Inox India Limited · NSE:INOXINDIA
Inox India — Q2 FY27 Earnings Presentation
45 slides from Inox India's earnings presentation, Nov 3, 2026
Slide 1: Regulation 30 Disclosure Cover Letter
® INO)x(CVA HISTORICALLY FUTURISTIC IIL:SEC:SE:INTM:294 Date: 3 rd November, 2026 Corporate Relations Department The Manager Listing Department BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring Exchange Plaza, C-1, Block G, Rotunda Building, P J Towers Bandra - Kurla Compl
Slide 2: Investor Presentation Q2FY27
Investor Presentation INOX India Ltd Investor Presentation Q 2F Y 2 7 3 rd Nov 2026 1
Slide 3: Summary
Summary Summary Investor Presentation Q2FY27 INOX India – In a Nutshell Profit & Loss Key Highlights – Q2FY27 Balance Sheet Growth Drivers Shareholder Information Financial Performance Growth Story of INOX India 2
Slide 4: INOX India - In a Nutshell
Investor Presentation Q2FY27 INOX India-In a Nutshell INOX India-In a Nutshell 18% Robust 3Y World's leading provider of customized cryogenic equipment CAGR Total Income Over 30 years of experience in design, manufacturing and installation of cryogenic equipment FY26 (₹. Cr) Global customer base acr
Slide 5: Key Highlights – Q2FY27
KEY HIGHLIGHTS – Q2FY27 Investor Presentation Q2FY27 Secured Largest ever single order in Secured Order for Critical sectors of Entered agreement with Heineken for company’s history from the Global the the prestigious LIGO-India 3-year global supply requirement Aerospace Company for LOX/LNG Subcoole
Slide 6: Multiple Levers. One Growth Journey.
Investor Presentation Q2FY27 Multiple Levers. One Growth Journey. 5
Slide 7: INOXCVA's Role in Powering ISRO's Space Mission
Investor INOXCVA’s Role in Powering ISRO’s Space Mission Presentation Q2FY27 INOXCVA’s Role in Powering ISRO’s Space Mission Solutions for Testing Solutions for Launchpad for Liquid Oxygen Sub-coolers / Coolers (Cryo) Stage A Bay rockets & payloads Liquid Oxygen Run Tanks & Engine Test Bay Electrica
Slide 8: Why the world is choosing LNG
Investor Presentation Q2FY27 Cheaper Reduces Emissions Persistent LNG–diesel price Produces roughly Why the world is choosing LNG spreads have made LNG a 25–30% less CO₂ per very competitive alternative unit of energy in industrial boilers, power compared to oil-based generation, and transport. fuel
Slide 9: INOXCVA's Role Across the LNG Value Chain
INOXCVA'S Role Across the LNG Value Chain Investor Presentation INOXCVA'S Role Across the LNG Value Chain Q2FY27 LNG Fuelled Ferry LNG Fueled Bulk Carrier Small LNG Carrier LNG Satellite Station Mini LNG Terminal LNG Fuel Tank for Trucks LNG Mining Truck LNG Bunkering Station LNG IMO Tank LNG Small
Slide 10: Mini-LNG Terminals, Mega Potential
Investor Presentation Q2FY27 Mini-LNG Terminals, Mega Potential Mini-LNG Terminals, Mega Potential Mini-LNG Terminals: Game Changer for Islands' Energy Island nations face Electricity generation Island nations extreme electricity on islands can cost 10 face difficulties costs due to fossil fuel time
Slide 11: Small-Scale LNG: Big Drivers. Bigger Potential
Investor Presentation Q2FY27 Small-Scale LNG: Big Drivers. Bigger Potential The 100 MTPA global potential in small-scale Rapid adoption in off-grid Requires modular, Small-scale LNG offers Hastens energy LNG demand underpins a fast-growing power, industrial clusters, scalable cryogenic lower CAPEX &
Slide 12: Powering the Next Wave of Clean Mobility LNG Cryogenic Fuel Tanks
