INOX Wind Limited announced the outcome of its Board Meeting held on February 13, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025, along with Limited Review Reports. Furthermore, the Nomination & Remuneration Committee approved the grant of 1,83,000 Stock Options to eligible employees under the ‘Inox Wind – Employee Stock Option Scheme 2024’.
Financial Results Approval
The Board of Directors of INOX Wind Limited, following their meeting on February 13, 2026, formally approved the Unaudited Standalone and Consolidated Financial Results for the quarter and the nine months that concluded on December 31, 2025. These results were accompanied by the Limited Review Reports issued by the Statutory Auditors, M/s. Dewan P.N. Chopra & Co.
Key Standalone Highlights (Q3 FY2026 vs Q3 FY2025)
Analyzing the standalone results for the quarter ended December 31, 2025 (Q3 FY2026) compared to the corresponding quarter in the previous year (Q3 FY2025):
- Total Income: Increased to ₹1,10,398 Lakhs from ₹94,551 Lakhs.
- Profit/(Loss) Before Tax: Reported at ₹19,395 Lakhs, up from ₹13,376 Lakhs in Q3 FY2025.
- Profit for the Period: Stood at ₹12,633 Lakhs, significantly higher than ₹5,858 Lakhs year-over-year.
- Total Comprehensive Income: Reached ₹12,647 Lakhs, up from ₹5,838 Lakhs.
- Basic/Diluted EPS (Not Annualized): Improved to ₹0.73 per share, compared to ₹0.35 per share.
Key Consolidated Highlights (Q3 FY2026 vs Q3 FY2025)
Consolidated performance for the quarter ended December 31, 2025:
- Total Income: Rose to ₹1,23,842 Lakhs from ₹99,473 Lakhs.
- Profit/(Loss) Before Tax: Recorded at ₹20,944 Lakhs, compared to ₹20,546 Lakhs.
- Profit for the Period (Attributable to Owner): Amounted to ₹11,739 Lakhs, compared to ₹11,665 Lakhs.
- Total Comprehensive Income (Attributable to Owner): Was ₹11,754 Lakhs, up from ₹11,638 Lakhs.
- Basic/Diluted EPS (Not Annualized): Registered at ₹0.73 per share, up from ₹0.69 per share.
Employee Stock Option Grant
The Nomination & Remuneration Committee utilized the authority granted under the ‘Inox Wind – Employee Stock Option Scheme 2024’ (‘Scheme’) to approve the grant of 1,83,000 Stock Options. These options are convertible into an equal number of Equity Shares of the Company, following exercise.
The options were priced at a 50% discount to the closing market price of the Company’s equity shares on NSE on February 12, 2026, resulting in an issue price of ₹109.32 per share.
Significant Terms of ESOP:
- The options will vest after a statutory minimum period of one (1) year and a maximum period of four (4) years from the grant date.
- The exercise period for vested options is a maximum of four (4) years from the vesting date.
Auditor Emphasis Notes (Standalone)
The Independent Auditors drew specific attention to several matters in their review:
- Investment status in 6 Special Purpose Vehicles (SPVs).
- Pending litigation matters before Court/Appellate Authorities.
- The policy for revenue recognition on Operation & Maintenance (O&M) services, where billing for services rendered (amounting to ₹12,750 Lakh) is subject to ongoing contractual negotiations.
- The evaluation of the impact of the newly notified New Labour Codes by the Central Government.
Auditor Emphasis Notes (Consolidated)
For the consolidated results, the auditors highlighted:
- The potential impact of pending litigation matters.
- The policy regarding revenue recognition for O&M services and expectations of no material adjustments despite potential delays in WTG commissioning.
- The significant carrying value of work-in-progress inventory, valued at ₹17,037 Lakhs as of the reporting date, contingent upon the announcement of Wind Farm Development policies by state governments.
- The accounting treatment for the merger completed in the previous year, requiring restatement of prior period financials.
The Board meeting commenced at 3:30 P.M. and concluded at 3:55 P.M. on the date of the announcement.
Source: BSE
