INOX India Shares Surge 13% After Securing Prestigious IATF 16949 Certification

Company Becomes India’s First Certified Cryogenic Equipment Manufacturer for Automotive Applications

Shares of INOX India Ltd. (NSE: INOXINDIA) soared 13% in early trade on February 27, 2025, reversing recent losses after the company announced a significant milestone in the cryogenic equipment industry.

The surge comes after INOX India became India’s first cryogenic equipment manufacturer to secure the IATF 16949 certification, a globally recognized quality standard for automotive OEM suppliers. This certification, issued by Bureau Veritas Certification, was awarded following a rigorous audit of INOX India’s Kalol facility in Panchmahal, Gujarat.

At 10:40 AM, the stock was trading at ₹1,022.05, reflecting a 12.95% increase from the previous session’s close.

INOX India’s Certification: A Major Leap in Cryogenic Technology

• First in India: INOX India is now the only Indian company certified to manufacture insulated cryogenic fuel tanks for automotive applications.
• Quality Benchmark: The IATF 16949 certification validates the company’s adherence to stringent global quality management standards in cryogenic equipment manufacturing.
• Boost to Market Position: This milestone is expected to strengthen INOX India’s credibility among international automotive and industrial OEMs.

Strong Financial Performance in Q3FY25

INOX India reported solid earnings growth for the third quarter of FY25, despite capacity expansion slowing revenue momentum.

• Revenue Growth: ₹334 crore, up 14.8% year-on-year (YoY).
• EBITDA: ₹69 crore, a 3% YoY increase, though margins declined by 220 basis points to 20.7%.
• Net Profit Surge: ₹58 crore, marking a 20% YoY jump, driven by a 78% rise in other income.

The company remains optimistic about Q4FY25 and FY26, projecting a stronger revenue growth of 18-20% YoY, with Q4FY25 revenue expected to surpass ₹400 crore.

Robust Order Book and Global Expansion

INOX India has been aggressively securing large-scale projects, leading to a robust order backlog and expanding international presence.

• Order Backlog (as of Dec 31, 2024): ₹1,341 crore, reflecting sustained demand.
• Q3FY25 Order Inflow: ₹493 crore, supporting future revenue visibility.
• Export Strength: 55% of total revenue comes from international markets, with INOX India having a footprint in over 100 countries.

Future Outlook: A Strong Growth Trajectory Ahead

With the latest IATF 16949 certification, INOX India is set to expand its foothold in the cryogenic solutions segment for automotive applications. The company’s capacity expansion, robust order pipeline, and global market penetration position it for sustained growth in FY26 and beyond.

Investors and analysts will closely watch the company’s Q4FY25 performance, as management remains confident in achieving double-digit revenue growth and strengthening its market dominance in cryogenic equipment manufacturing.