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Inox Wind Ltd

Q1 FY27Electrical Equipment

Inox Wind Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹68
Market cap₹11.7K Cr
P/E33.9
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

INOX Wind expects a 75% annual growth in revenue compared to the previous year, primarily driven by a strategic pivot from turnkey EPC projects to equipment supply business. The company maintains a strong guidance with a targeted 75% growth in revenue over the previous year.

From Inox Wind Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth
  • INOX Wind expects a 75% annual growth in revenue compared to the previous year, primarily driven by a strategic pivot from turnkey EPC projects to equipment supply business.
  • The growth is expected to be H2-heavy, with 70-75% of business captured in the second half of the fiscal year.
  • Equipment supply orders, including about 1.5 GW from INOX Clean and 4.4 GW backlog mainly from equipment supply, support this confidence.
  • Incremental revenues and margins from equipment supply are expected to start reflecting toward the end of Q2 and predominantly in Q3 and Q4.
  • The shift to equipment supply allows more flexibility in client targeting and faster revenue recognition, mitigating EPC-related delays.

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

Capex planned
  • Expansion of manufacturing capabilities under IRSL, including transformers up to 100 MVA and beyond, serving both captive solar/wind needs and broader markets.
  • Growing crane business with current and upcoming new cranes delivering good returns.
  • Development of high-value, technology-driven, high-margin power electronic products such as inverters, unit substations, and capacitor systems planned within the year.

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

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 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

Order book rising
  • As of July 2026, INOX Wind's total order book stands at approximately 4.4 gigawatts.
  • The order book comprises about 59% equipment supply and 41% turnkey orders (excluding group entity orders).
  • INOX Wind signed an MOU with INOX Clean Energy for 1.5 gigawatts in June 2026; firm orders for 500 MW received so far, with the remaining 1 GW to be finalized in due course.
  • Received a 200 MW LOA from NLC India in July 2026 (repeat order via tender).
  • The company has a robust pipeline with marquee repeat customers and expects equipment supply orders to grow, covering the next 3 years.

2 more points from Inox Wind Ltd's call on order book

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Inox Wind Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹1.2K Cr, net profit ₹127 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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    Q1 FY 27 Revenue: ₹7,165 lakhs, up from ₹6,041 lakhs in Q1 FY 26, representing an 18% year-on-year increase. Key investor presentation takeaways from S & S Powe

  • Artemis Electri. (Q1 FY27)

    Quarterly Revenue from Operations (Q1 FY2027): ₹1,975.47 Lakhs . Key investor presentation takeaways from Artemis Electricals & Projects's Q1 FY27 investor pres

  • RMC Switchgears (Q1 FY27)

    Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44). Key investor presentation takeaways f

  • KP Green Engg. (Q1 FY27)

    KPI Green Energy Q1 FY27: 27.9 Cr. Key investor presentation takeaways from KP Green Engineering Ltd's Q1 FY27 investor presentation — and how it ranks against

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Frequently Asked Questions

What were Inox Wind Ltd Q1 FY27 results?

INOX Wind expects a 75% annual growth in revenue compared to the previous year, primarily driven by a strategic pivot from turnkey EPC projects to equipment supply business. The company maintains a strong guidance with a targeted 75% growth in revenue over the previous year.

What is Inox Wind Ltd share price analysis?

Inox Wind Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 33.9 with a market cap of ₹11,683 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inox Wind Ltd planning capital expenditure?

Expansion of manufacturing capabilities under IRSL, including transformers up to 100 MVA and beyond, serving both captive solar/wind needs and broader markets.

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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.