Inox Wind posts strongest-ever Q2 performance; revenue up 56%, PAT rises 43%

Inox Wind Ltd (IWL) on Friday (November 14) reported its strongest-ever second-quarter performance, with a sharp rise in revenue, profitability and execution for the quarter ended September 30, 2025.

The company posted consolidated revenue of ₹1,162 crore, up 56% year-on-year, while EBITDA grew 48% to ₹271 crore. Profit before tax jumped 93% to ₹169 crore, and profit after tax rose 43% to ₹121 crore, despite a deferred tax charge of ₹49 crore during the quarter. Cash profit (Cash PAT) increased 66% year-on-year to ₹220 crore.

Execution during the quarter improved to 202 MW, compared with 140 MW a year ago. The company said its order book stands at over 3.2 GW, providing 18-24 months of visibility. It added that order inflow for FY26 so far is around 400 MW.

IWL said its new nacelle and hub manufacturing plant at Kalyangarh in Ahmedabad is ramping up operations. Its transformer facility in Rajasthan is operating at high utilisation, while a new blade and tower manufacturing unit in Karnataka, IWL’s first in South India, is expected to be operational in 2026.

The company's O&M subsidiary, Inox Green, has expanded its wind operations and maintenance portfolio to around 12.5 GW, supported by investments in multi-gigawatt assets. Shareholders and creditors have also approved the demerger of Inox Green’s substation business and its merger into Inox Renewable Solutions.

The shares of the company ended 0.3% in the green on Friday. The stock has fallen over 19% in the year so far.

Also Read: Utkarsh SFB Q2 results: Higher provisions, loan stress hurt earnings; asset quality weakens