INOX India Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company delivered its highest-ever annual revenue of ₹1,632 Cr in FY26, registering a robust 21.2% year-on-year growth, while Q4 FY26 revenue came in at ₹475 Cr, up 24.2% YoY. The Board has recommended a final dividend of ₹2 per equity share (face value ₹2 each) for FY26, subject to shareholder approval. During the Q4 FY26 earnings conference call, management provided detailed insights into segment performance and future guidance.

Consolidated Financial Highlights

The following table presents the key consolidated financial metrics for Q4 FY26 and the full year FY26:

*Previous year figures are regrouped.

For the quarter, exports accounted for 61% of revenue with export sales at ₹291 Cr. The company secured order inflows totaling ₹504 Cr, taking total order backlog to ₹1,514 Cr. INOX India has acquired land at Kandla for developing a new facility, which will be its 5th manufacturing location.

Segment Performance

The Industrial Gases Division contributed 50% to overall revenue in Q4 FY26, supported by healthy export demand, strong order inflows, and growth across transport tanks, liquid cylinders, and Cryoseal products. During Q4 FY26, the company secured a significant aerospace-related order from a leading US-based private space company for large cryogenic storage tanks. Transport equipment achieved a major milestone in FY26, with annual sales of transport tanks and semi-trailers crossing 300 units for the first time. In disposable cylinders, the company crossed 2 million units dispatched during FY26.

The LNG Division contributed 32% to overall revenue in Q4 FY26 and recorded its highest-ever revenue during FY26. The company received a landmark LNG marine fuel tank order from Cochin Shipyard for LNG-powered vessels, comprising six LNG fuel tanks of 800 cubic meters each. It also received an LCNG station order from Gujarat Gas and dispatched the first batch of 5x1,500 cubic meter tanks for the Bahamas Mini LNG Terminal project. INOX India maintained leadership in the LNG semi-trailer segment, with more than 250 LNG semi-trailers currently operating on Indian roads.

The Cryo-Scientific Division contributed 12% to overall revenue in Q4 FY26. The company received a repeat order from ITER, France, for cryostat panel modification work and completed manufacturing of a Liquid Oxygen tank for submarine-related applications. The Beverage Keg Division contributed 6% to total revenue in Q4 FY26, recording a 31% increase in quantity of kegs sold in FY26 over the previous year. INOX India supplied beverage kegs to Heineken breweries in Bulgaria, Croatia, and Reunion Island, secured its first order from Molson Coors in the United States, and received repeat orders from Germany.

Order Book and Market Data

The following table summarizes key order book parameters and market data:

Management Guidance

During the Q4 FY26 earnings conference call, management shared key guidance across financial performance and operational milestones. The following table summarizes the key guidance parameters:

Management indicated that FY26 EBITDA margins of 23.80% were in line with or better than previous guidance. For FY27, the company targets 18% to 20% revenue growth, with quarterly order bookings expected to grow to INR450 crores to INR500 crores. Approximately INR1,200 crores of the current INR1,514 crores order book is expected to be executed in FY27. The Cryo-Scientific Division expects to secure at least INR50 crores to INR60 crores in orders annually from ITER over the next five years, while the new Kandla facility is expected to be commissioned within nine to ten months.

Inox india Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The regulatory filing was made to both BSE and NSE on April 9, 2026, ensuring adherence to depositories and participants regulations.

Regulatory Compliance Filing

Company Secretary and Compliance Officer Jaymeen Patel submitted the compliance certificate to the stock exchanges, fulfilling the requirements under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The submission includes certificates received from KFin Technologies Limited, the company's appointed Registrar and Transfer Agent based in Hyderabad.

Depository Certificates Issued

KFin Technologies Limited issued compliance certificates to both major depositories on April 2, 2026. The certificates confirm that all required details of securities dematerialized and rematerialized during the quarter have been properly reported to stock exchanges.

Regulatory Framework

The compliance certificate submission ensures adherence to SEBI's regulatory framework governing depositories and participants. Regulation 74(5) mandates that registrar and transfer agents provide detailed information about securities dematerialization and rematerialization activities to relevant stock exchanges during each quarter.

Corporate Information

INOX India Limited maintains its registered operations from K P Platina, Racecourse, Vadodara, Gujarat. The company's shares are listed on both BSE (Scrip Code: 544046) and NSE (Symbol: INOXINDIA), requiring compliance with regulations from both exchanges and their associated depositories.