INOX India FY25 Revenue Hits INR 1,354 Crore, PAT Up 15.4 Percent

INOX India Ltd (INOXCVA), a  provider of cryogenic equipment and solutions, has announced its unaudited financial results for the fourth quarter and the fiscal year ended March 31, 2025.

For Q4 FY25, the company posted a 55.5 percent year-on-year increase in Profit After Tax (PAT), which rose to INR 66 crore. Revenue for the quarter surged by 33 percent to INR 383 crore, while EBITDA jumped 51.9 percent to INR 95 crore. Exports continued to be a strong driver, contributing INR 205 crore, 53 percent of the total quarterly revenue.

The company received fresh orders worth INR 364 crore in the fourth quarter, pushing its total order backlog to INR 1,356 crore, underscoring sustained demand across the industrial gases, clean energy, and scientific sectors.

For the full fiscal year FY25, INOX India reported a 15.4 percent growth in PAT, which reached INR 224 crore. Annual revenue stood at INR 1,354 crore, marking a 16.2 percent increase year-on-year. EBITDA rose by 18.3 percent to INR 330 crore. Export revenues maintained their share at 53 percent of the total.

The Industrial Gases division emerged as the largest contributor, accounting for 61 percent of overall revenue. Notable highlights included a landmark order for Oxygen, Nitrogen, and CO₂ IMO containers from Australia, won in direct competition with Chinese players, and successful delivery of nine tanks to a semiconductor facility in Boise, USA. The division also secured a prestigious contract to supply five 690 KL cryogenic storage tanks for the world’s first commercial-scale Liquid Air Energy Storage (LAES) plant in Carrington, Manchester.

The LNG division contributed 19 percent to quarterly revenue. It made its debut in the US market with an order for 36 IMO 40-foot containers and continued its work with Indian Railways on LNG fuel systems. A key milestone was the company’s largest-ever LNG contract, setting up a Mini LNG Terminal in The Bahamas with 15,000 m³ storage capacity. The division also received IATF certification for its LNG fuel tank manufacturing facility.

The Cryo Scientific Division, contributing 16 percent of revenue. Deepak Acharya, CEO of INOX India, said, “FY25 was a landmark year for us, defined by strong execution, innovation, and global expansion. With the successful commissioning of our Savli plant contributing over INR 200 crore in turnover, we demonstrated our capabilities in operational excellence. As we look to FY26, we remain focused on emerging sectors like hydrogen, helium, semiconductors, and ammonia, while building on our strong position in LNG and air separation equipment.”