Established in: 2009
Managing director: Devansh Jain
Inox Wind Limited is a wind energy solutions provider in India, catering to utilities, PSUs, corporates, and retail. It manufactures and installs wind turbine generators and offers wind power solutions, including project development and maintenance services.
It has 4 manufacturing facilities across Gujarat, Himachal Pradesh and Madhya Pradesh. It has a combined manufacturing capacity of 2.4 GW, making it a leading player in the wind energy sector.
History of Inox Wind Limited
Inox Wind Limited was established in 2009 and is a part of the Inox Group. The company entered the renewable energy sector with a focus on manufacturing wind turbine generators.
Over the years, Inox Wind set up integrated manufacturing facilities in Gujarat, Himachal Pradesh and Madhya Pradesh to increase its production capabilities.
On March 18, 2015, Inox Wind Limited launched its IPO with an issue size of ₹1,020.53 crores. The IPO subscribed 18.57 times, and the shares were listed at 23% premium over their issue price of ₹325.
For the last few years, the company has been facing industry-wide challenges such as policy shifts and liquidity issues. Despite that, it continued to expand its order book and improve operational efficiency, aligning itself with India’s renewable energy targets.
Business Segment of Inox Wind Limited
The business of Inox Wind is divided into four segments:
-
Wind Turbine Generator: The company designs and manufactures wind turbine generators of 2 MW and 3 MW capacities, with its 3 MW class turbines capable of being boosted to 3.3 MW.
-
Project Development and EPC Services: The company offers complete solutions from site identification and land acquisition to infrastructure development and turbine installation. It works on a turnkey EPC model.
-
Operations and Maintenance Services: After installation, Inox Wind provides long-term OEM services. This ensures stable turbine performance and generates steady income for the company.
-
Wind Farm Infrastructure Development: Inox Wind also develops infrastructure, such as substations and evacuation facilities, making projects grid-ready for clients.
Subsidiaries of Inox Wind Limited
Inox Wind has several subsidiaries focused on wind farm development and operations. The key subsidiaries are:
- Inox Green Energy Services Limited
- Junachay Wind Energy Private Limited
- Dharvi Kalan Wind Energy Private Limited
- Dangri Wind Energy Private Limited
- Kadodiya Wind Energy Private Limited
Inox Wind Limited Financial Performance (FY25 vs FY24)
Revenue: Inox Wind Limited reported consolidated revenue of ₹3,701.55 crore in FY25 vs ₹1,808.02 crore in FY24. It showed an increase of 104.72% on a yearly basis, reflecting robust growth.
Operating Profit: The company reported an operating profit of ₹536.81 crore in FY25 vs ₹-42.71 crore in FY24. The operating profit turned positive, which indicates signs of improvement.
Net Profit: Inox Wind Limited reported a net profit of ₹437.62 crore in FY25 compared to ₹-48.16 crore in FY24. It shows signs of improvement in profitability.
Inox Wind Financial Highlights
- Revenue: Inox Wind reported revenue of ₹4,568.96 crore in FY26 vs ₹3,701.55 crore in FY25. It showed an increase of 23.43% on a yearly basis.
- Operating Profit: Inox Wind reported an operating profit of ₹659.11 crore in FY26 vs ₹536.81 crore in FY25. It showed an increase of 22.78% on a year-on-year basis.
- Net Profit: Inox Wind reported a net profit of ₹449.09 crore in FY26 vs ₹437.62 crore in FY25. It showed an increase of 2.62% on a yearly basis.
Inox Wind Quarterly Result Highlights
- Inox Wind reported revenue of ₹1,377.75 crore in Sep 2026, compared with ₹871.70 crore in Jun 2026, representing an increase of 58.05% on a quarter-on-quarter (QoQ) basis.
- Inox Wind reported an operating profit of ₹102.67 crore in Sep 2026, compared with ₹94.70 crore in Jun 2026, representing an increase of 8.42% on a quarter-on-quarter (QoQ) basis.
- Inox Wind reported a profit of ₹68.55 crore in Sep 2026, compared with ₹64.09 crore in Jun 2026, reflecting an increase of 6.96% on a QoQ basis.
- The earnings per share (EPS) of Inox Wind stood at ₹2.65 during Sep 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
