Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Inox Wind Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 226 | 191 | 349 | 371 | 503 | 528 | 640 | 733 | 911 | 1,275 | 826 | 1,119 | 1,207 |
| Expenses + | 402 | 218 | 317 | 322 | 411 | 429 | 505 | 567 | 707 | 1,021 | 643 | 891 | 926 |
| Operating Profit | -175 | -27 | 31 | 48 | 93 | 99 | 135 | 166 | 204 | 254 | 184 | 228 | 282 |
| OPM % | -78% | -14% | 9% | 13% | 18% | 19% | 21% | 23% | 22% | 20% | 22% | 20% | 23% |
| Other Income + | 3 | -0 | 4 | 16 | 1 | 21 | 18 | 11 | 68 | 36 | 36 | 43 | 31 |
| Interest | 94 | 65 | 70 | 64 | 63 | 57 | 56 | 44 | 34 | 35 | 34 | 51 | 50 |
| Depreciation | 26 | 26 | 29 | 26 | 28 | 30 | 42 | 45 | 47 | 48 | 49 | 51 | 53 |
| Profit before tax | -293 | -119 | -63 | -26 | 3 | 31 | 55 | 88 | 190 | 208 | 138 | 169 | 209 |
| Tax % | -2% | 0% | 2% | 4% | 45% | -4% | 24% | 4% | 42% | 8% | 29% | 29% | 40% |
| Net Profit + | -288 | -119 | -65 | -27 | 2 | 33 | 42 | 84 | 110 | 190 | 97 | 121 | 127 |
| EPS in Rs | -2.43 | -0.85 | -0.46 | -0.17 | 0.01 | 0.34 | 0.07 | 0.19 | 0.84 | 1.35 | 0.61 | 0.53 | 0.68 |
Financials of Inox Wind Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,567 | 2,709 | 4,445 | 3,405 | 465 | 1,436 | 760 | 711 | 625 | 733 | 1,746 | 3,557 | 4,428 |
| Expenses + | 1,391 | 2,284 | 3,711 | 2,863 | 548 | 1,287 | 877 | 902 | 925 | 926 | 1,484 | 2,800 | 3,480 |
| Operating Profit | 176 | 425 | 734 | 542 | -83 | 149 | -116 | -191 | -300 | -193 | 262 | 757 | 947 |
| OPM % | 11% | 16% | 17% | 16% | -18% | 10% | -15% | -27% | -48% | -26% | 15% | 21% | 21% |
| Other Income + | 9 | 47 | 48 | 84 | 26 | 23 | 11 | 76 | 19 | -65 | 46 | 134 | 146 |
| Interest | 46 | 62 | 98 | 155 | 171 | 169 | 244 | 255 | 283 | 327 | 240 | 169 | 170 |
| Depreciation | 12 | 20 | 35 | 44 | 52 | 66 | 80 | 88 | 89 | 98 | 113 | 182 | 200 |
| Profit before tax | 128 | 389 | 649 | 427 | -280 | -62 | -430 | -459 | -653 | -684 | -45 | 539 | 724 |
| Tax % | -4% | 24% | 29% | 29% | -33% | -36% | -35% | -33% | -26% | 4% | 7% | 19% | |
| Net Profit + | 132 | 296 | 461 | 303 | -188 | -40 | -279 | -307 | -483 | -712 | -48 | 438 | 535 |
| EPS in Rs | 1.55 | 3.14 | 4.88 | 3.21 | -1.99 | -0.42 | -2.96 | -3.24 | -5.08 | -5.11 | -0.26 | 3.23 | 3.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Inox Wind Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 200 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 222 | 326 | 391 | 1,624 | 1,728 |
| Reserves | 228 | 1,170 | 1,665 | 1,968 | 1,782 | 1,743 | 1,464 | 1,094 | 688 | 1,387 | 2,417 | 3,423 | 4,945 |
| Borrowings + | 557 | 874 | 1,457 | 1,674 | 1,062 | 1,305 | 1,121 | 1,566 | 2,637 | 2,416 | 2,078 | 1,500 | 1,140 |
| Other Liabilities + | 495 | 930 | 1,434 | 1,291 | 1,032 | 1,471 | 2,485 | 2,582 | 2,417 | 1,912 | 1,867 | 2,246 | 2,192 |
| Total Liabilities | 1,480 | 3,196 | 4,778 | 5,155 | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,041 | 6,754 | 8,792 | 10,005 |
| Fixed Assets + | 174 | 203 | 527 | 765 | 985 | 973 | 1,228 | 1,191 | 1,343 | 1,619 | 1,843 | 2,291 | 2,388 |
| CWIP | 25 | 49 | 43 | 112 | 20 | 66 | 33 | 230 | 148 | 123 | 304 | 296 | 402 |
| Investments | 45 | 0 | 63 | 253 | 0 | 91 | 94 | 33 | 33 | 1 | 0 | 446 | 489 |
| Other Assets + | 1,235 | 2,944 | 4,146 | 4,024 | 3,094 | 3,611 | 3,936 | 4,010 | 4,440 | 4,298 | 4,607 | 5,760 | 6,726 |
| Total Assets | 1,480 | 3,196 | 4,778 | 5,155 | 4,098 | 4,741 | 5,292 | 5,464 | 5,965 | 6,041 | 6,754 | 8,792 | 10,005 |
Financials of Inox Wind Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -76 | -106 | -163 | 114 | 269 | 147 | 733 | -112 | -475 | -1,100 | -366 | 138 |
| Cash from Investing Activity + | -44 | -148 | -968 | -5 | 332 | -264 | -346 | -49 | -74 | 231 | 487 | -406 |
| Cash from Financing Activity + | 120 | 958 | 501 | 19 | -760 | 76 | -385 | 282 | 486 | 824 | -130 | 277 |
| Net Cash Flow | 0 | 704 | -630 | 128 | -159 | -40 | 2 | 122 | -62 | -45 | -9 | 9 |
| Free Cash Flow | -120 | -210 | -567 | -176 | 84 | 10 | 462 | -231 | -654 | -1,488 | -881 | -483 |
| CFO/OP | -24% | -6% | -4% | 44% | -373% | 101% | -650% | 68% | 155% | 572% | -117% | 19% |
Financials of Inox Wind Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 165 | 193 | 198 | 255 | 1,051 | 414 | 635 | 538 | 627 | 412 | 238 | 276 |
| Inventory Days | 105 | 93 | 74 | 133 | 2,865 | 411 | 1,363 | 733 | 940 | 843 | 441 | 238 |
| Days Payable | 164 | 155 | 158 | 187 | 1,653 | 387 | 1,446 | 829 | 663 | 460 | 214 | 188 |
| Cash Conversion Cycle | 107 | 130 | 115 | 202 | 2,263 | 438 | 552 | 442 | 905 | 795 | 464 | 326 |
| Working Capital Days | 35 | 54 | 48 | 68 | 614 | 138 | -217 | -430 | -259 | -12 | 75 | 161 |
| ROCE % | 21% | 28% | 26% | 16% | -3% | 3% | -6% | -8% | -11% | -7% | 4% | 12% |