IW

Inox Wind Ltd

Q2 FY26Electrical Equipment

Inox Wind Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

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

The short version

Inox Wind targets full-year execution of 1.2 gigawatts for FY'26, with H2 expected to contribute about 70% of this volume. Inox Wind and Inox Green are confident in achieving their full-year execution target of 1.2 GW for FY26, with strong order book visibility exceeding 3.2 GW.

From Inox Wind Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Inox Wind targets full-year execution of 1.2 gigawatts for FY'26, with H2 expected to contribute about 70% of this volume.
  • There is a robust tender pipeline exceeding 3 gigawatts, consisting of EPC, semi-turnkey, and equipment supply projects, underpinning confidence in order inflows.
  • Management is negotiating multiple framework agreements expected to provide long-term recurring order visibility of at least 1 gigawatt annually from FY'26 onwards.
  • The company anticipates potential upward revision of guidance depending on these framework agreements and market dynamics.

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Profitability & Margins

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

Capital Expenditure Plans

  • For FY'26, Inox Wind has guided a CAPEX of around Rs. 200 crore.
  • The company is focused on ramping up new manufacturing facilities such as the nacelle manufacturing facility in Kalyanghar, which has recently gone live.
  • Investments are being made in transformer manufacturing and deployment of cranes across sites to support execution ramp-up in H2FY26.
  • Inox Green is actively acquiring O&M portfolios, including potential takeovers from existing players and aggregators outsourcing O&M to large players like Inox Green, indicating strategic investments in asset portfolios.

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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

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Order Book & Pipeline

  • Inox Wind currently holds a large and diversified order book of over 3.2 gigawatts (Page 3).
  • The company is strategically working on signing framework agreements with multiple partners to secure upward of 1 gigawatt of recurring annual orders (Page 7).
  • Present tender pipeline is in excess of 3 gigawatts, including a mix of complete EPC, semi turnkey, and equipment supply tenders (Pages 7, 11).
  • Management expresses strong confidence in achieving or potentially overachieving their guidance of 1.2 gigawatt execution for FY'26, supported by the existing backlog and tender pipeline (Pages 10, 11).

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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 Q2 FY26 results?

Inox Wind targets full-year execution of 1.2 gigawatts for FY'26, with H2 expected to contribute about 70% of this volume. Inox Wind and Inox Green are confident in achieving their full-year execution target of 1.2 GW for FY26, with strong order book visibility exceeding 3.2 GW.

What is Inox Wind Ltd share price analysis?

Inox Wind Ltd currently shows a neutral. 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?

For FY'26, Inox Wind has guided a CAPEX of 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.