Inox Green
Inox Green Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Inox Wind currently has around 3.2 GW of confirmed orders, providing visibility for the next 1.5 to 2 years. Inox Wind expects consolidated revenue to grow around 75% in FY '27 over FY '26, with EBITDA margins improving to 20%-22% from the earlier 18%-19%.
From Inox Green's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Inox Wind currently has around 3.2 GW of confirmed orders, providing visibility for the next 1.5 to 2 years.
- A large pipeline of orders is in advanced stages, with new tenders and internal discussions ongoing.
- Management expects continuous order inflows and execution to remain ahead of booking on a quarterly basis.
- FY '27 revenue is expected to grow by approximately 75%, moving from megawatt-based guidance to revenue-based guidance for better clarity.
- The company aims to achieve and surpass a 2 GW annual execution run rate post-FY '27, though exact timelines are uncertain.
- Long-term sector outlook remains very positive with India targeting 122 GW installed wind capacity by FY '32, up from 55 GW currently.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Inox Green said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- CAPEX guidance for FY '27 is around INR 200 crores.
- CAPEX incurred in 9 months of FY '26 is around INR 150 crores, with the full year target also around INR 200 crores.
- Management refrains from giving CAPEX guidance for FY '28 at this time.
- Strategic ramp-up of Inox Green (O&M services) is planned to grow manifold over the next 2 years.
2 more points management made on capital expenditure plans
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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
- Current orderbook for Inox Wind Limited stands at approximately 3.2 gigawatts, providing visibility and certainty for the next 1.5 to 2 years.
- Many additional orders are in advanced stages, with multiple tenders under internal discussion.
- The company expects to announce new orders before the end of the current quarter.
- Order booking is not a problem; the focus is on successful execution and delivery.
- The internal pipeline, including orders added by group company Inox Green, supports continued growth.
2 more points management made on order book & pipeline
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.
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What Inox Green's management said in earlier quarters
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Frequently Asked Questions
What were Inox Green Q3 FY26 results?
Inox Wind currently has around 3.2 GW of confirmed orders, providing visibility for the next 1.5 to 2 years. Inox Wind expects consolidated revenue to grow around 75% in FY '27 over FY '26, with EBITDA margins improving to 20%-22% from the earlier 18%-19%.
What is Inox Green share price analysis?
Inox Green currently shows a neutral. 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?
CAPEX guidance for FY '27 is around INR 200 crores.
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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.