India · Delayed Price · Currency is INR Inox Wind Earnings Call Transcripts
Fiscal Year 2026
-
Q4 FY 2026 saw resilient financial performance with Inox Wind reporting INR 1,306 crore revenue and Inox Green achieving 40% YoY income growth. Strategic shift to equipment supply, major acquisitions, and strong sector tailwinds position the group for 75% revenue growth in FY 2027.
-
Revenue and profitability saw strong YoY growth, with upgraded EBITDA margin guidance and robust order book. Execution challenges persist due to customer site delays, but sector outlook remains positive, supported by large O&M portfolio and upcoming product launches.
-
Record Q2 and H1 results with strong revenue and profit growth, robust order book, and execution on track for 1.2 GW full-year target. Inox Green’s O&M portfolio reached 12.5 GW, with further growth expected. Favorable policy changes and strategic initiatives support continued expansion.
Fiscal Year 2025
-
Q1 FY2026 saw record financial performance, with revenue and profitability up sharply YoY, driven by strong execution, expanded manufacturing, and a robust order book. Guidance for 1.2 GW execution and 18%-19% EBITDA margin is reaffirmed, with O&M portfolio growth and industry tailwinds supporting future expansion.
-
Q3 FY25 saw record revenue and profit, with 96% YoY revenue growth and EBITDA margin at 29%. Execution guidance for 800 MW in FY25 and 1,200+ MW in FY26 is maintained, supported by a 3.3 GW order book and upgraded credit ratings.
-
Q2 FY2025 saw revenue nearly double and EBITDA surge 171% year-over-year, with the company turning net cash and upgrading margin guidance to 17%. Order book stands at 3.3 GW, execution guidance is maintained, and interest costs are set to decline further.
-
Record Q1 FY25 results with revenue up 85% YOY and EBITDA up 349% YOY, driven by strong order inflows and a net cash positive position after a major promoter infusion. Execution guidance remains robust, with margin and market share focus, and significant value unlocking planned through EPC restructuring.