility.

Overall, INOXCVA’s second quarter and first-half results highlight its strong execution capabilities, growing export footprint, and rising demand for advanced cryogenic solutions in industrial and clean energy markets. With a healthy order book and consistent financial growth, the company is well-positioned to capitalize on emerging global opportunities in hydrogen, LNG, and other sustainable applications.