Inox Wind Q1 FY27 Results: Revenue ₹872 Cr, EBITDA ₹237 Cr; Orderbook ~4.4 GW
Inox Wind Limited reported Q1 FY27 consolidated income of ₹872 crore and EBITDA of ₹237 crore. The company has a diversified order book of ~4.4 GW. A significant MOU with Inox Clean for 1.5 GW wind turbine supply, including a ₹3,500 crore agreement for 500 MW, was highlighted. Inox Green's acquisition of 4.5 GW O&M assets is expected to complete in Q2 FY27. IWL expects 75% revenue growth and 20-22% EBITDA margin for FY27.
The results show a slight year-on-year decline in profit, but the strong order book, new large agreements, and positive future guidance indicate a medium-term positive outlook.
The company reported growth in total income and has a strong order book with significant new agreements. Strategic initiatives and subsidiary growth are positive indicators.
Inox Wind Limited (IWL) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated total income of ₹872 crore, a marginal 1% increase from ₹863 crore in the same quarter last year. EBITDA stood at ₹237 crore, a decrease of 3% from ₹245 crore year-on-year. Profit Before Tax (PBT) was ₹95 crore, down 31% from ₹138 crore in Q1 FY26, and Profit After Tax (PAT) was ₹64 crore, a 34% decline from ₹97 crore in the prior year period.
The company highlighted its strategic pivot towards equipment supply, which is expected to yield long-term benefits and reflect meaningfully in financials from Q3 FY27 onwards. IWL maintains a well-diversified order book of approximately 4.4 GW as of July 2026, with marquee customers including NTPC, CESC, NLC India, Aditya Birla, and Hero Future Energies. A significant development is the MOU with its group company, Inox Clean, for 1.5 GW of wind turbine supply, with a firm agreement for the first tranche of 500 MW amounting to up to ₹3,500 crore. Additionally, IWL received a Letter of Award from NLC India Ltd for a 200 MW turnkey order along with O&M in July 2026.
Inox Green, a subsidiary, continues its growth with the NCLT approval for acquiring the ~4.5 GW wind O&M portfolio of Wind World India, expected to be completed in Q2 FY27. The demerger of the power evacuation business from Inox Green into IRSL was completed as of August 1, 2026. The presentation also outlines the company's growth guidance for FY27, expecting 75% revenue growth and an EBITDA margin of 20-22%, driven by strategic operational and financial initiatives, including the commercial launch of 4X MW turbines within CY26 and enhancements in manufacturing capacities.
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Inox Wind Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Inox Wind Limited. Read the original for the full detail.