Inox India Ltd
Inox India Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expecting 18%-20% growth in sales/revenue for FY '27, continuing the trend from FY '26. - Potential for 2x to 5x growth in revenue from a major U.S. INOX India targets 18%-20% growth in revenue for FY '27.
From Inox India Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Expecting 18%-20% growth in sales/revenue for FY '27, continuing the trend from FY '26.
- Potential for 2x to 5x growth in revenue from a major U.S. aerospace client over the next 1-2 years.
- Order book execution timelines range from 3-4 months for standard projects to 12-18 months for large projects.
- Disposable cylinders expected to cross previous year’s volume, targeting over 2 million units this year.
- Keg division aims to ramp up to 80,000-100,000 units by March-end from 36,000 in 9 months.
- LNG segment growth is robust; expected to exceed FY '25 revenue within 9 months of current year.
- Export revenue growth strong, with 63% of order backlog from exports; good margin improvement anticipated from currency fluctuations.
- Capacity expansions planned within 6-8 months to meet increasing demand.
Profitability & Margins
See what Inox India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- INOX India is planning future expansions, including facility visits by key clients like the U.S. aerospace company to assess capacity for large vessels (Bahamas vessels of 1,500 cubic meters under progress).
- The company has acquired land at Kandla and Savli for capacity expansions, with timelines of around 6 to 8 months for building infrastructure and 3 to 4 months for operational streamlining — approximately one year for full capacity expansion.
- There is ongoing development of new products and technologies, such as the ultra-high purity ammonia equipment for solar module manufacturing and cooling systems for data centers (prototype expected within 6-8 months).
- They are enhancing capacity for LNG fuel tanks via serial production lines.
- INOX is engaging in multiple large-scale projects with aerospace, space (ISRO and start-ups), and other strategic sectors, indicating continuous strategic investment in product and capacity development.
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Fundraising & Capital Structure
See what Inox India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of December 31, 2025, the order backlog stood at INR 1,457 crores, providing strong revenue visibility.
- Approximately 63% of the order backlog is from exports, and 37% from the domestic market.
- Q3 FY '26 order inflow was around INR 392 crores.
- The company aims to maintain consistent quarterly order inflows above INR 450 crores going forward.
- For Q4, there is an order book of around 100,000 units of kegs and sales expected around 60,000 to 70,000 units.
- Execution timelines vary: standard projects take 3-4 months, complex ones around 8 months, and large projects up to 12-18 months.
- The company is optimistic about new large orders expected in Q4 and early next year, which could boost order inflows further.
Inox India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹461 Cr, net profit ₹75 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Inox India's management said in earlier quarters
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Frequently Asked Questions
What were Inox India Ltd Q3 FY26 results?
Expecting 18%-20% growth in sales/revenue for FY '27, continuing the trend from FY '26. - Potential for 2x to 5x growth in revenue from a major U.S. INOX India targets 18%-20% growth in revenue for FY '27.
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 is planning future expansions, including facility visits by key clients like the U.S.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.