IW

Inox Wind Ltd

Q1 FY26Electrical Equipment

Inox Wind Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹74
Market cap₹12.7K Cr
P/E36.9
Updated26 Aug 2026
Read4 min read

The short version

FY '26 execution guidance of 1,200 MW, confident of achieving this target. INOX Wind targets execution of 1,200 MW in FY '26, indicating strong volume growth.

From Inox Wind Ltd's Q1 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • FY '26 execution guidance of 1,200 MW, confident of achieving this target.
  • Expecting a ramp-up in execution from Q3 onwards, with H1 typically 30-35% of annual execution.
  • Order book stands at 3.1-3.2 GW, covering about two years of orders; capacity to execute at 2.5 GW currently.
  • Plans to expand manufacturing capacity, including a new blade plant in South India and nacelles factory in Ahmedabad fully operational.
  • Anticipate overall wind capacity additions of 5-6 GW in the financial year, growing to 7-8 GW and potentially up to 10 GW in the near future.
  • INOX Wind expects to scale execution to about 2 GW in the next year.

2 more points from Inox Wind Ltd's call on revenue

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Profitability & Margins

See what Inox Wind Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Operationalized new 1200 MW nacelle and hub manufacturing unit near Ahmedabad, Gujarat.
  • Deployed first set of cranes at project sites.
  • Commenced transformer manufacturing facility under Inox Renewable Solutions.
  • Expanding blade manufacturing capacity with a new facility being set up in southern India (Karnataka, Tamil Nadu, Andhra Pradesh).
  • Raised INR 175 crores at Inox Renewable Solutions at a valuation of approx. INR 7,400 crores.
  • Filed scheme for demerger of substation business from Inox Green and its merger into Inox Renewable Solutions; approval expected in 2-3 quarters, which will remove ~INR 1,000 crore gross block from balance sheet and reduce depreciation by INR 50-55 crores annually.

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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

Order Book & Pipeline

  • Current order book stands at approximately 3.1 to 3.2 gigawatts, covering roughly two years of orders.
  • The company maintains a healthy and well-diversified order book with marquee clients and a mix of turnkey and equipment supply contracts.
  • Management expects a strong upcoming bid pipeline, with 12 to 15 gigawatts of PPAs signed between April and July 2025, and 25 to 30 gigawatts of pending PPAs awaiting financial closure.
  • Around 10 gigawatts of hybrid, wind, and solar projects are expected to proceed to contract award over the next quarter.

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Inox Wind Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹127 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Inox Wind Ltd Q1 FY26 results?

FY '26 execution guidance of 1,200 MW, confident of achieving this target. INOX Wind targets execution of 1,200 MW in FY '26, indicating strong volume growth.

What is Inox Wind Ltd share price analysis?

Inox Wind Ltd currently shows a neutral. The stock trades at a P/E of 36.9 with a market cap of ₹12,720 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inox Wind Ltd planning capital expenditure?

Operationalized new 1200 MW nacelle and hub manufacturing unit near Ahmedabad, Gujarat. - Deployed first set of cranes at project sites. - Commenced transformer manufacturing facility under Inox Renewable Solutions. - Expanding blade manufacturing capacity with a new facility being set up in southern India (Karnataka, Tamil Nadu, Andhra Pradesh). - Raised INR 175 crores at Inox Renewable Solutions at a valuation of approx.

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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.