INOX India Limited has reported its strongest-ever quarterly and annual financial performance for FY26, supported by rising exports, healthy order inflows, and expanding opportunities across LNG infrastructure, aerospace, industrial gases, scientific infrastructure, and beverage systems. The company posted its highest-ever quarterly revenue of ₹475 crore during Q4 FY26, registering a year-on-year growth of 24.2%. Adjusted EBITDA for the quarter stood at ₹108 crore, up 13.4% over the corresponding period last year, while adjusted profit after tax rose 9% year-on-year to ₹72 crore.
For the full financial year ended March 31, 2026, INOX India reported annual revenue of ₹1,632 crore, reflecting a robust 21.2% increase compared to the previous year. Adjusted EBITDA for FY26 increased 20.2% year-on-year to ₹388 crore, while adjusted PAT grew 19.3% to ₹261 crore.
Exports continued to remain a major growth driver for the company. Export revenue stood at ₹291 crore during Q4 FY26, contributing 61% of quarterly revenues, while full-year export revenue reached ₹971 crore, accounting for nearly 59% of annual turnover.
The company also recorded strong order momentum during the quarter, securing fresh orders worth ₹504 crore, taking its total order backlog to ₹1,514 crore. INOX India announced that it has acquired land at Kandla to establish a new manufacturing facility, which will become the company’s fifth production location after Kalol, Savli, Silvassa, and its existing Kandla operations. The upcoming facility is expected to support future growth across industrial gas, LNG, and advanced cryogenic infrastructure segments.
The Industrial Gases Division contributed nearly half of the company’s total revenue during the quarter. Growth in the segment was supported by strong export demand and rising sales across transport tanks, liquid cylinders, and Cryoseal products.
During Q4 FY26, the company secured a major aerospace-related order from a leading private space company in the United States for large cryogenic storage tanks, strengthening its position within the global aerospace cryogenic infrastructure market. INOX India also crossed an important milestone in transport equipment during FY26, with annual sales of transport tanks and semi-trailers surpassing 300 units for the first time in the company’s history.
The company’s LNG business delivered another strong year, contributing 32% of quarterly revenue. The division secured a significant LNG marine fuel tank order from Cochin Shipyard Limited for LNG-powered vessels being developed for a major international shipping company. The order includes six LNG fuel tanks of 800 cubic meters each.
INOX India also continued dispatches for the Bahamas Mini LNG Terminal project and maintained leadership in India’s LNG semi-trailer segment with over 250 LNG semi-trailers currently operating across the country. The Cryo-Scientific Division contributed 12% to quarterly revenue and secured repeat business from the ITER fusion energy project in France. The company also completed manufacturing of a specialized liquid oxygen tank designed for submarine-related applications, highlighting its engineering capabilities in advanced defense systems.
The Beverage Keg Division delivered strong growth during FY26 with keg sales volumes rising 31% year-on-year. The company expanded supplies to global brewing companies including Heineken and secured its first order from Molson Coors Beverage Company in the United States.
Commenting on the performance, Deepak Acharya, Chief Executive Officer of INOX India Limited, said the company continues to witness strong momentum across industrial gas, LNG infrastructure, aerospace, scientific infrastructure, and clean energy applications globally.
He added that the company’s expanding international presence, growing portfolio of high-value engineered products, and upcoming Kandla facility position INOX India for sustained long-term growth across advanced cryogenic applications worldwide. The Board of Directors has also recommended a dividend of ₹2 per share for FY26, subject to shareholder approval.
INOX India Limited is a leading manufacturer of Cryogenic Storage, Re-gas, and Distribution Systems for LNG, Industrial Gases, and Cryo-Scientific applications, with operations in India, Brazil, and Europe. The company serves a diverse global customer base across more than 100 countries, supported by after-sales teams in 25 countries. INOX India is at the forefront of promoting LNG adoption for industrial and automotive purposes in India. The company excels in the design, engineering, and manufacturing of Cryogenic turnkey packaged systems, aiming to deliver exceptional value to its customers.
