India's palm oil imports hit 14-month high, soyoil purchases set record
In October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, reflecting increased demand. The overall edible oil imports rose by 13%, reaching 1.74 million tons during the festive season. This demand is driven by concerns about limited domestic supplies and El Nino-related crop damage.
INOX India Ltd (NSE:INOXINDIA) reported a decline in Q2FY27 financial results, driven by record-breaking orders and a strong backlog. The company's stock rose by 1.42% to INR 1,894.50, though it remained below its 52-week high of INR 2,339.50. INOX India recorded a revenue of INR 467 crore for Q2FY27, a 26.6% increase from INR 369 crore in Q2FY26.
The company's EBITDA rose to INR 100 crore in Q2FY27, a 10.8% increase from the previous year, though the margin shrank to 21.3% from 24.3% in Q2FY26. Management cited project-to-project cost variations, aggressive pricing strategies, and elevated logistics costs as factors behind the margin compression. The company's revenue is diversified across segments, with Industrial Gas contributing 61% of Q2FY27 revenue (INR 285 crore) and LNG accounting for 15% (INR 71 crore).
Nearly 72% of INOX India's order backlog, valued at INR 2,268 crore as of September 30, 2026, is from international clients, with space-sector orders comprising approximately INR 1,100 crore of the total backlog.
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