Inox India shares decline over 4% after reporting Q1FY26 results

Shares of Inox India slid 4.5% to their day’s low of Rs 1,120.20 on the BSE on Tuesday, August 5, after the company reported its results for Q1FY26, despite posting a strong set of earnings, marked by double-digit year-on-year growth in both profit after tax (PAT) and revenue.

According to the company’s Q1 FY26 earnings highlights, PAT rose 18.9% YoY to Rs 61 crore, while revenue grew 16.7% YoY to Rs 352 crore for the quarter ended June 2025. Operating performance remained strong, with EBITDA rising 19.4% YoY to Rs 89 crore.

Exports continued to be a key growth driver, contributing Rs 198 crore, or 56% of total revenue, during the quarter.

Inox India also reported several operational and strategic milestones in Q1, including:

- Launching India’s first ultra-high-purity (UHP) ammonia ISO tank container, reinforcing its position in the cryogenic engineering space.

- Securing audit approvals from Heineken, the world’s second-largest brewery, for its Savli-based stainless-steel keg manufacturing facility.

- Winning a prestigious order from ITER (International Thermonuclear Experimental Reactor) for the refurbishment of the Cryostat Thermal Shield, a critical component of nuclear fusion infrastructure.

“FY26 has begun on a strong note, with robust order inflows across all divisions. Our Industrial Gases business saw healthy growth, marked by breakthrough orders like India’s first UHP Ammonia ISO containers and a pioneering CO₂ battery project. The LNG division continued its growth trajectory with the supply of a large number of LNG fuel tanks to OEMs in India. We are committed to becoming a key catalyst in the LNG mobility space and have therefore laid out plans for capacity expansion to meet rising demand for LNG fuel tanks,” said Deepak Acharya, Chief Executive Officer of Inox India.

Shares of Inox India closed 3% higher at Rs 1,173.80 on BSE.

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