INOX India Ltd (INOXCVA), manufacturer of cryogenic technology solutions, reported a strong start to FY27, posting a Profit After Tax (PAT) of Rs 61 crore for the first quarter ended June 30, 2026. The company also recorded revenue of Rs 382 crore, reflecting an 8.3% year-on-year growth, while EBITDA increased 1.4% to Rs 90 crore.
Exports Drive Growth
Exports continued to be the company’s key growth engine during the quarter. Overseas business contributed 58% of total revenue, amounting to Rs 222 crore, supported by sustained international demand for INOX India’s cryogenic solutions. The company achieved its highest-ever quarterly order inflow of Rs 532 crore, taking its total order book to a record Rs 1,686 crore. Notably, export orders now account for more than Rs 1,140 crore, providing strong revenue visibility for the coming quarters.
Industrial Gases Division Secures Major Aerospace Orders
The Industrial Gases Division remained the largest contributor, accounting for 53% of total revenue during the quarter. The division secured a significant order from the space exploration sector for cryogenic storage tanks and also received additional repeat orders from the same customer. These contracts further strengthen INOX India’s position in the global aerospace cryogenic infrastructure market. In addition, the company received repeat orders for its disposable cylinder business and entered India’s rapidly growing semiconductor infrastructure segment by securing its first orders for cryogenic transportation tanks.
LNG Business Benefits from Lower Global LNG Prices
The LNG Division contributed 22% of quarterly revenue. During the quarter, declining global LNG prices improved the commercial viability of LNG as a transportation fuel. As a result, the company secured several orders for LNG fuelling stations. INOX India also began installation work for a mini-LNG terminal project in the Bahamas, creating opportunities for future satellite LNG station developments in the region.
Cryo Scientific Division Wins Prestigious CERN Order
The Cryo Scientific Division (CSD) accounted for 20% of the company’s revenue. The division strengthened its presence in the global scientific research sector by securing a prestigious order from CERN for cryogenic modules. The order further expands INOX India’s collaboration with internationally renowned scientific institutions, including ITER.
CEO Highlights Record Order Book and New Growth Opportunities
Deepak Acharya, Chief Executive Officer of INOX India Ltd, said the company delivered another milestone quarter with its highest-ever quarterly order inflow of approximately Rs 532 crore, taking the order book to a record Rs 1,686 crore. He noted that the export order book now exceeds Rs 1,140 crore, reflecting growing global acceptance of the company’s engineering capabilities and providing strong revenue visibility.
Acharya added that the quarter witnessed increased participation in several high-growth sectors through repeat aerospace orders, entry into India’s semiconductor ecosystem, prestigious contracts from CERN and ITER, and continued progress in LNG infrastructure projects.
He also highlighted that INOX India received the AS9100D aerospace quality certification, enabling the company to expand into onboard aerospace applications. Additionally, partnerships in semiconductor skill development and sustainable water solutions are expected to create new long-term growth opportunities.
Outlook Remains Positive
As reported by manufacturingtodayindia.com, the company remains optimistic about sustaining its growth momentum. Backed by a record order book, diversified end-user industries, a growing international presence, and continued investments in technology and manufacturing capabilities, INOX India expects to deliver sustainable long-term growth while creating value for its stakeholders.
