INOX India Ltd (NSE:INOXINDIA)

Q2 2026 INOX India Ltd Earnings Call Transcript

Nov 5, 2025 / 05:30 AM GMT

Release Date Price: ₹1202.9 (-0.92%)

Transcript

Key Points

Positve

INOX India Ltd (NSE:INOXINDIA) reported the highest ever sales, EBITDA, and PAT margins in its history for Q2 and H1 FY26.
The company achieved a 16% year-on-year increase in consolidated revenue, driven by robust order inflows and higher dispatches.
INOX India Ltd's order backlog stood at 1,485 crore as of September 30, 2025, with 63% from exports, indicating strong international demand.
The company secured significant orders in the industrial gas segment, including large cryogenic vessel orders from a leading US aerospace company.
INOX India Ltd is expanding its LNG fuel tank production capacity by 10 times over the next few years, supported by favorable regulatory changes and increasing demand.

Negative

The LNG station segment is not picking up as fast as expected, with fewer stations coming online than anticipated.
There is some uncertainty regarding the execution timelines for large orders, which could impact revenue realization.
The disposable cylinder segment faces challenges due to increased tariffs, causing hesitation among customers.
The semiconductor industry in India is still developing, and it may take 3 to 5 years for the ecosystem to fully mature, affecting immediate order inflows.
INOX India Ltd's growth in the domestic market is limited by the current GST rates, which have not changed for their products.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INOI.NS - INOX India Ltd
Q2 2026 INOX India Ltd Earnings Call
Nov 06, 2025 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to INO India Q2 26 earnings call hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Abinov.

Thank you and over to you, sir.

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Unidentified_2 [2]
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