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23 min ago 2 min read
Industrial gas company INOX India has reported its “highest-ever” fourth quarter (Q4) and full-year financial results, totalling ₹475 crore ($49.6m) and ₹ 1,632 crore ($170.5m), respectively.
Q4 FY25 revenue rose 24.2% year-on-year to ₹475 crore ($57m), while adjusted EBITDA increased 13.4% to ₹108 crore ($13m) and adjusted PAT rose 9% to ₹72 crore ($8.7m).
For Q4, INOX’s industrial gas division accounted for 50% of its overall revenues, supported by export demand, strong order inflows, and growth across transport tanks and liquid cylinders.
Annual sales of transport tanks and semi-trailers within this division exceeded 300 for the first time in the company’s history. INOX also distributed over two million disposable cylinders, despite tariff-related challenges in the US.
Liquefied natural gas (LNG) was also a strong segment for the quarter, accounting for 32% of revenues. Notably, the company received an LNG marine fuel tank order from Cochin Shipyard for LNG-powered vessels. The order was comprised of six LNG fuel tanks of 800 cubic metres each.
The company also received an LCNG station order from Gujarat Gas and continued dispatches of LNG fuel tanks to automotive OEMs.
INOX’s cryo-scientific division and beverage keg division represented 12% and 6%, respectively
