Inox Wind Q2 FY27 Results: Revenue ₹1,378 Cr (+58% QoQ), PBT ₹103 Cr (+8% QoQ)
Inox Wind reported Q2 FY27 revenue of ₹1,378 crore, up 58% QoQ, and PBT of ₹103 crore, up 8% QoQ. The company has an order book of ~3.8 GW, providing over 24 months of revenue visibility. Inox Green completed the acquisition of Wind World India's 4.5 GW O&M business, to be consolidated from Q3 FY27. FY28 revenue guidance is ₹7,500 crore with ~20% EBITDA margin.
The substantial revenue growth, improved profitability, strong order pipeline, and strategic acquisitions indicate a significant positive impact on the company's financial health and future prospects.
The company reported strong revenue growth and improved profitability metrics, along with a robust order book and positive future guidance. The acquisition of Wind World India's O&M business is also a significant positive development.
Inox Wind Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a total income of ₹1,378 crore for Q2 FY27, marking a significant increase of 58% compared to the previous quarter.
Profit Before Tax (PBT) stood at ₹103 crore, an 8% increase quarter-on-quarter. EBITDA for the quarter was ₹238 crore, remaining flat QoQ, with an EBITDA margin of approximately 17%. Cash Profit After Tax (PAT) also saw an increase of 8% QoQ, reaching ₹165 crore.
The company highlighted that the EBITDA did not fully reflect the income from the Wind World O&M portfolio, which is yet to be recognized in the P&L for this quarter. Had it been recognized, the consolidated EBITDA margins would have been around 20%. The company is observing revenue growth and a reduction in debtor days, attributing this to a strategic pivot towards equipment sales.
Inox Wind has a well-diversified order book of approximately 3.8 GW as of October 2026, providing revenue visibility of more than 24 months. This order book includes significant customers such as NTPC, CESC, NLC India, Aditya Birla, Amplus/Gentari, and Hero Future Energies. The company secured new orders aggregating to 350 MW from PSUs and IPPs in Q2 FY27.
A significant development mentioned is the completion of the payment for the transfer of Wind World India's 4.5 GW Wind O&M business by its subsidiary, Inox Green, through an NCLT process. This consolidation will be reflected in the financials from Q3 FY27. Additionally, Inox Green successfully raised ₹300 crore through a Qualified Institutional Placement (QIP) during the quarter.
The company provided a growth guidance for FY28, expecting revenue of approximately ₹7,500 crore and an EBITDA margin of around 20%. This is expected to be driven by strategies including the commercial sales of 4.X MW turbines, ramp-up of transformer manufacturing, and increased contribution from Inox Green post-consolidation of its acquired O&M portfolios.
What to do with a filing like this
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 high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Inox Wind Limited. Read the original for the full detail.