Inox Wind reported its best-ever Q2 performance, driven by strong execution and a diversified order book. Revenue increased by 56% YOY to ₹1,162 crore, with EBITDA up 48% YOY to ₹271 crore and PAT increasing by 43% YOY to ₹121 crore. The company has a large order book of over 3.2 gigawatt and is expanding manufacturing presence in South India.
Exceptional Financial Performance
Inox Wind announced record-breaking results for Q2 FY’26. Key highlights include:
- Revenue: ₹1,162 crore, up 56% YOY
- EBITDA: ₹271 crore, up 48% YOY
- PAT: ₹121 crore, up 43% YOY
- Cash Profit: ₹220 crore, up 66% YOY
The company executed 202 megawatt in the quarter, bringing the total execution for the first half of FY’26 to around 350 megawatt.
Order Book and Future Outlook
Inox Wind has a large and diversified order book, standing at over 3.2 gigawatt. The company is also discussing framework agreements and partnerships with multiple customers, including the group IPP, to provide long-term recurring annual orders, securing upward of 1 gigawatt annually.
Inox Green’s Performance
Subsidiary Inox Green also reported its best-ever financial performance with total income of ₹129.5 crores, up 101% year-on-year, and EBITDA of ₹52.2 crores, up 52% year-on-year. Inox Green’s portfolio stands at 12.5 gigawatts, including investments to acquire operational wind assets.
Strategic Initiatives and Growth Plans
Inox Wind is strategically pivoting to enter long-term framework agreements with multiple IPPs, leading to large recurring annual order visibility. The company is expanding manufacturing presence in South India with a new blade and tower facility.
Source: BSE