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INOX India Calls EOGM for ₹175 Crore Related Party Transaction and Chairman's Tenure
INOX India Limited has scheduled an Extraordinary General Meeting (EOGM) on March 26, 2026, to seek shareholder approval for two significant resolutions. The company is proposing material related party transactions with INOX Air Products Private Limited for an aggregate value of up to ₹175 Crores for the financial year 2025-26. Additionally, a special resolution is being sought for the continuation of Mr. Pavan Jain as Chairman beyond the age of 75, effective May 17, 2026. The cut-off date for determining voting eligibility has been fixed as March 19, 2026.
Key Highlights
EOGM scheduled for March 26, 2026, to be held via Video Conferencing/Other Audio-Visual Means.
Proposed approval for material related party transactions with INOX Air Products Private Limited up to ₹175 Crores for FY 2025-26.
Special resolution for the continuation of Mr. Pavan Jain (Chairman) post-attaining 75 years of age on May 17, 2026.
Cut-off date for e-voting eligibility is March 19, 2026.
Transactions with INOX Air Products are stated to be in the ordinary course of business and at arm's length.
💼 Action for Investors
Investors should review the terms of the ₹175 crore related party transaction to ensure alignment with corporate governance standards and may participate in the e-voting process by the March 19 cut-off.
INOX India Q3FY26: Record Revenue of ₹436 Cr and 32% Growth in Adjusted PAT
INOX India reported a robust performance for Q3FY26, achieving its highest-ever quarterly revenue of ₹436 Cr, a 27.4% YoY increase. Adjusted EBITDA grew by 34.2% to ₹102 Cr, while adjusted PAT rose 32.3% to ₹68 Cr. A significant driver was the record export revenue of ₹271 Cr, which now accounts for 62% of the total revenue mix. The company maintains a healthy order backlog of ₹1,457 Cr, supported by strong demand in Industrial Gas and Cryo-Scientific segments.
Key Highlights
Highest ever quarterly revenue of ₹436 Cr and adjusted EBITDA of ₹102 Cr.
Export revenue reached a record ₹271 Cr, contributing 62% to the total revenue compared to 50% in Q3FY25.
Order backlog stands at ₹1,457 Cr, with the Cryo-Scientific segment share increasing to 25%.
Achieved highest quarterly order booking for Liquid Cylinders with over 1,700 units.
Adjusted PAT grew 32.3% YoY to ₹68 Cr, excluding a one-time legal expense of ₹8.5 Cr related to a US arbitration case.
💼 Action for Investors
Investors should view the strong execution and increasing export contribution as a sign of global competitiveness. The company's growing footprint in high-tech sectors like Fusion and Space provides a long-term structural growth moat.
INOX India Q3 FY26 Results: PAT up 32.4% YoY to ₹68 Cr, Revenue hits record ₹436 Cr
INOX India reported its highest-ever quarterly revenue and EBITDA in Q3 FY26, driven by a strong 27.4% YoY growth in revenue to ₹436 Cr. Adjusted PAT rose significantly by 32.4% to ₹68 Cr, while EBITDA margins improved as adjusted EBITDA grew 34.2%. The company's export performance was a standout, contributing 62% of total revenue at ₹271 Cr. With a robust order book of ₹1457 Cr and new global approvals in the beverage keg segment, the company shows strong growth visibility across clean energy and industrial sectors.
Key Highlights
Revenue grew 27.4% YoY to ₹436 Cr, marking the highest-ever quarterly revenue for the company.
Adjusted PAT increased by 32.4% YoY to ₹68 Cr with EBITDA rising 34.2% to ₹102 Cr.
Exports contributed 62% of total revenue at ₹271 Cr, reflecting strong international demand for cryogenic solutions.
Total order book stands at a healthy ₹1457 Cr following fresh inflows of ₹392 Cr during the quarter.
Secured first-ever order from Heineken and approvals from global majors representing 40% of the global beer market.
💼 Action for Investors
Investors should consider this a strong performance, particularly the growth in high-margin exports and the expanding order book. The company's dominant 85% market share in Indian LNG trailers and entry into global beverage supply chains provide long-term growth catalysts.
INOX India Q3 FY26 Revenue Up 26% YoY to ₹418.86 Cr; PAT at ₹59.10 Cr
INOX India reported a strong 26% YoY growth in standalone revenue from operations, reaching ₹418.86 crore for the quarter ended December 31, 2025. Profit After Tax (PAT) grew by a modest 3% YoY to ₹59.10 crore, as the bottom line was impacted by a one-time exceptional expense of ₹8.49 crore related to an arbitration award in the USA. For the nine-month period ending December 2025, the company achieved a total income of ₹1,132.85 crore compared to ₹954.10 crore in the previous year. The results also reflect the initial impact of the New Labour Codes implemented in November 2025.
Key Highlights
Revenue from operations increased 26.1% YoY to ₹41,885.54 Lakh in Q3 FY26.
Standalone PAT stood at ₹5,910.00 Lakh, up 3.1% YoY, despite a significant exceptional charge.
Recognized an exceptional expense of ₹848.96 Lakh following an arbitration award in the USA regarding a non-compete clause.
9M FY26 revenue reached ₹1,10,180.95 Lakh, representing a 18.8% growth over the same period last year.
Basic Earnings Per Share (EPS) for the quarter was ₹6.51, up from ₹6.31 in Q3 FY25.
💼 Action for Investors
Investors should view the strong top-line growth as a positive indicator of demand for cryogenic equipment, while noting that the profit stagnation this quarter was due to a non-recurring legal settlement. Monitor the impact of the New Labour Codes on future margins.
INOX India Q3 FY26 Revenue Grows 26% YoY to ₹418.8 Cr; PAT Steady at ₹59.1 Cr
INOX India Limited reported a strong 26.1% year-on-year growth in revenue for Q3 FY26, reaching ₹41,885.54 lakh. Net profit for the quarter stood at ₹5,910 lakh, showing resilience despite a one-time exceptional expense of ₹848.96 lakh related to a US arbitration award. For the nine-month period ending December 2025, the company's revenue reached ₹1,10,180.95 lakh, up from ₹92,715.61 lakh in the previous year. The company also implemented adjustments related to the New Labour Codes, impacting employee benefit expenses.
Key Highlights
Revenue from operations increased 26.1% YoY to ₹41,885.54 lakh in Q3 FY26.
Profit After Tax (PAT) for the quarter was ₹5,910 lakh, compared to ₹5,731.19 lakh in Q3 FY25.
Recorded an exceptional expense of ₹848.96 lakh due to an arbitration award in the USA regarding a non-compete clause.
Nine-month revenue grew to ₹1,10,180.95 lakh, a 18.8% increase over the same period last year.
Basic Earnings Per Share (EPS) for the quarter stood at ₹6.51.
💼 Action for Investors
Investors should view the strong top-line growth as a positive indicator of demand for cryogenic equipment. The one-time legal settlement in the US should be treated as a non-recurring event that clears a legacy legal hurdle.