Inox India Limited · NSE:INOXINDIA
Inox India — Q2 FY26 Earnings Presentation
41 slides from Inox India's earnings presentation, Nov 5, 2025
Slide 1: Exchange cover letter: Investor Presentation under Regulation 30
® INOX CVA HISTORICALLY FUTURISTIC IIL:SEC:SE:INTM:182 Date: 5th November, 2025 Corporate Relations Department The Manager Listing Department BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring Exchange Plaza, C-1, Block G, Rotunda Building, P J Towers Bandra - Kurla Complex
Slide 2: Investor Presentation Q2FY26
www.inoxcva.com INVESTOR PRESENTATION Q2FY2 6 Investor Presentation Q2FY26 INOX India Ltd 5th November 2025
Slide 3: Summary
INVESTOR PRESENTATION Q2 FY26 SUMMARY • INOX India – In a Nutshell • Key Highlights – Q2FY26 • Growth Drivers • Financial Performance • Profit & Loss • Balance Sheet • Shareholder information • Growth Story of INOX India 1
Slide 4: INOX India - In a Nutshell
INVESTOR INOX India - In a Nutshell PRESENTATION Q2 FY26 Business Divisions World's leading provider of customized cryogenic equipment Over 30 years of experience in design, manufacturing and installation of cryogenic equipment Global customer base across 100+ countries Industrial Gases Large-scale
Slide 5: Key Highlights – Q2FY26
INVESTOR PRESENTATION Q2 FY26 KEY HIGHLIGHTS – Q2F Y26 Order of largest size ( 1500M 3 ) tanks in IG Additional order received for Vacuum Vessel First RFTSA vessel built and dispatched to segment received from US space company Thermal Shield repair from ITER ASU unit First big value order for SS Keg
Slide 6: Growth Drivers at INOX India
INVESTOR PRESENTATION Q2 FY26 Growth Drivers at INOX India 4
Slide 7: The Business Case for Cryogenic Hydrogen is Heating Up
INVESTOR PRESENTATION Q2 FY26 The Business Case for Cryogenic Hydrogen is Heating Up Soaring Demand Infrastructure Gap Hydrogen demand projected to exceed Supply chains require investment in 6 million tons per annum by 2030 cryogenic tanks, trailers, and terminals — especially for port - based hydro
Slide 8: Why the World is Choosing LNG
INVESTOR PRESENTATION Q2 FY26 WhyWHY THE isWORLD the World choosingIS CHOOSING LNG LNG CHEAPER REDUCES EMISSIONS Persistent LNG – diesel price spreads Produces roughly 25 – 30% less CO ₂ have made LNG a very competitive per unit of energy compared to oil - alternative in industrial boilers, power ba
Slide 9: Small-Scale LNG: Big Drivers. Bigger Potential
INVESTOR PRESENTATION Q2 FY26 Small - Scale LNG: Big Drivers. Bigger Potential The 100 MTPA global potential in small - scale Rapid adoption in LNG demand underpins a fast - growing market, valued at off- grid power, industrial clusters, remote $10 billion in 2023 and projected to reach $16 billion t
Slide 10: Mini-LNG Terminals, Mega Potential
INVESTOR PRESENTATION Q2 FY26 Mini - LNG Terminals, Mega Potential Mini - LNG Terminals: Game Changer for Islands’ Energy Island nations face Electricity generation on Island nations extreme electricity costs islands can cost 10 times face di fficulties in due to fossil fuel imports, more than on main
Slide 11: Powering the Next Wave of Clean Mobility: LNG Cryogenic Fuel Tanks