Investor Presentation Q2FY27 Powering the Next Wave of Clean Mobility LNG Cryogenic Fuel Tanks Powering the Next Wave of Clean Mobility LNG Cryogenic Fuel Tanks Policy push: MoPNG PNGRB roadmap Strong demand targets 1,000 LNG identifies LNG as key outlook from fuel stations across to decarbonizing t
Slide 13: The Fusion Future: Opportunity with ITER & beyond
Investor Presentation Q2FY27 ITER Cryogenic operations Collaboration ramping up, First Plasma potential withITER expected in 2035, requiring Domestic agencies: Helium and Nitrogen Infrastructure around Cryogenic infrastructure main Tokamak reactor (iter.org) (iter-india.org, f4e.europa.eu) Fusion ec
Slide 14: India Semiconductor Opportunity
Investor Presentation Q2FY27 India Semiconductor Opportunity India Semiconductor Opportunity India's Opportunity Transformation from US$100B+ a Semiconductor Global Semiconductor Market by 2030 Design Hub to a 2X Manufacturing Global Semiconductor Design Talent Leader India is home to over one-fifth
Slide 15: SemiOrbit Skill Excellence Centre Inaugurated in Vadodara
SemiOrbit Skill Excellence Centre Investor Presentation Q2FY27 Inaugurated in Vadodara A strategic industry–academia collaboration between INOXCVA, INOX Air Products, Swagelok Bombay and ITM SLS Baroda University to bridge India’s semiconductor skills gap through specialised training in advanced orb
Slide 16: The Business Case for Cryogenic Hydrogen
Investor Presentation Q2FY27 The Business Case for Cryogenic Hydrogen The Business Case for Cryogenic Hydrogen Hydrogen Demand Infrastructure Gap Global Hydrogen demand grew almost Supply chains require investment in 3% in 2025 to surpass 100 MT.(IEA, cryogenic tanks, trailers, and terminals - Globa
Slide 17: INOXCVA | Growing at the Pace of Clean Energy
Investor Presentation Q2FY27 INOXCVA | Growing at the Pace of Clean Energy Propelling Green Clean Energy Future INOXCVA | Growing at the Pace of Clean Energy Propelling Green & Clean Energy Future INOXCVA HYDROGEN LNG FUSION The world is shifting to Hydrogen INOX did it in 1999 INOX is shaping The F
Slide 18: Financial Performance
Investor Presentation Q2FY27 Financial Performance 17
Slide 19: Key Highlights - Financial
Investor Presentation Q2FY27 KEY HIGHLIGHTS-FINANCIAL Consolidated Q2FY27 H1FY27 Q2FY27 Highest ever Order Highest ever Highest ever Order booking Sales Backlog ₹1000 Cr.+ ₹849 Cr. ₹2200 Cr.+ 18
Slide 20: Consolidated Key Result Highlights
CONSOLIDATED KEY RESULT HIGHLIGHTS Investor Presentation Q2FY27 Q2 FY27 467 Cr. 100 Cr. 66 Cr. H1 FY27 849 Cr. 189 Cr. 127 Cr. % Increase from 1 % Increase from 6.2% 26.6% 10.8% 7.8% 1 17.7% 3.6% Q2FY 26 (YoY) H1FY 26 (YoY) Q2 FY26 369 Cr. 90 Cr. 62 Cr. H1 FY26 721 Cr. 178 Cr. 122 Cr. PERIOD REVENUE
Slide 21: Segment Wise Revenue
SEGMENT WISE REVENUE Investor Presentation Q2FY27 Consolidated Revenue – Q2 FY26 to Q2 FY27 (₹Cr) Segment wise,Year wise Revenue % % FY'25 FY’2 6 H1FY’2 7 Share IG 61% 54% 57% LNG 17% 28% 18% CSD 17% 14% 18% OTHER* 5% 4% 7% % TOTAL 100% 100% 100% 475 467 436 27 34 13 56 382 369 55 77 21 15 Segment w
Slide 22: Domestic - Export Revenue
DOMESTIC - EXPORT REVENUE Investor Presentation Q2FY27 Consolidated Revenue – Q2 FY26 to Q2 FY27 (₹Cr) ) 475 467 436 291 279 369 271 382 211 222 57% 62% 58% 60% 61% EXPORT 184 188 DOMESTIC 158 165 160 43% 38% 39% 42% 40% *Other includes Keg Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 21
Slide 23: Segment Wise Order Received
