INOX India Q1 Results Revenue at ₹296.41 Crores & Operating Income at ₹64.60 Crores

INOX India Q1 Results: The table presents INOX India’s financial performance for the first quarter (Q1) ending in June 2024, compared to the previous quarter (Q4) ending in March 2023, with figures in crores except for earnings per share (EPS). For Q1, INOX India's total revenue was ₹296.41 crores, which is lower than the ₹479.10 crores reported in Q4, but reflects a minor quarter-on-quarter (QoQ) growth of 7.35%. Year-over-year (YoY), revenue also shows a slight decline.

SG&A expenses decreased significantly from ₹43.96 crores to ₹26.15 crores, while Other Operating Expenses fell by 28.45% to ₹68.35 crores. Despite a small increase in Depreciation and Amortization expenses to ₹5.61 crores from ₹7.11 crores, these cost controls led to an Operating Income of ₹64.60 crores, down from ₹94.00 crores but showing a positive QoQ change of 34.43%. 

Year-over-year, the net income before taxes dropped to ₹67.93 crores from ₹94.90 crores, and Net Income decreased to ₹52.64 crores from ₹71.32 crores, though it still shows some growth compared to Q4. The Diluted Normalized EPS also fell to ₹5.78 from ₹7.94. Overall, INOX India’s cost reduction strategies helped maintain profitability despite a decrease in total revenue, reflecting both QoQ and YoY adjustments.

Here's the information presented in a simple table format:

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INOX India Q1 Results 

INOX India's financial performance for different dates, focusing on revenue, expenses, and profit. For the quarter ending June 30, 2024, INOX earned ₹29,161.54 crore from operations and ₹578.71 crore from other income, totaling ₹29,740.25 crore in total income. Their expenses included ₹11,307.15 crore for materials, ₹1,571.49 crore for inventory changes, ₹2,463.40 crore for employee benefits, ₹187.76 crore for finance costs, ₹532.37 crore for depreciation, and ₹6,828.16 crore for other expenses, amounting to ₹22,890.33 crore in total expenses. 

This resulted in a profit before tax of ₹6,849.92 crore. After taxes and adjustments, including current tax of ₹1,685.14 crore, deferred tax adjustments, and prior year taxes, the profit for the quarter was ₹5,321.02 crore. The company had no other items that would be reclassified to profit and loss, but there was a loss of ₹28.95 crore in other comprehensive income. 

INOX India's total comprehensive income for the quarter was ₹5,292.07 crore. The earnings per share were ₹5.86 basic and ₹5.85 diluted. The paid-up equity share capital was ₹1,115.17 crore, and there was no reported other equity for this period.

Here is the data presented in a tabular column format:

(All values are in lakhs)

INOX India Stock Performance 

The table provides key financial metrics for a company's stock. The Market Cap is ₹10,656 crores, indicating the company's total value in the stock market. The Current Price of the stock is ₹1,174, with a high of ₹1,507 and a low of ₹802 in recent trading. The Stock P/E ratio is 55.6, showing how much investors are willing to pay for each rupee of earnings. The Book Value of the stock is ₹71.5, reflecting its net asset value. 

Quarterly Results 

The table shows consolidated quarterly financial results for a company, from December 2022 to June 2024. Sales grew from ₹244 crores in December 2022 to ₹296 crores in June 2024. Expenses increased slightly over the same period. Operating Profit peaked at ₹72 crores in June 2023 and remained strong at ₹70 crores in June 2024, with an Operating Profit Margin (OPM) fluctuating between 17% and 24%. Net Profit rose from ₹41 crores to ₹53 crores, and EPS improved from ₹4.48 to ₹5.80. Other financial metrics, like Interest and Depreciation, remained relatively stable.

Here is the data presented in a tabular column format:

About INOX India

INOX India is a top company that makes cryogenic equipment, which is used to store and transport very cold liquids like liquefied natural gas (LNG) and hydrogen. With over 30 years of experience, INOX India is one of the leading companies in its field. By 2021, it was among the top manufacturers of cryogenic tanks in the world based on revenue. The company also became the largest exporter of cryogenic tanks from India in the 2022 fiscal year.

INOX India offers a wide range of products, including standard cryogenic tanks, custom solutions, and large projects for various industries. These industries include energy, medical, aerospace, and scientific research. The company is especially noted for its work with LNG and hydrogen, two important areas for cleaner energy. For instance, it developed a unique hydrogen transport tank in collaboration with the Indian Space Research Organisation (ISRO) and has supplied large hydrogen storage tanks for plants in South Korea.

INOX India is divided into three main areas: Industrial Gas, LNG, and Cryo Scientific. Each division focuses on different types of cryogenic equipment and services, ensuring that INOX India meets diverse needs in the global market.