Inox India Ltd.'s bottom line soared during the quarter ended June for the current fiscal 2026.
The company's net profit surged to Rs 61.1 crore, denoting a 16.1% rise for the first quarter, against Rs 52.6 crore for the same period last year, according to an exchange filing on Monday.
Inox India Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 14.6% at Rs 340 crore versus Rs 296 crore.
Ebitda up 8.4% at Rs 76.1 crore versus Rs 70.2 crore.
Net profit up 16.1% at Rs 61.1 crore versus Rs 52.6 crore.
Margin at 22.4% versus 23.7%.
According to Deepak Acharya, chief executive officer at Inox India, FY26 for the company 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."
Inox India's industrial gases division contributed around 48% to the overall revenue during the first quarter.
Shares of Inox India closed 3,10% higher at Rs 1,174.90 apiece on the NSE, compared to a 0.64% rise in the benchmark Nifty. The stock has fallen 5.50% in the last 12 months but risen 6.15% on a year-to-date basis.
All four analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 18.6%.
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