Inox Wind Shatters Records: Q2 Profits SOAR 43%! Is This Renewable Giant Finally Set for Liftoff?

Author

Satyam Jha | Whalesbook News Team

Detailed Coverage:

Inox Wind Limited announced its strongest-ever second-quarter financial results for the period ending September 30, 2025. The company reported a consolidated revenue of ₹1,162 crore, marking a significant 56% year-on-year increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw substantial growth, rising by 48% to ₹271 crore. Profit before tax jumped by an impressive 93% to ₹169 crore. The net profit after tax (PAT) increased by 43% to ₹121 crore, even after accounting for a deferred tax charge of ₹49 crore. Cash profit (Cash PAT) recorded a 66% year-on-year jump to ₹220 crore.

Operationally, Inox Wind's execution capability strengthened, with 202 MW completed during the quarter, up from 140 MW in the same period last year. The company boasts a healthy order book exceeding 3.2 gigawatts (GW), providing visibility for approximately 18-24 months of future work. Order inflow for the current fiscal year (FY26) so far stands at around 400 MW.

Further bolstering its future prospects, Inox Wind's new nacelle and hub manufacturing plant in Kalyangarh, Ahmedabad, is ramping up operations. Its transformer facility in Rajasthan is already operating at high utilization. Additionally, a new blade and tower manufacturing unit in Karnataka, the company's first in South India, is slated to become operational in 2026. The company's operations and maintenance (O&M) subsidiary, Inox Green, has expanded its portfolio to around 12.5 GW. Shareholders have also approved the demerger of Inox Green’s substation business.

Impact: This news is highly positive for Inox Wind Ltd and the Indian renewable energy sector. The strong financial and operational performance, coupled with significant expansion plans and a robust order book, indicates healthy growth prospects. This could lead to increased investor confidence and potentially drive up the stock price, reflecting a positive outlook for renewable energy investments in India. Impact Rating: 8/10

Difficult Terms: * EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A measure of a company's operating performance, excluding financing decisions, accounting decisions, and tax environments. * Profit After Tax (PAT): The profit remaining after all expenses, including taxes, have been deducted from the total revenue. * Cash Profit (Cash PAT): A measure of a company's profitability that includes non-cash expenses like depreciation and amortization. * Gigawatt (GW): A unit of power equal to one billion watts, commonly used to measure the capacity of electricity generation plants. * Nacelle: The housing unit on top of a wind turbine that contains most of the key components, such as the gearbox, generator, and drive train. * Hub: The central part of a wind turbine's rotor to which the blades are attached. * O&M (Operations and Maintenance): Services related to the upkeep and running of a facility or piece of equipment. * Demerger: The separation of a company into two or more entities.