Inox Wind reported mixed Q3FY26 results, with net profit remaining flat at ₹117 crore compared to the same period last year. However, the company demonstrated strong operational performance with revenue growing 32.5% to ₹1,207 crore from ₹911 crore in Q3FY25. According to CNBC TV18, this revenue growth was driven by strong order execution capabilities and successful project delivery during the quarter.
The company's EBITDA increased 38.2% to ₹281.2 crore versus ₹203.5 crore in the year-ago period, demonstrating improved operational efficiency. The EBITDA margin stood at 23.3%, up from 22.3% in Q3FY25, indicating enhanced profitability across business operations. As reported by CNBC TV18, this margin expansion reflects the company's focus on operational excellence and cost management initiatives.
Inox Wind secured multiple orders totalling around 600 MW during FY26 from customers including Aditya Birla, Amplus Energy/Gentari, Jakson, First Energy and Leap Green. The company executed 252 MW during the quarter and currently holds a well-diversified order book of approximately 3.2 GW, providing substantial revenue visibility over the next 18-24 months. According to CNBC TV18, the order book includes orders from NTPC, CESC, NLC India, Hero Future Energies, Inox Clean Energy and Continuum, among others.
The company is partnering with KP Energy to develop 2.5 GW of wind projects across India, significantly expanding its project pipeline. During FY26, Inox Wind added orders from clients including Aditya Birla, First Energy, Amplus/Gentari, and Jakson, strengthening its project pipeline. The company's well-diversified order book provides substantial revenue visibility over the next 18-24 months, positioning it well for future growth in the renewable energy sector.
Shares of Inox Wind ended at ₹106.40, down by ₹2.90, or 2.65% on the BSE following the results announcement. The company also announced that the scheme for the demerger of its substation business from Inox Green and the subsequent merger into Inox Renewable Solutions is in the final stages of hearing at the Hon'ble NCLT Ahmedabad. This demerger represents a significant corporate restructuring initiative for the renewable energy company.
