Inox Wind Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Electrical Equipment | Market Cap: ₹12.7K Cr
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.
Price
₹73.7
Market Cap
₹12.7K Cr
P/E Ratio
36.9
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Compare Inox Wind Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Inox Wind Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹127 Cr.
Full financials →📊 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.
- →Focus on profitability over mere volumes; profitability has outperformed guidance historically.
- →Multi-gigawatt MoUs and LoIs in pipeline expected to convert to firm orders soon.
📈 Profitability & Margins
🏗️ 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.
- →Rapidly expanding solar and wind O&M portfolio organically and inorganically; made investments in an entity owning ~2 GW of O&M assets.
- →Planning new factory setup in south India to improve execution capacity and market reach.
💰 Fundraising & Capital Structure
- →No specific details on any new fundraising through debt or equity were mentioned in the excerpts.
- →The company recently completed a successful rights issue that was oversubscribed 2.13 times.
- →Promoters fully subscribed their entitlement of around INR 560 crores, indicating strong promoter confidence.
- →Post-merger of IWEL and IWL, the entire NCRPS on the balance sheet has been eliminated.
- →Management did not provide guidance or mention any plans for additional fundraising either through debt or equity during the call.
- →Focus appears to be on executing existing orders and expanding operations organically and inorganically, rather than raising new capital at this time.
📋 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.
- →The company anticipates converting a substantial portion of their multi-gigawatt order pipeline into firm orders in the coming months.
- →Inox Wind expects order inflows strong enough to maintain a minimum base order book of 3 gigawatts for future years.
Key Metrics
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.