INOX India profit rises 10 per cent in second quarter of FY27
The company recorded a consolidated profit after tax of Rs 67 crore as revenue grew to Rs 456 crore.
INOX India saw its consolidated profit after tax climb 10 per cent year-on-year to Rs 67 crore in the second quarter of FY27, according to Urban Acres. This follows a profit of Rs 62 crore in the same quarter of the previous financial year.
Revenue for the period grew 27 per cent to reach Rs 456 crore, driven by demand for LNG infrastructure, cryogenic equipment and engineering solutions. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11 per cent to Rs 100 crore, with an EBITDA margin of 21 per cent.
The company's order backlog reached a record high of over Rs 2,268 crore during the quarter. Exports accounted for 60 per cent of the total revenue generated.
The Industrial Gas Solutions division was the largest contributor, making up 61 per cent of quarterly revenue. The LNG Solutions division contributed 15 per cent, while the Cryo-Scientific and Advanced Engineering Solutions division accounted for 17 per cent of revenue.
The company secured a Rs 35 crore order for an earthquake early-warning project in Maharashtra and a Rs 12 crore order from a European customer. Additionally, the beverage keg business saw sales growth of approximately 446 per cent year-on-year.
INOX India has also started work on the semiconductor infrastructure segment at a facility in Dholera, Gujarat. To support this, the company inaugurated SemiOrbit, an orbital welding skill excellence centre at ITM SLS Baroda University.