INOX India Limited (INOXINDIA) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 29, 2026 3 min read

INOX India Limited, a leader in cryogenic equipment and LNG infrastructure, enters this quarter with a strong order backlog following a record-breaking FY26. Investors will be looking for updates on the commissioning of the Kandla facility and how the company is managing margin pressures amid shifting global trade policies.

Quick Details

Results date	August 03, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 461 Cr
Previous quarter PAT	Rs. 72 Cr
Previous quarter EBITDA margin	22.7%
Market cap	Rs. 17,106.34 Cr
CMP	Rs. 1,885.9

INOX India Limited Q1 Results Date and Time

The board meeting is scheduled for August 03, 2026, to consider and approve unaudited standalone and consolidated results for the quarter ended June 30, 2026.

An earnings conference call is scheduled for August 04, 2026, featuring CEO Deepak Acharya and CFO Pavan Logar.

What to expect from INOX India Limited's Q1 FY27 results

Management has maintained a guidance of 18-20% revenue growth for FY27, supported by a robust order backlog of Rs. 1,514 Cr as of March 31, 2026. The industrial gases segment, which accounted for 54% of FY26 revenue, is expected to benefit from the 16% surge in capital goods output recorded in April 2026. While the company maintains a long-term EBITDA margin guidance of 21-24%, investors will monitor the impact of early-quarter elevated stainless steel costs on Q1 margins. The upcoming call will focus on the execution status of the Kandla facility, which is slated for commissioning in early-to-mid FY27 to support ultra-large tank manufacturing.

Key Things To Watch

Performance vs Guidance Tracking

Revenue growth — 18-20% for FY27 — On track per management commentary
Quarterly order inflow — Rs. 450-500 Cr per quarter — Q1 inflow of Rs. 322 Cr disclosed
EBITDA margin — 21-24% range — Long-term sustainable target

Kandla Facility and Capacity Expansion

Commissioning timeline — 9-10 months from Q4 FY26 — Early-to-mid FY27 target
Strategic utility — Enables manufacturing of ultra-large tanks (up to 500 tons) for aerospace and LNG mega-storage

Order Inflow and Aerospace Pipeline

Mega orders — Rs. 939 Cr secured between May 21 and July 8, 2026 — Includes space exploration industry contracts
Pipeline — Management expects few more orders of similar nature and value to the Rs. 200 Cr aerospace contract in Q1/Q2 FY27

Risks and headwinds to monitor

US Tariff Policy — 50% tariff on commodity steel remains a structural headwind for disposable cylinder exports
Geopolitical risks — West Asian conflict poses potential fiscal pressure and currency depreciation risks

Frequently Asked Questions

What is the status of INOX India's order backlog?

As of March 31, 2026, the order backlog stood at Rs. 1,514 Cr, with 63% coming from exports and 49% from the Industrial Gas segment. Management expects at least Rs. 1,200 Cr of this backlog to be executed during FY27.

How does the company manage raw material price volatility?

For long-term contracts of 12 months or more, the company utilizes price escalation clauses triggered by a 3% change in input costs. For fixed-price contracts, materials are booked immediately upon receipt of the order to mitigate exposure to price fluctuations.

What is the outlook for the beverage keg business?

The company is targeting 2-3 times its current business size over the next 3-4 years, supported by approvals from global majors like Heineken and AB InBev. While volume grew 31% in FY26 to 61,000 units, revenue saw a slight decline due to a strategic shift toward smaller 20-liter kegs.