Inox Wind Q1 net profit surges more than 10 times to ₹106 crore; check performance

Its revenue from operations rose 29% YoY to ₹826 crore during the quarter under review, as against ₹640 crore in the June quarter of FY25, the firm said in a regulatory filing.

At an operational level, the company’s EBITDA (earnings before interest, tax, depreciation, and amortization), also known as operating profit, increased by 36.03% YoY to ₹184 crore in Q1FY26, compared to ₹135 crore in the first quarter of FY25.

Its EBITDA margin expanded to 22.28% during the quarter, in contrast to 21.09% in Q1FY25.

Commenting on the earnings, Sanjeev Agarwal, CEO of Inox Wind, said: “We have commenced FY26 on a strong note and are well on our way to achieve our targets. We are continuously adding new customers to our well-diversified order book. I believe that with the robust outlook for the wind industry in India, supported by ALMM for wind components, domestic wind OEMs and service providers will continue to witness strong demand growth going ahead.”

The company’s order execution in Q1 surged to 146 megawatts (MW), with the order book at approximately 3.1 gigawatts (GW). It added an equipment supply order from First Energy to its order book, comprising PSU, IPP & C&I customers.

Furthermore, Inox Wind operationalised its new nacelle plant near Ahmedabad, Gujarat, a transformer manufacturing unit in Rajasthan, and deployed its own cranes across multiple sites, the filing stated.

“Inox Wind continues to be the flagbearer of our renewables business vertical’s growth, delivering yet another stellar quarter. At Inox Wind, backed by our strong customer relationships, technologically advanced products & services, buoyed by favourable policies for domestic manufacturers, we continue to capitalize on the massive opportunities in the Indian Wind sector, and are additionally building on the synergies across our Group companies in the renewable project development and services space,” said Kailash Tarachandani, Group CEO, Renewable Business, INOXGFL Group.

Inox Wind shares ended 0.69% lower at ₹137 ahead of its earnings announcement.