INVESTOR PRESENTATION Q2 FY26 Powering the Next Wave of Clean Mobility LNG Cryogenic Fuel Tanks Policy push: MoPNG PNGRB roadmap Strong demand outlook targets 1,000 LNG identi fies LNG as key to from trucking, mining, fuel stations across decarbonizing heavy - and intercity logistics India duty trans
Slide 12: INOXCVA's Role Across the LNG Value Chain
INVESTOR PRESENTATION Q2 FY26 INOXCVA’S Role Across the LNG Value Chain LNG Fuelled Ferry LNG Fueled Bulk Carrier Small LNG Carrier Mini LNG Terminal LNG Mining Truck LNG LNG Fuel Tank for Trucks LNG Satellite Station LNG Bunkering Station LNG IMO Tank LNG Storage & LNG Rail Locomotive/Rail Car Trai
Slide 13: The Fusion Future: Unleashing Opportunity with ITER & beyond
INVESTOR PRESENTATION Q2 FY26 The Fusion Future Unleashing Opportunity with ITER & beyond ITER: Cryogenic Fusion ecosystem Public projects like ITER, operations ramping up , Collaboration potential developing globally with DEMO, SPARC and 40+ with ITER Domestic ITER as a benchmark: DEMO fusion start
Slide 14: Growing at the Pace of Clean Energy
INVESTOR PRESENTATION Q2 FY26 INOXCVA | Growing at the Pace of Clean Energy Propelling Green & Clean Energy Future INOX HYDROGEN LNG FUSION The world is shifting to Hydrogen INOX is shaping Helping harness INOX did it in 1999 The Future of LNG as Fuel Fusion’s true potential Offers end - to- end sol
Slide 15: Financial Performance
INVESTOR PRESENTATION Q2 FY26 Financial Performance 13
Slide 16: Key Highlights - Financial
INVESTOR PRESENTATION Q2 FY26 KEY HIGHLIGHTS - FINANCIAL CONSOLIDATED H1FY26 H1FY26 Highest Highest Sales EBITDA Of Rs 723 Cr Of Rs 180 Cr H1FY26 H1FY26 Highest Highest Sales of LNG div Order backlog Rs 190+Cr Rs 1485 Cr 14
Slide 17: Consolidated – Key Result Highlights
INVESTOR PRESENTATION Q2 FY26 CONSOLIDATED – KEY RESU LT HIGHLIGHTS Q2 FY26 371 92 62 Cr Cr Cr % Increase From Q2 FY 25 ( YoY ) 16.0% 18.0% 22.9% Q2 FY25 320 78 50 Cr Cr Cr PERIOD * REVENUE EBITDA PAT *Revenue includes Other Income (Interest etc.) H1FY26 723 122 180 Cr Cr Cr FY25 1354 330 224 Full y
Slide 18: Segment Wise Revenue
INVESTOR PRESENTATION Q2 FY26 SEGMENT WISE REVENUE Consolidated Revenue – Q2 FY25 to Q2 FY26 ( ` Cr) % FY'2 4 FY'2 5 FY'2 6 Share Avg Avg Avg 383 IG 63% 61% 52% 371 352 LNG 28% 17% 27% CSD 7% 17% 16% 349 21 16 23 320 18 OTHER* 2% 5% 5% 20 63 49 TOTAL 100% 100% 100% 45 68 57 74 50 94 % Share Q2 FY2 5
Slide 19: Domestic - Export Revenue
INVESTOR PRESENTATION Q2 FY26 DOMESTIC - EXPORT REVENUE Consolidated Revenue – Q2 FY25 to Q2 FY26 ( ` Cr) % Share Q2 FY 25 Q1FY 26 Q2 FY 26 383 371 EXPORT 52% 56% 57% 349 352 205 320 211 DOMESTIC 48 % 44% 43% 179 198 TOTAL 100% 100% 100% 166 % Share FY'2 4 FY'2 5 FY'2 6 51% 53% 56% 57% EXPORT Avg Av
Slide 20: Segment Wise Order Backlog
INVESTOR PRESENTATION Q2 FY26 SEGMENT WISE ORDER BACKLOG Consolidated Order Backlog – Q2 FY2 5 to Q2 FY2 6 ( `Cr ) 1457 1485 6 17 1341 1356 11 5 1178 334 340 2 249 234 250 % Share Q2 FY2 5 Q1FY 26 Q2 FY 26 486 469 454 INDUSTRIAL GAS 485 291 IG 54 % 45% 45% LNG 25% 32% 31% LNG CSD 21% 23% 23% CRYO -
Slide 21: Domestic - Export Order Backlog
