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Inox India Ltd

Q4 FY25Industrial Products

Inox India Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,930
Market cap₹17.6K Cr
P/E68.4
Updated23 Aug 2026
Read4 min read

The short version

INOX India expects overall revenue growth of around 18% to 20% for FY '26. INOX India targets revenue growth of around 18% to 20% for FY '26, maintaining strong EBITDA margins of 22%-24% and PAT margin of 15%-18%.

From Inox India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • INOX India expects overall revenue growth of around 18% to 20% for FY '26.
  • Industrial Gas (IG) sector projected to grow 16% to 18%.
  • LNG and Cryo Scientific Divisions (CSD) anticipated to grow over 20%.
  • Stainless steel keg division expected to become a meaningful contributor to top line.
  • Order momentum is strong with a backlog of INR1,356 crores and quarterly inflow around INR350-400 crores.
  • Growth driven by increasing demand in helium, hydrogen, semiconductor, ammonia applications, and air separation plants.
  • LNG market is expanding with ongoing addition of fueling stations and rising OEM requirements.

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Profitability & Margins

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Capital Expenditure Plans

  • The capex for the current financial year FY '26 is planned to be around INR 80 crores (Page 20).
  • The Savli plant has been successfully commissioned and is operating at high capacity, including new lines for IMO tanks which will help take bigger orders (Pages 20-21).
  • Focus on manufacturing different piping pieces and products for growing sectors like semiconductor industry (Page 14).
  • Engaged in strategic efforts for adjacencies such as heat exchangers, vaults, and toolboxes, with expected good orders by Q1 or Q2 of FY '26 (Page 21).

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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

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Order Book & Pipeline

  • Current order backlog: Approximately INR 1,356 crores.
  • Average quarterly order intake: Around INR 350 to 400 crores.
  • Order pipeline for FY '26 and '27 is robust, with momentum maintained in project orders.
  • Large upcoming orders expected in Q1 or Q2 FY '26, including a significant scientific project, though smaller than ITER but still substantial.
  • Ongoing orders include LNG fueling stations (7-8 under execution) and a big order from Petronet pending dispatch due to land issues.

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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 Q4 FY25 results?

INOX India expects overall revenue growth of around 18% to 20% for FY '26. INOX India targets revenue growth of around 18% to 20% for FY '26, maintaining strong EBITDA margins of 22%-24% and PAT margin of 15%-18%.

What is Inox India Ltd share price analysis?

Inox India Ltd currently shows a neutral. The stock trades at a P/E of 68.4 with a market cap of ₹17,585 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inox India Ltd planning capital expenditure?

The capex for the current financial year FY '26 is planned to be around INR 80 crores (Page 20).

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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.