Inox Wind
Inox Wind Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
For FY27, Inox Wind and Inox Green expect around 75% growth in consolidated revenue compared to FY26, targeting approximately INR7,500 crores. FY27 guidance expects 75% revenue growth over FY26, targeting about INR7,500 crores.
From Inox Wind's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- For FY27, Inox Wind and Inox Green expect around 75% growth in consolidated revenue compared to FY26, targeting approximately INR7,500 crores.
- Revenue guidance is based on contracts shifting from megawatt execution metrics to revenue terms due to diversified contract types.
- The company is "sold out" on its 3.1 GW order book for the next 2.5 years, providing strong execution visibility.
- Inox Green projects EBITDA north of INR600 crores for FY27, anticipating multi-fold increase due to inorganic growth and acquisitions.
- Growth will come from organic capacity additions (~3 GW annually at Inox Clean), equipment supply pivot, and O&M services (expected to rise to ~20% revenue mix).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Inox Wind said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Inox Green has made nearly 9-10 acquisitions recently, including 2 of the top 4 wind OEMs in India that went bankrupt, consolidating the sector.
- Limited future acquisition opportunities remain in India due to sector consolidation; minor acquisitions may use 10-20% of free cash flow.
- Focus on integrating acquired companies into Inox Green before further deployment of capital.
- Strategic shift toward equipment supply (75-80% of order book) vs. turnkey EPC to ensure better cash flow and reduce working capital blockage.
- Plans to expand into power electronics including transformers, inverters, and ECS systems as higher-margin growth areas.
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 said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately 3.1 GW, with about 50% comprising turnkey projects and 50% equipment supply; equipment supply share is expected to rise to 75%-80%.
- Added nearly 600 MW to the order book during the financial year, including marquee clients like Aditya Birla, Gentari / Amplus, Jakson Green, First Energy, and Leap Green.
- Large execution visibility beyond 24 months due to diversified order book and ongoing negotiations for new orders.
- Inox Clean Energy, a group company, plans to add over 3 GW annually, with 20%-30% expected from wind, contributing about one-third of annual execution targets.
2 more points management made on order book & pipeline
Inox Wind — 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 Q4 FY26 results?
For FY27, Inox Wind and Inox Green expect around 75% growth in consolidated revenue compared to FY26, targeting approximately INR7,500 crores. FY27 guidance expects 75% revenue growth over FY26, targeting about INR7,500 crores.
What is Inox Wind share price analysis?
Inox Wind currently shows a neutral. The stock trades at a P/E of 38.5 with a market cap of ₹13,273 Cr. Investors should review the full earnings analysis for detailed insights.
Is Inox Wind planning capital expenditure?
Inox Green has made nearly 9-10 acquisitions recently, including 2 of the top 4 wind OEMs in India that went bankrupt, consolidating the sector. - Limited future acquisition opportunities remain in India due to sector consolidation; minor acquisitions may use 10-20% of free cash flow. - Focus on integrating acquired companies into Inox Green before further deployment of capital. - Strategic shift toward equipment supply (75-80% of order book) vs.
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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.