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Shares of Inox Wind Ltd. are in focus on Monday, December 15, after the company said it has secured a 102.3 mega watt (MW) order from Aditya Birla Renewables subsidiary ABREL EPC Ltd.
Inox Wind said this is the first order it has secured from Aditya Birla Renewables, which is for the supply of 3.3 MW turbines for the projects being developed by ABREL EPC Ltd. in Karnataka.
"We continue to make rapid progress on developing relationships with new customers and fortifying the existing ones," Sanjeev Agarwal, the CEO of Inox Wind, said.
Last month, InoxGFL Group's executive director Devansh Jain, said the firm is sticking to Inox Wind's execution guidance of 1,200 MW for the year and its margin outlook of 18%-19%, despite the second quarter margin crossing 20%.
"Hopefully, we should end at higher margins and what we have guided for in the full financial year. But at this point in time, we're sticking to our margin guidance. Naturally, the second half of the financial year 2026 is going to be about 70% of the full year's business. So looking forward to quarter three and four," he told CNBC-TV18.
Inox Wind reported its strongest-ever second quarter performance last month. Its consolidated revenue increased 56% to ₹1,162 crore from the previous year, while its earnings before interest, tax, depreciation and amortisation was up 48% at ₹271 crore.
Inox Wind's execution in the September quarter improved to 202 MW from 140 MW in the year-ago period. It said its order book stood at over 3.2 giga watt (GW), providing 18-24 months of visibility. It added that the order inflow for FY26, till the date, was around 400 MW.
Shares of Inox Wind ended the previous trade session 2.7% up at ₹124.85 apiece. The stock has declined 14.55% in the past month and 32.4% this year, so far.
Also Read: Lenskart shares are 'fairly valued'; Morgan Stanley projects limited upside
Inox Wind said this is the first order it has secured from Aditya Birla Renewables, which is for the supply of 3.3 MW turbines for the projects being developed by ABREL EPC Ltd. in Karnataka.
"We continue to make rapid progress on developing relationships with new customers and fortifying the existing ones," Sanjeev Agarwal, the CEO of Inox Wind, said.
Last month, InoxGFL Group's executive director Devansh Jain, said the firm is sticking to Inox Wind's execution guidance of 1,200 MW for the year and its margin outlook of 18%-19%, despite the second quarter margin crossing 20%.
"Hopefully, we should end at higher margins and what we have guided for in the full financial year. But at this point in time, we're sticking to our margin guidance. Naturally, the second half of the financial year 2026 is going to be about 70% of the full year's business. So looking forward to quarter three and four," he told CNBC-TV18.
Inox Wind reported its strongest-ever second quarter performance last month. Its consolidated revenue increased 56% to ₹1,162 crore from the previous year, while its earnings before interest, tax, depreciation and amortisation was up 48% at ₹271 crore.
Inox Wind's execution in the September quarter improved to 202 MW from 140 MW in the year-ago period. It said its order book stood at over 3.2 giga watt (GW), providing 18-24 months of visibility. It added that the order inflow for FY26, till the date, was around 400 MW.
Shares of Inox Wind ended the previous trade session 2.7% up at ₹124.85 apiece. The stock has declined 14.55% in the past month and 32.4% this year, so far.
Also Read: Lenskart shares are 'fairly valued'; Morgan Stanley projects limited upside
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