INVESTOR PRESENTATION Q2 FY26 DOMESTIC - EXPORT ORDER BACKLOG Consolidated Order Backlog – Q2 FY2 5 to Q2 FY2 6 ( `Cr ) 1,457 1,485 1,341 1,356 934 918 1,178 844 874 624 % Share Q2 FY 25 Q1FY 26 Q2 FY 26 EXPORT 53% 63% 63% EXPORT 53% 63% 63% 63% 64% DOMESTIC DOMESTIC 47% 37% 37% 554 539 551 497 481
Slide 22: Segment Wise Order Received
INVESTOR PRESENTATION Q2 FY26 SEGMENT WISE ORDER RECEIVED Consolidated Order Received – Q2 FY25 to Q2 FY26 ( `Cr ) Segment H1FY’2 5 H1FY’2 6 % Actual Actual Growth IG 399 400 0.3% 493 LNG 179 164 -8.3% 17 CSD 94 206 118.9% 51 415 OTHER* 5 20 313.6% 7 366 364 374 TOTAL 676 789 16.7% 3 6 13 1 % Share
Slide 23: Domestic - Export Order Received
INVESTOR PRESENTATION Q2 FY26 DOMESTIC - EXPORT ORDER RECEIVED Consolidated Order Received – Q2 FY2 5 to Q2 FY2 6 ( `Cr ) 493 391 415 366 364 374 228 211 217 218 % Share FY’2 5 FY’2 6 EXPORT Avg Avg 55% EXPORT 64% 56% 58% 58% DOMESTIC 60% DOMESTIC 36% 44% 79% 147 187 156 TOTAL 100% 100% 155 102 42%
Slide 24: Consolidated Profit and Loss – Key Summary Figures
INVESTOR CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES PRESENTATION Q2 FY26 Remark for Q2FY’26v/s Q2FY’25 1. Total expenses including material cost are in full control , material cost % and exp % may defer quarter to quarter on the basis of various type of manufacturing and service - related or
Slide 25: Consolidated Balance Sheet – Key Summary Figures
INVESTOR PRESENTATION CONSOLIDATED BALANCE SHEET – KEY SUMMARY FIGURES Q2 FY26 1. Major Increase in RM inventory due to increase in long lead project jobs specifically two major projects – Bahamas and Highview and new Cryo tank manufacturing facility started at Savli. 2. There is decrease in net cas
Slide 26: Shareholder Information
INVESTOR Shareholder Information PRESENTATION Q2 FY26 SHAREHOLDING PATTERN - 30th Sep 25 (IN %) NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Share Price (₹)^ 1,176.00 Sep Market Cap (₹ Mn)^ 1,06,928 2025 % Free Float^ 25.00% Free float market cap (₹ Mn)^ 26,732 Shares outstand
Slide 27: Growth Story of INOX India
INVESTOR PRESENTATION Q2 FY26 Growth Story of INOX India 25
Slide 28: Products Offerings
Industry leader in manufacturing a wide range and various kinds of INVESTOR PRESENTATION Cryogenic equipment Q2 FY26 Industrial Gas LNG Cryo Scientific Offerings Cryogenic tanks and systems for storage, and Standard and engineered equipment for LNG Equipment for technology intensive applications and
Slide 29: Snapshot
INVESTOR Collaboration, in - house technology, and engineering capabilities PRESENTATION have enabled INOX to earn brand value for its expertise in the entire Cryogenic value chain Q2 FY26 Manufactured and delivered an MRI cryostat for a GOI project ➢ Received approval for SS Keg from Heineken,
Slide 30: Focus on Product Development
INVESTOR Strong Product Development & Engineering Focus PRESENTATION Q2 FY26 Inhouse team with 450+ engineers provides the ability to develop new products and offer customized solutions Ability to provide customized solutions Installation of mini - LNG terminal in Scotland, UK and Antigua Focus on P
Slide 31: Integrated Facilities in India and Service Support Internationally
