Indowind Energy: 9M FY26 EBITDA Up 29.4%, Plans ₹570 Crore Fund Raise & Investments
Indowind Energy reported a 29.4% YoY EBITDA growth for 9M FY26, reaching ₹16.98 crore. The company plans to raise up to USD 70 million (approx. ₹570 crore) overseas and increase borrowing powers to ₹1,500 crore. Key investments include ₹57.80 crore in Everon Power Limited to make it an associate.
The planned overseas fundraise of up to USD 70 million, increase in borrowing powers, and strategic investments in subsidiaries are material financial and corporate actions that will likely have a significant impact on the company's future operations and financial structure.
The company reported significant year-on-year growth in EBITDA and net profit, alongside strategic plans for fundraising and investments, indicating positive business momentum.
Indowind Energy Limited has announced its unaudited financial results for the third quarter and the first nine months of FY26, reporting a significant year-on-year EBITDA growth of 29.4% for the 9M FY26 period. The company's total revenue for 9M FY26 stood at ₹35.49 crore, an increase of 21.61% from ₹29.18 crore in the prior year period. EBITDA for 9M FY26 grew to ₹16.98 crore from ₹13.13 crore YoY, with an improved EBITDA margin of 47.86%. Net profit for 9M FY26 was ₹7.51 crore, up 24.32% from ₹6.04 crore in 9M FY25.
In addition to financial performance, the company's board has approved several key business updates, subject to shareholder approval. These include an increase in authorized share capital from ₹175 crore to ₹275 crore, and an increase in borrowing powers to ₹1,500 crore. The company also plans an overseas fund raise of up to USD 70 million (approximately ₹570 crore) for bond exchange/restructuring and business expansion. Furthermore, Indowind Energy intends to make strategic investments, including up to ₹10 lakh in Nova Power Private Limited to make it a subsidiary, ₹10 lakh to incorporate a new subsidiary for service connections, and up to ₹57.80 crore for a 20% equity investment in Everon Power Limited to make it an associate company.
Commenting on the results, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited, highlighted the underlying strength of operations translating into improving profitability and healthier margins, reflecting a sustained focus on efficiency and asset performance. He also noted the deliberate strengthening of the capital framework and expansion of strategic flexibility to pursue calibrated growth and value-accretive opportunities.
Recent business highlights include the signing of an in-principle agreement to acquire an operational ~5.1 MW wind power project and the successful completion of a rights issue that raised ₹49.42 crore.
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See the model portfoliosA plain-language summary of a public exchange filing by Indowind Energy Limited. Read the original for the full detail.