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Earnings Call

Inox Wind Earnings Call: Key Takeaways

Inox Wind reported Q4 FY26 revenue of ₹1,306cr (flat YoY) and PAT of ₹106cr. Management is pivoting from turnkey projects to equipment supply (75-80% of order book) to improve working capital.

Why this was an Alfa AlertManagement explicitly guided 75% YoY revenue growth for FY27, reaching ~₹7,500cr, which exceeds the >50% growth threshold.
Highlights
Revenue growthFY27 guided at 75% YoY growth to ~₹7,500cr.
MarginsEBITDA margins targeted at 20%+; O&M at 50%.
Order book3.1 GW; 50% equipment supply, pivoting to 75% target.
Demand visibilityStrong visibility for 24+ months with 3.1 GW order book.
Management confidenceHigh; citing conservative guidance and structural shift to equipment supply.

Growth

Q4 FY26: Revenue ₹1,306cr, EBITDA ₹333cr, PAT ₹106cr. Achieved ₹4,600cr revenue for FY26.

Outlook

FY27 revenue guidance of ~₹7,500cr (75% YoY growth). Target 8-10 GW annual wind capacity addition in India.

Risks

Geopolitical tensions causing supply chain disruptions in electronic components (ECS) and logistics delays; historical payment delays in PSU contracts.

Source

Earnings Call filed with BSE, BSE: 539083. Summary written with AI assistance from the document.

Read the document ↗

Inox Wind Ltd: key numbers

Share price
₹74.75
Market cap
₹12,919 Cr
Revenue (annual)
₹4,397 Cr
Net profit (annual)
₹405.0 Cr
P/E (TTM)
37.5×Sector 53.6×
Promoter holding
44.18%+0.00% QoQ
FII holding
14.53%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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20:46 IST BSE
Annual General Meeting

Inox Wind Annual General Meeting

Inox Wind Limited held its 17th Annual General Meeting on September 25, 2026. The meeting covered routine business and various special resolutions as per the notice.

22:01 IST NSE
Business Update

Inox Wind Business Update

Inox Wind clarifies that the previously announced 100 MW order was received from Terra Clean Limited, a wholly-owned subsidiary of Indian Oil Corporation Limited.

turnkey order
100.0 MW
22:20 IST BSE
Annual Report

Inox Wind Annual Report

Inox Wind Ltd has filed its Annual Report for the financial year 2025-26, along with the notice for its 17th Annual General Meeting.

22:10 IST BSE
Annual General Meeting

Inox Wind Annual General Meeting

Inox Wind Limited has scheduled its 17th Annual General Meeting on 25th September, 2026, via video conferencing to transact its ordinary and special business.

07:41 IST BSE
New Order Win

Inox Wind Bags ₹755 Cr Order from Indian Oil Corporation Limited

Inox Wind secured a 100 MW turnkey wind energy project order from Indian Oil Corporation. The contract is valued at approximately ₹755 Crore.

Value
₹755.0 Cr
From
Indian Oil Corporation Limited
wind energy capacity
100.0 MW
20:28 IST BSE
Earnings Call

Inox Wind Earnings Call Transcript: Key Takeaways

Inox Wind is pivoting from turn-key projects to equipment supply to improve working capital, reporting a 4.4 GW order backlog and maintaining 75% revenue growth guidance despite flat YoY quarterly revenue.

Call
Guides 75% growth