Supported by Integrated Facilities in India and Service Support INVESTOR PRESENTATION Internationally making it a ‘True - blue Indian Multinational’ Q2 FY26 Designed, Engineered and Made In Integrated Manufacturing facilities in the Making For The World India Indian Cryogenic Industry 5000+ customer
Slide 32: Product range with applications from deep in the earth to high up in space
Product range with applications from ‘deep in the earth’ to INVESTOR PRESENTATION ‘high up in space’ Q2 FY26 Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | Cryo Scientific Research | Dairy & Livestock | Electronics | Fertilizers & Chemicals | Food & Bevera
Slide 33: Diversified Domestic and International Customer Base across Industry Sectors
Diversified Domestic and International Customer Base INVESTOR PRESENTATION across Industry Sectors Q2 FY26 Key Export Geographies – US, Europe, Saudi Industrial Arabia, Brazil, Korea, UAE, Australia and Bangladesh Gas Domestic Presence Export to Others Avg of last 4 years 31% International Presence
Slide 34: Helmed by Technocrat Promoters and Professional Management
INVESTOR Helmed by Technocrat Promoters and Professional Management PRESENTATION Q2 FY26 Mr. Pavan Jain Mr. Siddharth Jain Mr. Parag Kulkarni Chairman Director ED Bachelors’ degree in Chemical Engineering Bachelor’s degree of science in engineering from Bachelor’s degree in mechanical engineer
Slide 35: Made possible by the Exceptional Team driving INOX towards Excellence
INVESTOR Made possible by the Exceptional Team driving INOX towards Excellence PRESENTATION Q2 FY26 Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi CEO CFO Global Marketing Head - IG Global Marketing Head - LNG Chief People Officer & Legal Head Joined the Company in 1992 Joined
Slide 36: Resilient to Ride through the Sector's Growth Cycle
INVESTOR Resilient to Ride through the Sector’s Growth Cycle PRESENTATION Q2 FY26 Multiple Multiple Multiple A Good Geographies + Sectors + Products = Multiple Serving Diverse Wide Array Global Markets Industries from of Products • Europe • Steel to Space • Storage and Bulk Tanks • Vaporizers, Oil a
Slide 37: Key Strengths
INVESTOR Key Strengths PRESENTATION Q2 FY26 Leading Cryogenic Solutions Global Quality Standards Product Development and Provider Engineering Focus • Largest supplier of cryogenic • Multiple global approval and • Design, engineering capabilities equipment in India certifications developed indigenous
Slide 38: Growth Pillars & Vision
INVESTOR Growth Pillars & Vision PRESENTATION Q2 FY26 Growth Pillars Profitable Value Thought Market Resilient Manufacturing Portfolio Growth Creation leadership Leadership Revenues Infrastructure through by persistent by introducing via differentiated powered by a advancing comprehensive innovation
Slide 39: Safe Harbour
INVESTOR Safe Harbour PRESENTATION Q2 FY26 This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, comp
Slide 40: Contact us
INVESTOR PRESENTATION Q2 FY26 Contact us INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) REGISTERED & CORPORATE OFFICE: 9th Floor, K P Platina, Racecourse Vadodara - 390007, Gujarat, India www.inoxcva.com DARSHAN MANKAD & ROHIT ROKADE Investor Relations E: darshan.mankad@adfacto
Slide 41: INOXCVA Historically Futuristic
INOKCVA HISTORICALLY FUTURISTIC AN INOX GROUP COMPANY | 39