INOX India Limited — Q2FY27 earnings call summary

Filed 07 November 2026 · Official transcript

Margin dip in Q2 due to product mix, logistics, strategic pricing; H1 margin 22.3% within guidance range
Q2 FY27 total income 467cr +26.6% y-y; EBITDA 100cr +10.8% y-y; EBITDA margin 21.3%; PAT 66cr +7.8% y-y
H1 FY27 total income 849cr; EBITDA 189cr; EBITDA margin 22.3%; PAT 127cr; order backlog 2268cr with 72% exports
Space sector orders approx 1100cr, 15-20% to be executed in FY27, balance by FY28; subcoolers form 60-70% of space orders
Semiconductor sector entry with initial Dholera order; bids for larger projects pending decision in 4-6 weeks
Confident on margin recovery and execution despite geopolitical and logistic challenges
Beverage keg sales up 446% y-y in Q2; 3-year global supply agreement with leading brewer for 2027
LNG solutions growing with 40+ semi-trailer orders; emerging LNG railway applications with 4 orders