Indowind Energy Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 18 Jul 2026 | Power | Market Cap: ₹147 Cr

Future growth expectations for Indowind Energy Limited include: - Expansion through a 4-megawatt solar project in Karnataka, expected to add sizable revenue. Indowind expects steady and sustainable growth supported by a favorable renewable energy environment and long-term demand for clean power.

From Indowind Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹9.17

Market Cap

₹147 Cr

How does Indowind Energy Ltd rank in Power?

Compare Indowind Energy Ltd against every Power company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3

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Indowind Energy Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹5 Cr, net profit ₹-8 Cr.

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📊 Revenue & Sales Performance

Rank 3

Future growth expectations for Indowind Energy Limited include: - Expansion through a 4-megawatt solar project in Karnataka, expected to add sizable revenue. - Pursuing inorganic growth via acquisitions of operating renewable assets, like a 20% stake in EverOn Power with 19 MW capacity. - Plans to develop a larger 100-megawatt solar park, subject to regulatory approvals. - Leveraging internal accruals and rights issue proceeds to fund growth projects. - Diversifying revenue streams by setting up subsidiaries for solar projects, O&M services, and power trading. - Focus on maintaining and optimizing existing wind assets to ensure steady operational output. - Exploring value-add activities such as battery storage, solar hybrid projects, and assured power supply for commercial clients. - Targeting EPS growth above 1, improving profitability, and shareholder value over FY’26 and beyond.

📈 Profitability & Margins

Rank 3

→Indowind expects steady and sustainable growth supported by a favorable renewable energy environment and long-term demand for clean power.
→Focus remains on disciplined execution, prudent capital allocation, and long-term value creation.
→Expansion projects including a 4 MW solar project and acquisitions like a 20% stake in EverOn Power will enhance revenues and profits.
→Plans for a 100 MW solar park and inorganic acquisitions of operating assets are underway to boost profitability.
→Operational improvements like efficient asset maintenance and O&M strategies contribute to stable and improving earnings.
→EPS targeted to cross beyond 1 from current 0.5-0.6, with growth driven by organic and inorganic expansions.
→Addition of solar generation and trading options with battery storage aim to reduce seasonality and improve earnings consistency.

See what Indowind Energy Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

Yes

- Completion of 4 MW solar expansion project, funded by internal accruals and rights issue proceeds. - Acquisition of a 20% stake in EverOn Power (19 MW operating renewable assets) planned in Q1, funded through internal accruals. - Investment up to INR 10 lakhs in Nova Power Private Limited to make it a subsidiary for implementing the 4 MW solar project. - Incorporation of a new subsidiary for O&M services, investing up to INR 10 lakhs. - Exploring inorganic acquisitions of operating assets to grow profitability and EPS. - Planning a large-scale solar park (~100 MW) subject to regulatory and other approvals. - Allocating approx. INR 5 crore capex every two years for repowering/refurbishment to extend the life of wind turbines. - Evaluating battery storage and power trading options for future growth. These investments reflect a balanced organic and inorganic growth strategy to strengthen operations and improve returns.

💰 Fundraising & Capital Structure

Yes

→The company has received approval for an overseas fundraiser of up to USD 70 million through a bond issue, including exchanging some current pending resolution bonds.
→There is an approved increase in borrowing limit to INR 1,500 crores to provide additional financial headroom for growth.
→A recent rights issue was successfully completed, raising INR 49.42 crores, which has strengthened the balance sheet and enhanced financial flexibility.
→Capital raised from the rights issue is planned to be deployed for ongoing projects and subsidiaries, including a 4-megawatt solar project and investments in operational assets.
→The company expresses a disciplined and measured approach to fundraising to support its next phase of growth.

See what Indowind Energy Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

No information

The transcript and document provided do not explicitly mention the current or expected order book or pending orders for Indowind Energy Limited. However, some related insights include: - Indowind has received approval for a 4-megawatt solar project in Karnataka. - The company is working on acquisitions, including a 20% stake in EverOn Power with about 19 MW of operating renewable assets. - Post rights issue proceeds of INR49.42 crores, the company plans investments in subsidiaries and expansion projects. - Plans include development of a 100-megawatt solar park, subject to certain initial steps. - There is ongoing evaluation of new O&M service subsidiaries and possible solar hybrid projects on existing land banks. - The company is targeting inorganic acquisitions of operating assets to grow profitability and EPS. No direct mention of an order book or contract backlog was provided in the transcript.

Key Metrics

2 of 5 growth signals positive in the Q3 FY26 call.

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

Yes

Order Book

No information

How does Indowind Energy Ltd rank vs peers in Power?

Pro feature

1Indowind Energy Ltd

Rev 3Mar 3

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What INDOWIND's management said in earlier quarters

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Frequently Asked Questions

What were Indowind Energy Ltd Q3 FY26 results?

What is Indowind Energy Ltd share price analysis?

Indowind Energy Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹147 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indowind Energy Ltd planning capital expenditure?

Completion of 4 MW solar expansion project, funded by internal accruals and rights issue proceeds. - Acquisition of a 20% stake in EverOn Power (19 MW operating renewable assets) planned in Q1, funded through internal accruals. - Investment up to INR 10 lakhs in Nova Power Private Limited to make it a subsidiary for implementing the 4 MW solar project. - Incorporation of a new subsidiary for O&M services, investing up to INR 10 lakhs. - Exploring inorganic acquisitions of operating assets to grow profitability and EPS. - Planning a large-scale solar park (~100 MW) subject to regulatory and other approvals. - Allocating approx.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

How does Indowind Energy Ltd rank in Power?

Indowind Energy Ltd — Quarterly revenue & net profit

📊 Revenue & Sales Performance

🏗️ Capital Expenditure Plans

📋 Order Book & Pipeline

Key Metrics

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What INDOWIND's management said in earlier quarters

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