Inox Green Energy Services Ltd
Inox Green Energy Services Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Inox Wind targets 1.2 GW execution for FY'26, with execution expected to ramp up in H2 contributing 70% of the annual volume. Inox Wind and Inox Green are confident in meeting and potentially exceeding their FY'26 execution target of 1.2 GW, supporting revenue growth.
From Inox Green Energy Services Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Inox Wind targets 1.2 GW execution for FY'26, with execution expected to ramp up in H2 contributing 70% of the annual volume.
- Order book stands robust at over 3.2 GW, with a strong tender pipeline exceeding 3 GW.
- Management is working on multiple framework agreements to secure recurring orders of at least 1 GW annually.
- Industry outlook is positive with anticipated growth driven by hybrid RTC FDRE tenders, enhancing wind component bids.
- Inox Green has already built a 12.5 GW O&M portfolio with plans to exceed the 17 GW target within two years.
- Group IPPs and third parties are expected to contribute additional order inflows of 500-700 MW and about 500 MW, respectively, annually.
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Profitability & Margins
See what Inox Green Energy Services Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- For FY'26, Inox Wind's CAPEX guidance is around Rs. 200 crores.
- The company is building new customer relationships and working on signing framework agreements with multiple parties to secure long-term recurring orders of at least 1 gigawatt annually.
- Investments in new and expanded manufacturing facilities have been made, such as the new nacelle manufacturing facility in Kalyanghar, which has gone live and aided the ramp-up in production capacity.
- The group companies of Inox are also active in related sectors like battery energy storage systems through other group entities (e.g., Inox Clean), though Inox Wind itself does not plan to enter battery manufacturing.
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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 Energy Services Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current diversified order book stands at over 3.2 gigawatts (Page 3).
- Management is working on framework agreements with multiple partners to secure long-term recurring annual orders, targeting at least 1 gigawatt per year (Page 7).
- Present tender pipeline exceeds 3 gigawatts, including EPC, semi-turnkey, and equipment supply tenders (Page 11).
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Inox Green Energy Services Ltd — 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.
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What Inox Green Energy Services Ltd's management said in earlier quarters
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
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Frequently Asked Questions
What were Inox Green Energy Services Ltd Q2 FY26 results?
Inox Wind targets 1.2 GW execution for FY'26, with execution expected to ramp up in H2 contributing 70% of the annual volume. Inox Wind and Inox Green are confident in meeting and potentially exceeding their FY'26 execution target of 1.2 GW, supporting revenue growth.
What is Inox Green Energy Services Ltd share price analysis?
Inox Green Energy Services Ltd currently shows a neutral. The stock trades at a P/E of 40.6 with a market cap of ₹4,973 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox Green Energy Services Ltd planning capital expenditure?
For FY'26, Inox Wind's CAPEX guidance is around Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.