Inox Wind Limited (IWL) announced its strongest ever second quarter, with revenue up 56% YoY to Rs 1,162 cr and EBITDA up 48% YoY to Rs 271 cr. The company’s order book stands at over 3.2 GW, providing revenue visibility for the next 18-24 months. Inox Green’s O&M portfolio expands to approximately 12.5 GW.
Exceptional Q2 Financial Results
Inox Wind Limited (IWL) has announced its financial results for the quarter ended September 30, 2025, showcasing its best ever second-quarter performance. Key highlights include:
- Revenue increased by 56% YoY, reaching Rs 1,162 crores.
- EBITDA grew by 48% YoY to Rs 271 crores.
- Profit Before Tax (PBT) surged by 93% YoY to Rs 169 cr.
- Profit After Tax (PAT) increased by 43% YoY to Rs 121 cr.
- Cash PAT saw a significant rise of 66% YoY, reaching Rs 220 crores.
Operational Highlights and Order Book
During the quarter, IWL executed 202 MW of projects. The company’s order book stands at over 3.2 GW, providing revenue visibility for the next 18-24 months. Notably, IWL secured approximately 400 MW of orders from both new and existing customers.
Strategic Initiatives
IWL is strategically focusing on recurring long-term orders via partnerships, targeting over 1 GW+ annually. The scheme of demerger of the substation business from Inox Green and subsequent merger into Inox Renewable Solutions has been approved by shareholders and creditors.
Expansion and Manufacturing
IWL’s new manufacturing plant at Kalyangarh, Ahmedabad, Gujarat, is scaling up operations. This facility produces nacelles and hubs for IWL’s 3.3 MW WTGs and is prepared for the upcoming 4X MW turbines. The transformer facility in Rajasthan is operating at a high utilization rate. Additionally, Inox Wind is establishing a new blade & tower manufacturing unit in Karnataka, its first unit in South India, with operations expected to begin in 2026.
Inox Green Expansion
Inox Green has expanded its O&M portfolio to approximately 12.5 GW, including investments to acquire multi-gigawatt wind portfolios. The company is on track to become India’s largest renewable O&M company.
Source: BSE