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Inox India Ltd

Q1 FY27Industrial Products

Inox India Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,909
Market cap₹17.5K Cr
P/E68.1
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions. INOX India is confident of achieving revenue growth of 18% to 20% in FY27 despite Q1 disruptions due to logistics issues.

From Inox India Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions.
  • Growth is expected to accelerate in the second half, especially with large aerospace orders beginning execution in Q3/Q4 and continuing into next year.
  • Industrial gas sector expected to grow at 15% to 18%, driven by domestic steel, semiconductor, chemical, petroleum, and healthcare industries.
  • Keg business utilization expected to ramp from 30% to 50-60% by year-end, backed by approvals from major global breweries.
  • Semiconductor orders are growing with skill development programs underway, although exact order value is uncertain.
  • LNG segment has potential growth supported by lower LNG prices, fueling stations, and marine sector developments.

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Profitability & Margins

See what Inox India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • The Kandla manufacturing plant is under full-speed construction; civil work and major machinery orders are in place, with operations expected to start by December 2026 or January 2027.
  • The Savli facility is operational with both Cryo and keg shops in full production, though not yet at full utilization.
  • Capacity expansions include investments in aerospace, LNG, industrial gases, semiconductors, and scientific research sectors.
  • Investment in a semiconductor skill development center in partnership with ITM SLS Baroda University to build a skilled talent pipeline.
  • Partnership with Wayout of Sweden to manufacture modular water microfactories in India, leveraging engineering capabilities beyond traditional cryogenic applications.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Inox India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • As of June 30, 2026, INOX India Limited's order book stood at INR 1,686 crores, the highest in the company's history.
  • Over INR 1,140 crores of this order book comprises export orders, indicating strong international presence.
  • The company secured approximately INR 532 crores in quarterly order inflow recently, including orders from aerospace, LNG, industrial gases, semiconductor, and Cryo-Scientific divisions.
  • Out of the total order book, about INR 400 crores are from the aerospace segment, with the balance from industrial gas, LNG, and Cryo-Scientific divisions.

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Inox India Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹461 Cr, net profit ₹75 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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  • Shera Energy (Q1 FY27)

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🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Inox India Ltd Q1 FY27 results?

The company is confident of achieving 18% to 20% growth in revenue for FY27 despite first-half macro disruptions. INOX India is confident of achieving revenue growth of 18% to 20% in FY27 despite Q1 disruptions due to logistics issues.

What is Inox India Ltd share price analysis?

Inox India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 68.1 with a market cap of ₹17,519 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inox India Ltd planning capital expenditure?

The Kandla manufacturing plant is under full-speed construction; civil work and major machinery orders are in place, with operations expected to start by December 2026 or January 2027.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.