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4th August 2025
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Business Divisions 19% Robust 3Y CAGR Total Income 330Cr EBIDTA 24.4% EBITDA Margin 16.5% PAT Margin 34% RoCE 26% ROE 224Cr PAT FY25 (₹. Cr) Industrial Gases LNG Cryo Scientific World's leading provider of customized cryogenic equipment Over 30 years of experience in design, manufacturing and installation of cryogenic equipment Global customer base across 100+ countries Large-scale serial manufacturing facilities at four locations in India. and part manufacturing and service distribution from one location at Brazil and stock & sale facility at Netherlands in Europe Serving Industrial Gas, LNG and Cryo Scientific Division Working continuously towards Clean Energy initiatives in - LNG, Liquid Hydrogen & Fusion Energy 2
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Wood Mackenzie Data I IEEFA IEA 6
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ff ff Why small-scale LNG may be the next big wave | A PwC Report Small-scale LNG: A red herring or a hidden opportunity? A Erasmus Commodity & Trade Center Report 7
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ffi https://www.iea.org/commentaries/islands-need-resilient-power-systems-more- than-ever-clean-energy-can-deliver 8
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India’s Natural Gas Demand Projection for 2030-2040 by PNGRB https://pngrb.gov.in/pdf/CaseStudies/20250609_CSR.pdf ff ffi 9
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PERIOD EBIDTA PATREVENUE Q1 FY26 Q1 FY25 352 19.4% 18.9%16.7% 89 61 302 74 51 FY25 Full year 1354 330 224 FY25 Full year * 15
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` 188 188 239 233 170 46 62 50 74 102 63 57 45 63 675 13 15 14 13 302 320 349 383 352 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 16
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` 04-Aug-25 10:26 AM 17 139 154 170 178 154 163 166 179 205 198 302 320 349 383 352 46% 48% 49% 47% 44% 54% 52% 51% 53% 56% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 17
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` 557 637 607 635 654 254 291 485 486 469294 250 249 234 334 1105 1178 1341 1356 1457 0 200 400 600 800 1000 1200 1400 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 AXIS TITLE AXIS TITLE 18
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` 544 554 497 481 539 561 624 844 874 918 1,105 1,178 1,341 1,356 1,457 49% 47% 37% 36% 37% 51% 53% 63% 64% 63% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 19
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` 142 262 200 251 184 80 98 242 75 85 88 6 51 39 146 310 366 493 364 415 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 20
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` 151 155 102 147 187 159 211 391 217 228 310 366 493 364 415 49% 42% 21% 40% 45% 51% 58% 79% 60% 55% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 21
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Particulars (₹ Cr) Note Q1 FY26 % Q1 FY25 % Y-o-Y Q4 FY25 % % Q-o-Q FY25 % Revenue from Operations 339.6 296.4 14.6% 369.4 -8.1% 1,306.0 Other Income 1 12.7 5.4 136.1% 13.1 -3.6% 47.8 Total Income 352.3 301.8 16.7% 382.5 -7.9% 1,353.8 Cost of materials consumed 143.4 40.7% 113.67 37.7% 26.2% 182.1 47.6% -21.3% 586.1 43.3% Changes in Inventories of FG & SFG (8.7) -2.5% 18.0 6.0% -148.0% (25.9) -6.8% -66.5% (9.1) -0.7% Total Cost of materials consumed including WIP 2 134.8 38.3% 131.7 43.6% 2.3% 156.3 40.9% -13.8% 577.0 42.6% Employee benefits expense 3 33.9 9.6% 26.2 8.7% 29.5% 29.4 7.7% 15.3% 110.0 8.1% Other expenses incl Other Comprehesive Income 4 95.2 27.0% 69.8 23.1% 36.3% 101.9 26.6% -6.5% 336.6 24.9% Total Operating Expenses 263.8 74.9% 227.7 75.5% 15.9% 287.5 75.2% -8.2% 1,023.6 75.6% EBITDA (with Other Income) 88.5 25.1% 74.08 24.5% 19.4% 95.0 24.8% -6.9% 330.3 24.4% EBITDA Margin (%) 25.1% 24.5% 0.6% 24.8% 0.3% 24.4% Finance cost 5 0.7 0.2% 2.0 0.7% -64.5% 1.2 0.3% -38.2% 8.5 0.6% Depreciation 7.6 2.1% 5.6 1.9% 35.0% 7.1 1.9% 6.0% 25.1 1.9% Profit Before Tax ( PBT ) 80.2 22.8% 66.4 22.0% 20.7% 86.7 22.7% -7.5% 296.6 21.9% Tax Expense 6 19.2 5.5% 15.2 5.0% 26.6% 20.87 5.5% -7.8% 72.7 5.4% Profit After Tax ( PAT ) 60.9 17.3% 51.2 17.0% 18.9% 65.8 17.2% -7.5% 224.0 16.5% PAT Margin (%) 17.3% 17.0% 0.3% 17.2% 0.1% 16.5% 22
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24 - Promoters - DII - FPI - Public NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Share Price (₹)^ 1,230.00 Market Cap (₹ Mn)^ 1,11,639 % Free Float^ 25.00% Free float market cap (₹ Mn)^ 27,910 Shares outstanding^ 9,07,63,500 3 Months ADTV* (shares) – 30th June 25 104,037 3 Months ADTV* (₹ Mn) – 30th June 25 116.27 Industry Other Industrial Products June 2025 ^Source: NSE, *ADTV – Average Daily Trading Volume SHAREHOLDING PATTERN - 30th June 25 (IN %) 75.00% 6.68% 6.94% 11.38%
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North America 32% Europe 23% South America 14% Export to Others 31%Avg of last 4 years 31
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Growth Pillars Vision Profitable Portfolio Growth Value Creation Thought leadership Market Leadership Resilient Revenues Manufacturing Infrastructure through comprehensive solutions by persistent innovation by introducing products ahead of demand via differentiated service powered by a diverse product range advancing through constant upgradation To be the world's best integrated cryogenic solutions enterprise with a leadership position across products and markets, exceeding customer and stakeholder expectations 36
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This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India. Please note that this presentation is based on the publicly available information including but not limited to Company’s website and Annual Reports. This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in securities are subject to risks including loss of principal amount. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. 37
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INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) REGISTERED & CORPORATE OFFICE: 9th Floor, K P Platina, Racecourse Vadodara - 390007, Gujarat, India www.inoxcva.com SUNIL LAVATI | Investor Relations Officer E: acctir.in@inoxcva.com ADITYA TIKARE & ROHIT ROKADE Investor Relations E: aditya.tikare@adfactorspr.com E: rohit.rokade@adfactorspr.com 38
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