Inox Wind Ltd
Inox Wind Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Inox Wind has a strong order book of around 3.2 GW, ensuring visibility for the next 1.5 to 2 years. FY '27 consolidated revenue expected to grow by ~75% over FY '26.
From Inox Wind Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Inox Wind has a strong order book of around 3.2 GW, ensuring visibility for the next 1.5 to 2 years.
- Multiple new orders are in advanced stages and expected to be announced by end of the current quarter.
- The company shifted guidance from megawatt-based to revenue-based for better predictability and control.
- Targeted revenue growth includes a 75% increase in FY '27.
- Inox Wind aims to achieve and surpass an execution capacity of 2 GW annually post FY '27, though exact timing may vary.
- The company is confident of sustained growth supported by expanding pipelines, including group company Inox Green.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Inox Wind Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- CAPEX guidance for FY '27 is around INR 200 crore.
- CAPEX incurred in 9 months of FY '26 is around INR 150 crore; full-year FY '26 target is also around INR 200 crore.
- Management is refraining from providing CAPEX guidance for FY '28 at this point.
- The company is ramping up Inox Green Energy Services to become one of the largest O&M companies over the next 2 years.
- Inox Clean is the latest venture, considered a strategic asset providing minimum 500 MW orders for Inox Wind and portfolio addition for Inox Green.
2 more points management made on capital expenditure plans
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
See what Inox Wind Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of February 13, 2026, Inox Wind Limited has an order book of around 3.2 gigawatts, providing visibility and certainty for the next 1.5 to 2 years.
- Numerous orders are in advanced stages, with several tenders received and internal discussions ongoing.
- The company expects to announce additional orders before the end of the current quarter.
- The internal pipeline includes many opportunities not yet added to the order book.
- Management emphasizes that order booking is not a problem; the focus is on execution and timely delivery.
2 more points management made on order book & pipeline
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 FY26 results?
Inox Wind has a strong order book of around 3.2 GW, ensuring visibility for the next 1.5 to 2 years. FY '27 consolidated revenue expected to grow by ~75% over FY '26.
What is Inox Wind Ltd share price analysis?
Inox Wind Ltd currently shows a neutral. The stock trades at a P/E of 33.6 with a market cap of ₹13,629 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox Wind Ltd planning capital expenditure?
CAPEX guidance for FY '27 is around INR 200 crore.
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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.