Inox India Limited · NSE:INOXINDIA
Inox India — Q3 FY26 Earnings Presentation
42 slides from Inox India's earnings presentation, Feb 12, 2026
Slide 1: Disclosure under Regulation 30 - Investor Presentation
® INOX CVA HISTORICALLY FUTURISTIC IIL:SEC:SE:INTM:203 Date: 12th February, 2026 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 Comple
Slide 2: Investor Presentation Q3FY26
www.inoxcva.com INVESTOR PRESENTATION Q3FY2 6 Investor Presentation Q3FY26 INOX India Ltd 12th February 2026
Slide 3: Summary
INVESTOR PRESENTATION Q3 FY26 SUMMARY • INOX India – In a Nutshell • Key Highlights – Q3FY26 • 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 Q3 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 – Q3FY26
INVESTOR PRESENTATION Q3 FY26 KEY HIGHLIGHTS – Q3F Y26 Awarded “ Most Impactful ESG Initiative” & Additional Order received from US space INOXAP Flagged - off India’s First LNG Powered “Innovation in Distribution” at the Gasworld Global company for large size ( 1000M 3 ) tanks Cryogenic Tanker manuf
Slide 6: Growth Drivers at INOX India
INVESTOR PRESENTATION Q3 FY26 Growth Drivers at INOX India 4
Slide 7: The Business Case for Cryogenic Hydrogen is Heating Up
INVESTOR PRESENTATION Q3 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 Q3 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 Q3 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 Q3 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
INVESTOR PRESENTATION Q3 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 Q3 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 Q3 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: INOXCVA's Role in Powering ISRO's Space Mission
INVESTOR PRESENTATION INOXCVA’s Role in Powering ISRO’s Space Mission Q3 FY26 • Umbilical Tower • Vacuum System • Nitrogen Supply • Liquid Hydrogen Systems (NSS) Filling System (LHFS) • Liquid Oxygen Filling System (LOFS) Solutions for Launchpad for rockets & payloads Solutions for Testing • Electri
Slide 15: Growing at the Pace of Clean Energy
INVESTOR PRESENTATION Q3 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 16: Financial Performance
INVESTOR PRESENTATION Q3 FY26 Financial Performance 14
Slide 17: Key Highlights - Financial
INVESTOR PRESENTATION Q3 FY26 KEY HIGHLIGHTS - FINANCIAL CONSOLIDATED Q3FY26 Q3FY26 * Adjusted EBITDA Highest Highest Revenue EBITDA * ₹ 436 Cr ₹ 102 Cr Q3FY26 Highest Export Revenue ₹ 271 Cr 15
Slide 18: Consolidated – Key Result Highlights
INVESTOR PRESENTATION Q3 FY26 CONSOLIDATED – KEY RESU LT HIGHLIGHTS Q3 FY26 436 102 68 **Adjusted EBITDA & PAT (without one time expense & Income) Cr Cr Cr % Increase From Q3FY 25 ( YoY ) 27.4% 34.2% 32.3% EBITDA PAT 342 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Adjusted One time Exp/ (Income) ** 102 8.5 76 (7.2)
Slide 19: Segment Wise Revenue
INVESTOR PRESENTATION Q3 FY26 SEGMENT WISE REVENUE Consolidated Revenue – Q3 FY25 to Q3 FY26 ( ₹ Cr) 436 % FY'2 4 FY'2 5 9MFY'2 6 13 Share Avg Avg Avg IG 63% 61% 55% 383 369 55 LNG 28% 17% 26% 342 21 352 15 CSD 7% 17% 14% 16 63 18 49 45 107 OTHER* 2% 5% 4% 67 TOTAL 100% 100% 100% 50 74 93 % Share Q3
Slide 20: Domestic - Export Revenue
INVESTOR PRESENTATION Q3 FY26 DOMESTIC - EXPORT REVENUE Consolidated Revenue – Q3 FY25 to Q3 FY26 ( ₹ Cr) 436 383 271 352 369 342 205 211 171 198 62% EXPORT 50% 53% 56% 57% 171 178 165 DOMESTIC 154 158 50% 47% 44% 43% 38% *Other includes Keg Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Note: - Previous P
Slide 21: Segment Wise Order Backlog
INVESTOR PRESENTATION Q3 FY26 SEGMENT WISE ORDER BACKLOG Consolidated Order Backlog – Q3 FY2 5 to Q3 FY2 6 ( ₹ Cr ) 1457 1485 1457 17 1341 1356 6 19 11 5 334 340 362 249 234 486 469 454 INDUSTRIAL GAS 485 446 Segment wise,Qtr.wise (QoQ,YoY ) Order Backlog % % Share Q3 FY2 5 Q2 FY 26 Q3 FY 26 LNG IG
Slide 22: Domestic - Export Order Backlog
INVESTOR PRESENTATION Q3 FY26 DOMESTIC - EXPORT ORDER BACKLOG Consolidated Order Backlog – Q3 FY2 5 to Q3 FY2 6 (₹Cr ) 1457 1485 1457 1341 1356 934 918 918 844 874 EXPORT 63% 63% 63% 63% 64% DOMESTIC 539 551 539 497 482 37% 36% 37% 37% 37% *Other includes Keg Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26
Slide 23: Segment Wise Order Received
