Inox Green
Inox Green Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: fundraise.
The short version
The company expects a 75% growth in revenue for the full year, maintaining this guidance firmly. Company targets 75% revenue growth over the previous year, with a 20-22% EBITDA margin on a consolidated basis for the full year.
From Inox Green's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- The company expects a 75% growth in revenue for the full year, maintaining this guidance firmly.
- The business is H2-heavy, with 70-75% of revenue typically realized in the second half of the year.
- Equipment supply pivot will start showing significant revenue and margin contributions from Q3 onwards.
- Equipment supply offers flexibility to sell turbines to multiple clients, reducing dependency on site readiness, supporting revenue growth.
- The backlog includes 4.5 GW of orders, covering about 3 years of equipment supply, including repeat orders from marquee clients like INOX Clean and NLC India.
- Full recovery of deferred revenue (INR 400-600 crores) expected over the current financial year, supporting revenue recognition.
- Manufacturing expansion (transformers, cranes, power electronics) planned to outpace any slowdown in EPC business volumes.
Profitability & Margins
See what Inox Green said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- INOX Wind is enhancing manufacturing capabilities under IRSL, including transformers up to 100 MVA and beyond, serving both captive and external demand.
- Expansion plans include growing their crane business with addition of new cranes.
- Plans to develop high-value, technology-driven, and high-margin power electronic products such as inverters, unit substations, and capacitor systems.
- Emphasis on indigenization: aiming for almost 100% indigenization of wind turbine components by end of the calendar year, aligning with ALMM benefits.
- These strategic investments aim to offset any volume reductions due to shrinking EPC business and pivot towards equipment supply.
- Capex to support these expansions is implied but specific figures and timelines are not disclosed.
- Listing of RESCO is underway with further plans to be announced post-listing.
Top-ranked in Commercial Services & Supplies
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Inox Green said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of July 2026, INOX Wind's order book stands at approximately 4.4 gigawatts.
- Share of equipment supply in the order book is around 59%, with turnkey orders making up the remaining 41% (excluding orders from INOX GFL Group entities).
- INOX Wind has signed an MOU for 1.5 gigawatts with INOX Clean Energy (June 2026), with firm orders for 500 MW already signed; the remaining 1 GW is expected to be signed soon.
- Received a Letter of Award (LOA) for 200 MW from NLC India in July 2026 (a repeat order).
- The backlog includes marquee customers and repeat orders, signaling confidence in delivery and future business.
- The company has shifted focus towards equipment supply to improve execution flexibility and financial robustness.
Inox Green — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹82 Cr, net profit ₹25 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Inox Green Energy Services Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Inox Green Q1 FY27 results?
The company expects a 75% growth in revenue for the full year, maintaining this guidance firmly. Company targets 75% revenue growth over the previous year, with a 20-22% EBITDA margin on a consolidated basis for the full year.
What is Inox Green share price analysis?
Inox Green currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 58.4 with a market cap of ₹7,160 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox Green planning capital expenditure?
INOX Wind is enhancing manufacturing capabilities under IRSL, including transformers up to 100 MVA and beyond, serving both captive and external demand.
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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.