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INOX India: Strong order book, tech edge offset tariff, execution risks

Jitendra Kumar Gupta   •

The Industrial Gas segment, the largest revenue contributor, declined 9.5% due to US tariffs. However, the company says there are very few suppliers in the US and tariffs apply mainly to steel components.

INOX's consolidated revenue for the quarter grew 15 percent year on year (YoY), supported by a broad-based performance across Industrial Gas (IG), LNG (Liquefied Natural Gas), and Cryo Scientific segments

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More