INOX Wind has released the transcript of its conference call held on August 7, 2026, discussing its Q1 FY27 unaudited financial results. The call featured management providing updates on financial performance, operational achievements, and strategic initiatives, including a pivot towards equipment supply and expansion plans for INOX Renewable Solutions. Discussions also covered the group’s synergy, market outlook, and acquisition progress.
INOX Wind Releases Q1 FY27 Conference Call Transcript
INOX Wind Limited, along with INOX Green Energy Services Limited, has disseminated the transcript of their conference call concerning the Q1 FY27 unaudited financial results. The call, which took place on August 7, 2026, was attended by key management personnel including Mr. Sanjeev Agarwal (CEO, INOX Wind) and Mr. S.K. Mathusudhana (CEO, INOX Green).
Key Financial Highlights and Operational Updates
During the call, INOX Wind reported a consolidated revenue of INR872 crore, adjusted EBITDA of INR237 crore, PBT of INR95 crore, and PAT of INR64 crore for Q1 FY27. Management highlighted progress in their strategic pivot towards increasing the share of equipment supply in their order mix, aiming for long-term financial robustness. As of July 2026, equipment supply constituted approximately 59% of the order book from third-party entities. The company also announced an MOU for 1.5 GW with INOX Clean Energy, with firm orders for 500 MW secured, and received an LOA for 200 MW from NLC India. The order book stands at approximately 4.4 GW, providing execution visibility for 24-36 months.
INOX Green Performance and Acquisitions
INOX Green reported a total income of INR101 crore, with EBITDA of INR57 crore and Profit After Tax of INR41 crore in Q1 FY27. Machine availability averaged 96.3%. The company received approval for the acquisition of Wind World India Limited, with formalities expected to conclude in Q2 FY27. INOX Green’s O&M portfolio stood at approximately 13.3 GW as of June 2026. The demerger of power evacuation infrastructure business into INOX Renewable Solution was completed effective August 1, 2026.
Strategic Outlook and Future Plans
Management emphasized the ongoing strategic shift towards equipment supply, expecting improved financial performance, particularly in H2 FY27. They also discussed the development of the 4X wind turbine model, with commercial launch expected by end of FY26, and expansion plans for INOX Renewable Solutions Limited, including higher capacity transformers. The company reaffirmed its full-year revenue guidance of 75% growth and an EBITDA margin of 20-22% on a consolidated basis.
Q&A Highlights
During the question-and-answer session, investors inquired about funding for acquisitions, the impact of the ALMM rule, revenue recognition for EPC vs. equipment supply, and guidance for upcoming quarters. Management reiterated their commitment to the strategic pivot, highlighting its flexibility and potential to improve working capital cycles. They also addressed the timeline for RESCO listing and provided insights into the O&M business guidance of 50% EBITDA margin.
Source: BSE
