ALFA Finder India's fastest NSE & BSE filing alerts on Telegram, filtered to the stocks you hold Telegram alerts alfafinder.com →
Thursday, 12 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

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.

Why this was an Alfa AlertManagement guides 75% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 75.0% FY27
Highlights
Revenue growthFlat YoY this quarter; 75% growth guided for full year FY27.
MarginsEBITDA margins rising (27% consolidated) due to lower EPC mix.
Order bookMassive 4.4 GW backlog provides 24-36 months of execution visibility.
Demand visibilityStrong; 10-15 GW annual market capacity additions expected in India.
Management confidenceHighly confident, emphasizing strategic pivot to equipment supply and group synergies.

Growth

Revenue of 872 Cr was flat YoY; however, EBITDA margins improved to 27% (Consolidated).

Outlook

Management guides for 75% Revenue growth in FY27 with 20-22% EBITDA margins.

Risks

Historical execution slippages and high trade receivables from legacy projects remain primary concerns.

Last quarter's promises, checked

Delivered

  • Guided 3+ GW order book → delivered 3.1 GW (= BEAT)
  • Guided IRSL demerger approval → delivered NCLT approved (= BEAT)
  • Guided 50% O&M EBITDA margin → delivered 50% (= BEAT)

Partly delivered

  • Guided 200 working capital days → delivered slippage due to ECS delays (= PARTIAL)
  • Guided 4.4MW turbine launch → prototype on-track for calendar year (= PARTIAL)

Missed

  • Guided INR 5,000 Cr revenue → delivered INR 4,600 Cr (= MISS)
  • Guided flat YoY revenue → delivered INR 1,306 Cr flat YoY (= BEAT)
Source

Earnings Call Transcript filed with BSE, NSE: INOXWIND. Summary written with AI assistance from the document.

Read the document ↗

Inox Wind Ltd: key numbers

Share price
₹65.88
Market cap
₹11,386 Cr
Revenue (annual)
₹4,398 Cr
Net profit (annual)
₹405.0 Cr
P/E (TTM)
33.1×Sector 51.9×
Promoter holding
44.18%+0.00% QoQ
FII holding
12.17%Current quarter

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

More from Inox Wind Ltd

All →