Shares of INOX India Ltd skyrocketed 13% on 27 February after the company announced securing an international certification for cryogenic fuel takes. 

Earlier on 24 February, the company, in its filing, announced emerging as India’s first cryogenic equipment manufacturer to receive the prestigious IATF 16949 certification that was awarded a comprehensive audit of the company’s facility at Kalol, Gujarat. 

INOX India has received a Bureau Veritas Certification, covering the design and production of insulated cryogenic fuel tanks, which is a mandatory requirement for automotive OEM suppliers. This certification reaffirms the company’s adherence to quality management standards.

Despite securing major projects and expanding its production capacity, revenue growth has slowed. However, the management remains optimistic about a strong performance in Q4FY25 and FY26. The company anticipates an 18-20% year-on-year revenue growth in the fourth quarter, potentially surpassing Rs 400 crore.

As of 31 December 2024, INOX India’s order backlog stood at Rs 1,341 crore, with new orders worth Rs 493 crore in Q3FY25.

With a presence in over 100 countries, INOX India generates approximately 55% of its total revenue from exports.

In the third quarter of FY25, the company reported a 14.8% YoY increase in revenue, reaching Rs 334 crore. EBITDA rose by 3% YoY to Rs 69 crore, though EBITDA margin declined by 220 basis points to 20.7%. Meanwhile, net profit surged 20% YoY to Rs 58 crore, primarily driven by a 78% rise in other income.

At 3:30 pm, the shares of INOX India closed 2.16% higher at Rs 924.40 on NSE.

Got INOX India Ltd Questions? The Analyst is Ready.

Tired of missing hot stocks? Unicorn Signals provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!