SEGMENT WISE ORDER RECEIVED Investor Presentation Q2FY27 Consolidated Order Received – Q2 FY26 to Q2 FY27 ( ₹Cr ) Segment wise Order received YoY Segment H1FY26 H1FY27 % incr. ( Decr .) IG 400 1177 194.3% LNG 164 244 48.9% CSD 206 108 (47.3%) 1028 OTHER * 20 31 56.6% 20 55 Act Order Recd. 789 1560 9
Slide 24: Domestic - Export Order Received
DOMESTIC - EXPORT ORDER RECEIVED Investor Presentation Q2FY27 Consolidated Order Received – Q2 FY2 6 to Q2 FY2 7 (₹Cr ) 1028 768 532 75% 504 392 363 EXPORT 374 281 218 251 DOMESTIC 56% 68% 58% 64% 260 223 156 169 141 42% 36% 44% 32% 25% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 23
Slide 25: Segment Wise Order Backlog
SEGMENT WISE ORDER BACKLOG Investor Presentation Q2FY27 Consolidated Order Backlog – Q2 FY2 6 to Q2 FY2 7 (₹Cr ) 2268 13 284 1686 25 514 1485 1457 1514 17 19 25 307 Segment wise,Qtr.wise (QoQ,YoY ) Order Backlog % INDUSTRIAL GAS 340 362 329 % Share Q2 FY2 6 Q1FY 27 Q2 FY 27 425 LNG 454 422 IG 45 % 5
Slide 26: Domestic - Export Order Backlog
DOMESTIC - EXPORT ORDER BACKLOG Investor Presentation Q2FY27 Consolidated Order Backlog – Q2 FY2 6 to Q2 FY2 7 (₹Cr ) 2268 1628 1686 1485 1457 1514 1140 AXIS TITLE 934 918 960 EXPORT 63% 63% 63% 68% 72% DOMESTIC 640 551 539 554 546 37% 37% 37% 32% 28% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 25
Slide 27: Consolidated Profit and Loss – Key Summary Figures (1/2)
CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES PAGE (1/2) Investor Presentation Q2FY27 26
Slide 28: Consolidated Profit and Loss – Key Summary Figures (2/2)
CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES PAGE (2/2) Investor Presentation Q2FY27 Remark for Q2FY’27 vs Q2FY’26 & FY26 1. Material Cost % is 43% in Q2FY27 against 40.5% in Q2FY26 , 37.8% in Q1FY27 , 40.6% in H1FY27 and 42.7% in FY26. Mat. cost % may differ project to project , Qtr to Qtr on
Slide 29: Consolidated Balance Sheet – Key Summary Figures
CONSOLIDATED BALANCE SHEET – KEY SUMMARY FIGURES Investor Presentation Q2FY27 1. Net cash/bank balance is higher than Mar’26 in spite of increase in Inventory and real fixed assets addition of Rs 30 Cr ( 47- 17 Lease land at Kandla port as per IND AS rules) due to increase in advance from customers
Slide 30: Shareholder Information
Investor Presentation Q2FY27 SHAREHOLDER INFORMATION SHARE HOLDING PATTERN –30th Sep’26( IN %) • NSE Ticker INOXINDIA • BSE Ticker 544046 • IPO Listing Date 21-Dec-23 • Share Price (Rs) 2,043.10 • Market Cap (Rs. in MN) 186,618 Sep • % Free Float 25% 2026 • Free Float Marker Cap (Rs. in Mn) 46,655 •
Slide 31: The INOX India Story
Investor Presentation Q2FY27 The INOX India Story 30
Slide 32: Industry leader in manufacturing a wide range of cryogenic equipment
Industry leader in manufacturing a wide Investor Industry leader in manufacturing a wide Presentation Q2FY27 range and various kinds of Cryogenic equipment Industrial Gas (Offerings) LNG (Offerings) Cryo Scientific (Offerings) Cryogenic tanks and systems for storage, Standard and engineered equipmen
Slide 33: Collaboration, in-house technology and engineering capabilities
Investor Collaboration, in-house technology, and engineering capabilities Presentation Q2FY27 have enabled INOX to earn brand value for its expertise in the entire Cryogenic value chain Collaboration, in-house technology, and engineering capabilities have enabled INOX to earn brand value for its exp
Slide 34: Product Development & Engineering Focus
Investor Presentation Q2FY27 Strong Product Development team with 450+ engineers provides the ability to & Engineering Focus develop new products and offer customized solutions Focus on Product Development Liquid Hydrogen storage tanks Aluminium trailers LNG dispensers Installation of mini-LNG termi