INVESTOR PRESENTATION Q3 FY26 SEGMENT WISE ORDER RECEIVED Consolidated Order Received – Q3 FY25 to Q3 FY26 (₹ Cr ) 493 16 51 415 374 392 364 6 10 13 1 38 146 69 60 Segment wise Year wise % 242 INDUSTRIAL GAS 75 79 97 % Share FY’2 5 9MFY’ 26 LNG 85 IG 54 % 52% LNG 32% 22% CSD 12% 24 % CRYO - SCIENTIF
Slide 24: Domestic - Export Order Received
INVESTOR PRESENTATION Q3 FY26 DOMESTIC - EXPORT ORDER RECEIVED Consolidated Order Received – Q3 FY2 5 to Q3 FY2 6 (₹ Cr ) 493 391 415 392 364 374 228 251 217 218 EXPORT 55% 58% 64% DOMESTIC 60% 79% 187 147 156 141 102 21% 40% 45% 42% 36% *Other includes Keg Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 No
Slide 25: Consolidated Profit and Loss – Key Summary Figures
INVESTOR PRESENTATION CONSOLIDATED PROFIT AND LOSS – KEY SUMMARY FIGURES Q3 FY26 Remark for Q3FY’26v/s Q3FY’25 1. Total exp. including material cost are in full control in Q3 FY26, its 76.5% agst.77.7% in Q3 FY25 and 75.7% in Q2 FY26 , material cost % and exp % may defer Qtr to Qtr on the basis of v
Slide 26: Consolidated Balance Sheet – Key Summary Figures
INVESTOR CONSOLIDATED BALANCE SHEET – KEY SUMMARY FIGURES PRESENTATION Q3 FY26 CONSOLIDATED Dec-25 Sept-25 Mar-25 CONSOLIDATED Dec-25 Sept-25 Mar-25 BALANCE SHEET end Rs Cr end Rs Cr end Rs Cr BALANCE SHEET end Rs Cr end Rs Cr end Rs Cr 1. There is decrease in net cash/bank balance due to Sources of
Slide 27: Shareholder Information
INVESTOR Shareholder Information PRESENTATION Q3 FY26 SHAREHOLDING PATTERN – 31st Dec 25 (IN %) NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Share Price (₹)^ 1,1,37.70 Dec Market Cap (₹ Mn)^ 1,02,935 2025 % Free Float^ 25.00% Free float market cap (₹ Mn)^ 25,734 Shares outstan
Slide 28: Growth Story of INOX India
INVESTOR PRESENTATION Q3 FY26 Growth Story of INOX India 26
Slide 29: Products Offerings
Industry leader in manufacturing a wide range and various kinds of INVESTOR PRESENTATION Cryogenic equipment Q3 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 30: 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 Q3 FY26 Manufactured and delivered an MRI cryostat for a GOI project ➢ Received approval for SS Keg from Heineken,
Slide 31: Focus on Product Development
INVESTOR Strong Product Development & Engineering Focus PRESENTATION Q3 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 32: 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’ Q3 FY26 Designed, Engineered and Made In Integrated Manufacturing facilities in the Making For The World India Indian Cryogenic Industry 5000+ customer
Slide 33: 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’ Q3 FY26 Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | Cryo Scientific Research | Dairy & Livestock | Electronics | Fertilizers & Chemicals | Food & Bevera
Slide 34: Diversified Domestic and International Customer Base
Diversified Domestic and International Customer Base INVESTOR PRESENTATION across Industry Sectors Q3 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 35: Helmed by Technocrat Promoters and Professional Management
INVESTOR Helmed by Technocrat Promoters and Professional Management PRESENTATION Q3 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 36: Exceptional Team driving INOX towards Excellence
INVESTOR Made possible by the Exceptional Team driving INOX towards Excellence PRESENTATION Q3 FY26 Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi Tushar Zope CEO CFO Global Marketing Global Marketing Chief People Officer & Chief Technology Head - IG Head - LNG Legal Head Officer
Slide 37: Resilient to Ride through the Sector's Growth Cycle
INVESTOR Resilient to Ride through the Sector’s Growth Cycle PRESENTATION Q3 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 38: Key Strengths
INVESTOR Key Strengths PRESENTATION Q3 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 39: Growth Pillars & Vision
INVESTOR Growth Pillars & Vision PRESENTATION Q3 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 40: Safe Harbour
INVESTOR Safe Harbour PRESENTATION Q3 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 41: Contact us
INVESTOR PRESENTATION Q3 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 39 ROHIT ROKADE & SUMIT KINIKAR Investor Relations E: sumit.kinikar@adfact
Slide 42: INOXCVA Historically Futuristic
INOKCVA HISTORICALLY FUTURISTIC AN INOX GROUP COMPANY | 40)