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Earnings Call Transcript

Inox India Earnings Call Transcript: Key Takeaways

INOX India delivered record-high order inflows of ₹532 Cr and an all-time high order book, though Q1 revenue growth was slightly muted by logistics and shipping delays.

Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growth8.3% YoY growth; ₹32-35 Cr revenue deferred due to shipping delays.
MarginsEBITDA margin at 23.5%, within historical 22-24% range.
Order bookRecord-high ₹1,686 Cr; export orders exceed ₹1,140 Cr.
Demand visibilityStrong across aerospace, semiconductor, and LNG sectors globally.
Management confidenceHigh; management emphasized record order inflows and strong global demand visibility.

Growth

Revenue grew 8.3% YoY to ₹382 Cr, driven by strong execution in Industrial Gas and LNG solutions.

Outlook

Management reiterated 18-20% annual growth guidance for FY27, backed by ₹1,686 Cr order book.

Risks

Logistics disruptions and rising freight rates delayed ₹32-35 Cr in shipments, impacting reported Q1 margins.

Last quarter's promises, checked

Delivered

  • Guided 21-24% EBITDA margin → delivered 23.5% (= BEAT)
  • Guided 18-20% revenue growth for FY27 → current call reiterates target (= BEAT)
  • Guided Kandla facility commission in 9-10 months → current call confirms Jan 2027 operational (= BEAT)

Partly delivered

  • Guided ₹450-500 Cr quarterly order inflow → delivered ₹532 Cr (= BEAT)
  • Guided ₹32-35 Cr shipment backlog clearance → revenue deferred to future quarters (= PARTIAL)

Missed

  • Guided 18-20% growth run-rate → delivered 8.3% YoY revenue growth (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: INOXINDIA. Summary written with AI assistance from the document.

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Inox India Ltd: key numbers

Share price
₹2,156.80
Market cap
₹19,610 Cr
Revenue (annual)
₹1,587 Cr
Net profit (annual)
₹257.9 Cr
P/E (TTM)
77.0×Sector 53.6×
Promoter holding
74.86%-0.14% QoQ
FII holding
6.86%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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