INOX India Q2 FY27 profit rises 10 per cent to Rs 67 crore
The company saw revenue grow 27 per cent to Rs 456 crore driven by demand for cryogenic equipment and LNG infrastructure.
INOX India recorded a 10 per cent year-on-year increase in consolidated profit after tax, reaching 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.
The company's revenue climbed 27 per cent to Rs 456 crore during the period. Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 11 per cent year-on-year to Rs 100 crore, with an EBITDA margin of 21 per cent.
Exports accounted for 60 per cent of total revenue. The Industrial Gas Solutions division was the largest contributor, making up 61 per cent of quarterly revenue, while the LNG Solutions division contributed 15 per cent.
The Cryo-Scientific and Advanced Engineering Solutions division contributed 17 per cent of revenue. During the quarter, the company secured a Rs 35 crore order for cryogenic equipment for an earthquake project in Maharashtra and a Rs 12 crore order from a European customer.
The company's beverage keg business saw sales growth of approximately 446 per cent year-on-year. INOX India also entered a three-year global supply agreement with an international brewing company for kegs across 22 countries.
The company's order backlog reached a record high of over Rs 2,268 crore during the quarter. Additionally, work has commenced on the initial piping scope at a semiconductor facility in Dholera, Gujarat.