INOX India544046Quarterly results
Board approves unaudited Q2 and H1 FY27 results; auditor's limited review conclusion unmodified
Board met on 3 November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the Statement of Assets & Liabilities.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 45,648.37 | 35,822.37 | +27.4% | 37,079.03 | +23.1% |
| Total income | 46,733.62 | 36,907.23 | +26.6% | 38,159.54 | +22.5% |
| Profit before tax | 8,879.57 | 8,119.11 | +9.4% | 7,558.56 | +17.5% |
| Profit after tax | 6,656.32 | 6,083.79 | +9.4% | 5,807.20 | +14.6% |
| Total comprehensive income | 6,635.18 | 6,154.24 | +7.8% | 6,054.12 | +9.6% |
| Basic EPS | 7.32 | 6.70 | +9.3% | 6.40 | +14.4% |
- Total income YoY
- +26.6%
- Period
- 30th September, 2026
Auditor's review
Conclusion: Unmodified
- Other matter: one subsidiary reviewed by its independent auditor (total assets Rs. 9,086.09 lakhs, total revenues Rs. 1,055.36 lakhs for the quarter); conclusion not modified in respect of this matter.
Notes to the results
- Holding Company allotted 1,58,959 equity shares on exercise of ESOPs during the quarter and half year, including 70,197 options to KMPs/Director.
- Exceptional income of ₹200.40 lakh in quarter ended 30th September, 2025 from settlement receipts of erstwhile USA subsidiary CVA Inc (₹521.05 lakh for FY ended 31st March, 2026).
- Exceptional expense of ₹848.96 lakh in FY ended 31st March, 2026 paid to Taylor-Wharton America Inc under arbitration award on non-compete clause.
Board meeting outcome
The Board of Directors met on 3 November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The same meeting approved the Statement of Assets & Liabilities, the Cash Flow Statement and a press release.
Auditor's review conclusion
S R B C & CO LLP reviewed both the standalone and the consolidated statements. In both reports the conclusion is unmodified: nothing came to the auditor's attention that causes it to believe the statements contain a material misstatement or fail to disclose what the listing regulations require.
Standalone figures (₹ lakh)
- Revenue from operations for the quarter: 44,532.34, against 35,556.26 in the quarter ended 30 September 2025
- Total income for the quarter: 45,539.45
- Profit before exceptional items and tax: 8,643.33
- Profit after tax for the quarter: 6,459.02, against 5,861.26 a year earlier
- Basic earnings per share: 7.10
- Half year (April to September 2026): revenue from operations 80,232.32, profit after tax 12,095.84
Consolidated figures (₹ lakh)
- Revenue from operations for the quarter: 45,648.37, against 35,822.37 in the quarter ended 30 September 2025
- Total income for the quarter: 46,733.62
- Profit after tax for the quarter: 6,656.32, against 6,083.79 a year earlier
- Basic earnings per share: 7.32
- Half year: revenue from operations 82,727.40, profit after tax 12,463.52
- Total equity as at 30 September 2026: 1,22,776.96
Balance sheet points (standalone, ₹ lakh)
- Total assets as at 30 September 2026: 2,07,224.67, against 2,00,028.02 as at 31 March 2026
- Total equity: 1,24,463.18
- Total liabilities: 82,761.49
- Current financial liabilities under borrowings: nil at 30 September 2026, against 6,950.00 at 31 March 2026
- Cash and cash equivalents: 1,500.14
Other disclosures in the notes
- 1,58,959 equity shares were allotted during the quarter and half year under the employee stock option scheme, including 70,197 options to KMPs/Director of the Company.
- The Company assessed the four new Labour Codes and estimated an increase in liability of 129.38 lakh for gratuity and 195.00 lakh for compensated absences, both charged as employee benefits expense in the year ended 31 March 2026.
- Amounts linked to a settlement with a customer of the US subsidiary and an arbitration award relating to that subsidiary are recorded as exceptional items in the year ended 31 March 2026: a settlement receipt of 521.05 lakh acknowledged in that year (including 200.40 lakh in the quarter and half year ended 30 September 2025) and a payment of 848.96 lakh directed by the arbitral tribunal.
What to watch
- The results are unaudited interim figures that have been subject to a limited review, which is narrower in scope than a full audit.
- The quarter's numbers show revenue and profit higher than the same quarter a year earlier on both standalone and consolidated bases; the size of the change can be judged from the figures above.
- The employee stock option allotments increase the paid up equity share capital, shown at 1,818.45 lakh (face value ₹ 2 each) against 1,815.27 lakh at 31 March 2026.
₹6,656.32 lakh+13.6%
Q ended 30 September 2025₹5,861.26 lakhQ ended 30 September 2026₹6,656.32 lakh
37,079.03 (₹ in Lakh)Revenue from operations, quarter
Profit before tax, latest quarter8,879.57 (₹ in Lakh)
Profit before tax, year-ago quarter8,119.11 (₹ in Lakh)
Profit before tax, quarter7,558.56 (₹ in Lakh)
Profit after tax, latest quarter6,656.32 (₹ in Lakh)
Standalone Profit after tax, (₹ lakh₹5,861.26 lakh
Also from INOX India
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3 Nov 2026
INOX India to hold Q2FY27 results conference call on 4 November 2026
29 Oct 2026
Board meeting on 3rd November, 2026 to consider September quarter and half year results
28 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30 September 2026 (₹ lakh)44,532.34
- Standalone Profit after tax, quarter ended 30 September 2026 (₹ lakh)6,459.02
- Standalone Revenue from operations, quarter ended 30 September 2025 (₹ lakh)35,556.26
- Standalone Profit after tax, quarter ended 30 September 2025 (₹ lakh)5,861.26
- Equity shares allotted under employee stock option scheme1,58,959
- Estimated increase in gratuity liability from new Labour Codes (₹ lakh)129.38
- Total income, latest quarter46,733.62 (₹ in Lakh)
- Total income, year-ago quarter36,907.23 (₹ in Lakh)
- Total income, previous quarter38,159.54 (₹ in Lakh)
- Total comprehensive income, latest quarter6,635.18 (₹ in Lakh)
- Total comprehensive income, year-ago quarter6,154.24 (₹ in Lakh)
- Total comprehensive income, previous quarter6,054.12 (₹ in Lakh)
- Profit after tax, latest quarter6,656.32 (₹ in Lakh)
- Profit after tax, year-ago quarter6,083.79 (₹ in Lakh)
- Profit after tax, previous quarter5,807.20 (₹ in Lakh)
- Revenue from operations, latest quarter45,648.37 (₹ in Lakh)
- Revenue from operations, year-ago quarter35,822.37 (₹ in Lakh)
- Revenue from operations, previous quarter37,079.03 (₹ in Lakh)
- Profit before tax, latest quarter8,879.57 (₹ in Lakh)
- Profit before tax, year-ago quarter8,119.11 (₹ in Lakh)
- Profit before tax, previous quarter7,558.56 (₹ in Lakh)
Source: BSE · 3 Nov 2026
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