Inox Wind Ltd
P&L
Quarterly Consolidated
vs Q1 FY26
Inox Wind Ltd Reports Strongest Ever Q2 Performance with 56% Revenue Growth
14 Nov 2025 · 14 Nov 2025, 05:02 pm
Summary
Inox Wind Ltd, India's leading wind energy solutions provider, reported its strongest ever Q2 performance with a 56% YoY growth in revenue. The company's EBITDA, PBT, PAT, and Cash PAT also saw significant increases. The order execution for the quarter was 202 MW, with a net order book of over 3.2 GW providing revenue visibility of 18-24 months. The company is setting up a new blade & tower manufacturing unit in Karnataka and its O&M subsidiary, Inox Green, has invested to acquire multi-gigawatt wind O&M assets.
Key Highlights
- 1
Revenue up 56% YoY; EBITDA up 48% YoY at Rs 271 cr; PBT up 93% YoY; PAT up 43% YoY; Cash PAT up 66% YoY to Rs 220 cr
- 2
Executed 202 MW in Q2; large 3.2 GW+ net order book provides 18—24 months visibility
- 3
Setting up a new blade & tower manufacturing unit at Karnataka, its first unit in South India, to be operationalized in 2026
- 4
Inox Green has invested to acquire multi-gigawatt wind O&M assets taking its O&M portfolio to ~12.5 GW
Management Comments
Mr. Devansh Jain
I am pleased to announce that Inox Wind has delivered yet another quarter of stellar results. At INOXGFL Group, we are building one of India’s most integrated renewable energy platforms, spanning wind and solar manufacturing, project development, EPC, O&M, and power generation. Our strategic initiatives are driving synergies across Group companies, and strongly positioning Inox Wind as well as Inox Green to achieve rapid and sustained growth going ahead.
Mr. Kailash Tarachandani
With another robust quarterly performance delivered, a large orderbook, and multiple strategic initiatives starting to bear fruit, Inox Wind is embarking on its next leg of growth. We are building new customer relationships and fortifying the existing ones. We are also discussing with multiple customers to enter into framework agreements which will provide long-term recurring annual orders for IWL. Further, we are expanding our manufacturing footprint to South India, where we will set up a new blade and tower manufacturing facility, giving us quicker access to large sites across Karnataka, Andhra Pradesh and Tamil Nadu.
Mr. Sanjeev Agarwal
We have delivered a strong quarter with 202 MW executed and a robust order book of > 3.2 GW. Our manufacturing facilities, including the recently commissioned nacelle & hub unit at Kalyangarh, Gujarat, are operating at high utilization levels and EPC activities on multiple sites are on full swing post the monsoons and we are confident of achieving our annual targets with second half generally being 70% of the full year execution. Our total order inflow in FY26 is ~ 400 MW till date and we are in advanced stages of closure for securing multiple other orders, which will ensure that our year-end net orderbook meets our execution guidance for the subsequent 18-24 months.
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