Inox Wind Ltd
Inox Wind Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
The company is confident of achieving its FY '26 guidance of 1,200 megawatts and expects to maintain strong execution momentum beyond that, targeting around 2 gigawatts thereafter (Page 16, 17). The company maintains FY '26 guidance of 1,200+ MW execution with confidence in meeting or exceeding it.
From Inox Wind Ltd's Q3 FY25 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- The company is confident of achieving its FY '26 guidance of 1,200 megawatts and expects to maintain strong execution momentum beyond that, targeting around 2 gigawatts thereafter (Page 16, 17).
- The order book is well diversified and currently covers more than two years (3.3 gigawatts), with ongoing bids and discussions indicating steady order inflow in coming years (Page 17, 6).
- Revenue growth is expected from increased EPC execution, especially from Quarter 4 FY '25 onwards, as milestone completions accelerate (Page 9, 16).
- Expansion into related businesses like crane services and transformer manufacturing is expected to improve margins and cash flow, with some revenue utilized internally (Page 16).
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Profitability & Margins
See what Inox Wind Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex guidance for FY '26 and FY '27 is between INR 50 crores to INR 75 crores.
- The company is expanding into crane services and transformer manufacturing as part of backward integration.
- These backward integration initiatives are expected to improve EBITDA margins and help cash flows through deferred payments.
- The first set of cranes will be operationalized within Q4 FY '25 and reflected in margins from Q4 onwards.
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Top-ranked in Electrical Equipment
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
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Order Book & Pipeline
- Inox Wind Limited currently has a strong and well-diversified order book of approximately 3.3 gigawatts, which broadly covers the next 2 years.
- The company has already executed around 500 megawatts over the past year.
- Order inflows over the last 2 years include about 500-600 megawatts from group companies, with the rest being external orders from strong third-party clients such as NTPC, CESC, Continuum, Hero, and Serentica.
- The company is selective and focused on orders that offer good profitability and work with financially strong, reliable customers.
- Multiple ongoing negotiations and tenders are in progress, including equipment supply and turnkey projects, with a sizable and healthy order pipeline.
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Inox Wind Ltd — Quarterly revenue & net profit
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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What Inox Wind Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Inox Wind Ltd Q3 FY25 results?
The company is confident of achieving its FY '26 guidance of 1,200 megawatts and expects to maintain strong execution momentum beyond that, targeting around 2 gigawatts thereafter (Page 16, 17). The company maintains FY '26 guidance of 1,200+ MW execution with confidence in meeting or exceeding it.
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?
Capex guidance for FY '26 and FY '27 is between INR 50 crores to INR 75 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.