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Inox India Ltd

Q3 FY25Industrial Products

Inox India Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,900
Market cap₹17.5K Cr
P/E68.1
Updated26 Aug 2026
Read4 min read

The short version

The company targets an 18%-20% year-on-year revenue growth, with a 20% increase expected for FY '26. INOX India anticipates revenue growth of 18% to 20% year-on-year for FY '26 and beyond, sustaining this as a medium-term guidance.

From Inox India Ltd's Q3 FY25 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • The company targets an 18%-20% year-on-year revenue growth, with a 20% increase expected for FY '26.
  • Order book stands strong at around INR 1,340 crores with more orders expected, supporting smooth revenue growth next year.
  • Q4 is expected to outperform Q3 historically, with planned revenues of over INR 400 crores to achieve annual targets.
  • LNG segment is seen as a major growth driver, with several large orders and projects underway globally.
  • Beverage kegs segment targets scaling up to 300,000 kegs within 1-2 years, though scale-up has been slower initially due to approval processes.
  • Emerging areas like liquid air storage, small-scale LNG terminals, semiconductor-related tanks, and steel plant expansions indicate robust future opportunities.

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Profitability & Margins

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

Capital Expenditure Plans

  • INOX India invested around INR 80 to 100 crores in Capex last year and plans a similar investment in the current year.
  • The company is prepared with sufficient infrastructure and capacity for the next 2 years, with readiness for expansion if large orders come.
  • Infrastructure improvements include the fully ready Savli plant for beverage kegs and the upcoming commissioning of the Cryoshop plant by end of March.
  • Further Capex will be undertaken quickly to respond to higher order volumes when needed.
  • Capacity expansion and infrastructure build-out ongoing to support planned growth; expected to complete by end of March.

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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

  • Current order backlog as of December 31, 2024: INR 1,341 crores.
  • Order composition: 45% Industrial Gas, 36% LNG, 19% Cryo-Scientific division.
  • Exports form 63% of total order backlog.
  • Around 125 LNG trailers backlog currently at production, capacity being increased.
  • Pending stations: 8 to 10 fueling stations awaiting resolution of land acquisition/customer issues, expected by end of March.
  • Additional 15 to 20 fueling station tenders expected soon from GAIL and BPCL; private companies also interested, with 50 to 75 new stations anticipated next year.

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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

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.

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Frequently Asked Questions

What were Inox India Ltd Q3 FY25 results?

The company targets an 18%-20% year-on-year revenue growth, with a 20% increase expected for FY '26. INOX India anticipates revenue growth of 18% to 20% year-on-year for FY '26 and beyond, sustaining this as a medium-term guidance.

What is Inox India Ltd share price analysis?

Inox India Ltd currently shows a neutral. 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?

INOX India invested around INR 80 to 100 crores in Capex last year and plans a similar investment in the current year.

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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.