Slide 35: Integrated Facilities in India and Service Support Internationally
Investor Presentation Q2FY27 Supported by Integrated Facilities in India and Service Support Internationally making it a ‘True - blue Indian Multinational’ countries Supported by Integrated Facilities in India and Service Support Internationally making it a ‘True - blue Indian Multinational’ countri
Slide 36: Product Range With Applications From Deep In The Earth To High Up In Space
Investor Presentation Q2FY27 Product Range With Applications From ‘Deep In The Earth’ To ‘High Up In Space’ Product Range With Applications From ‘Deep In The Earth’ To ‘High Up In Space’ Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | CryoScientific Researc
Slide 37: Diversified Domestic and International Customer Base
Investor Diversified Domestic and International Customer Base across Industry Sectors Diversified Domestic and International Presentation Q2FY27 Customer Base across Industry Sectors Key Export Geographies – US, Europe, Saudi Industrial Arabia, Brazil, Korea, UAE, Australia and Bangladesh Industrial
Slide 38: Helmed by Technocrat Promoters and Professional Management
Investor Presentation Q2FY27 Helmed by Technocrat Promoters and Professional Management Helmed by Technocrat Promoters and Professional Management Mr. Pavan Jain Mr. Siddharth Jain Mr. Parag Kulkarni Chairman Director ED • Bachelors’ degree in Chemical • Bachelor’s degree in Mechanical • Bachelor’s
Slide 39: Exceptional Team driving INOX towards Excellence
Investor Presentation Made possible by the Exceptional Team driving INOX towards Excellence Q2FY27 Made possible by the Exceptional Team driving INOX towards Excellence Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi Tushar Zope CEO CFO Global Marketing Global Marketing Chief Peopl
Slide 40: Resilient to Ride through the Sector's Growth Cycle
Investor Presentation Q2FY27 Resilient to Ride through the Sector’s Growth Cycle Resilient to Ride through the Sector’s Growth Cycle Multiple Multiple Multiple A Good Geographies Sectors Products Multiple Serving Diverse Industries Wide Array of Global Markets from Products • Europe • Steel to Space
Slide 41: Key Strengths
Investor Presentation Q2FY27 Key Strengths Key Strengths Leading Cryogenic Leading Cryogenic Product Development and Solutions Provider Solutions Provider Engineering Focus • Largest supplier of cryogenic • Multiple global approval and • Design, engineering equipment in India certifications capabili
Slide 42: Growth Pillars & Vision
Investor Presentation Q2FY27 Growth Pillars Vision Growth Pillars & Vision GROWTH PILLARS Profitable Value Thought Market Resilient Manufacturing Portfolio Growth Creation leadership Leadership Revenues Infrastructure through by persistent by introducing via differentiated powered by a advancing com
Slide 43: Safe Harbour
Investor Presentation Q2FY27 Safe Harbour Safe Harbour This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, ac
Slide 44: INOX India Limited Contact Details
Investor Presentation Q2FY27 INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) Investor Presentation REGISTERED & CORPORATE OFFICE: DEVIKA SHAH & TEJPAL SINGH 9th Floor, K P Platina, Racecourse, Vadodara -390007, Gujarat, India Investor Relations SUNIL LAVATI E: tejpal.singh@adfac
Slide 45: Thank You
Thank You Thank You A N I N OX GR O U P C O M PA N Y 44