What was INOX India's revenue in Q3 FY26?

INOX India reported revenue of ₹429 Cr in Q3 FY26, a +27% change year-over-year.

Did INOX India management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

INOX India Q3 FY26 Research Workspace: Revenue ₹429 Cr (+27%)

Q: What guidance did INOX India management give?

FY27 revenue growth target of 18-20%: Management expects to continue 18-20% revenue growth in FY27, driven by strong order pipeline and capacity expansion.

Revenue ₹429 Cr +27%

EBITDA ₹102 Cr +34%

PAT ₹61 Cr +32%

EBITDA Margin 22% +120bps

Duration 56 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Inox India delivered a record quarter with total income of ₹436 crore (+27% YoY), the highest ever quarterly sales, driven by strong execution across industrial gas, LNG, and cryoscientific segments. Export revenue hit a record ₹271 crore (+34% YoY), supported by robust demand for cryogenic storage, liquid cylinders, and disposable cylinders. EBITDA margin expanded to 23.4% (+120bps YoY) due to favorable product mix and operating leverage. Order backlog stands at ₹1,457 crore (63% exports), providing strong visibility. Management guided for 18-20% revenue growth in FY27, with potential upside from large orders in aerospace, LNG, and space projects. Key risks include lumpy order dependency and slower ramp-up in the keg business.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Lumpy order dependency

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Quarter Snapshot

Order Backlog ₹1,457 Cr

+12% QoQ

Order backlog provides strong revenue visibility; 63% from exports.

Disposable Cylinder Orders (Q3) 700,000 units

+40% YoY

Record quarterly order from US customer; 9-month volume exceeds entire FY25.

LNG Semi-Trailer Market Share 85%

Flat YoY

Over 250 LNG semi-trailers now operating in India, commanding dominant market share.

Liquid Nitrogen Container Orders (Q3) 20,000 units

+100% YoY

Highest ever quarterly order intake for CryoSil brand; 9-month orders exceed 50,000 units.

Fast read

Guidance and risk preview

Top guidance FY27 revenue growth target of 18-20%

Management expects to continue 18-20% revenue growth in FY27, driven by strong order pipeline and capacity expansion.

Top risk Lumpy order dependency

Order inflows are dependent on large, lumpy orders which can cause quarterly volatility; management acknowledged that standard orders are ~300-350...