INOX India secures ₹190 crore order, orderbook reaches ₹1,359 crore; share price surges 5%

The stock rose 5.13% to ₹1,034 apiece on the National Stock Exchange (NSE) at 2:00 pm. The company's market capitalisation stands at ₹9,384.95 crore.

In an exchange filing, the company said it has bagged orders worth ₹190 crore. It has received a large order from a European university for the supply of transfer lines and a minor order from an Australian customer for the supply of IMO containers for oxygen, nitrogen, and CO₂.

It has also secured minor orders to supply horizontal and vertical LNG and industrial gas storage tanks, vaporisers, and other specialised cryogenic equipment.

A large order is in the range of ₹30 crore to ₹60 crore, while a minor order is between ₹10 crore to ₹30 crore.

Deepak Acharya, Chief Executive Officer (CEO) of INOX India, said, "These orders reaffirm our customers' trust in INOX India's cutting-edge cryogenic solutions. As the demand for clean energy and industrial gas infrastructure continues to rise, we remain committed to delivering innovative, high-quality, and reliable cryogenic equipment worldwide. We are also happy to strengthen our global footprint in this period."

The company's orderbook stands at ₹1,359 crore.

The company reported a 20.17% increase in its consolidated profit after tax to ₹58.38 crore for the latest December quarter, compared to ₹48.58 crore in the year-ago period.

Revenue from operations climbed 14.76% to ₹333.62 crore in the third quarter of the current fiscal as against ₹290.69 crore in the same period a year ago.