Inox Wind Q3 FY26 Revenue Rises 24% to ₹1,238 Cr, EBITDA Up 39%
Inox Wind's Q3 FY26 results show a 24% YoY revenue increase to ₹1,238 crore and a 39% YoY EBITDA jump to ₹313 crore, with margins at 25.2%. The company executed 252 MW and maintains an order book of 3.2 GW. FY26 revenue guidance is raised to >₹5,000 crore with improved EBITDA margins of 20-22%.
The strong financial results, improved margins, increased order execution, and upgraded future guidance indicate a significant positive impact on the company's outlook and investor confidence.
The company reported its strongest-ever quarterly performance with significant year-on-year growth in revenue, EBITDA, and PBT, along with an upgraded guidance for the fiscal year.
Inox Wind Limited (IWL) has announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), reporting its strongest-ever third-quarter performance. The company's consolidated revenue surged by 24% year-on-year to ₹1,238 crore, while EBITDA saw a significant increase of 39% year-on-year, reaching ₹313 crore. IWL maintained strong EBITDA margins of 25.2% during the quarter.
Profit before tax (PBT) grew by 62% year-on-year to ₹209 crore, and profit after tax (PAT) was up 14% year-on-year at ₹127 crore, despite a deferred tax charge of ₹83 crore. Cash PAT rose by 38% year-on-year to ₹262 crore.
Order execution in Q3 FY26 increased to 252 MW, contributing to a net order book of approximately 3.2 GW, providing revenue visibility for the next 18-24 months. The company has secured around 600 MW of orders in FY26 to date from various customers, including PSUs, IPPs, and C&I segments.
IWL has upgraded its consolidated revenue guidance for FY26 to over ₹5,000 crore, representing more than 35% year-on-year growth, and has substantially increased its EBITDA margin guidance to 20-22%. For FY27, the company anticipates consolidated revenue growth of approximately 75% over FY26, with EBITDA margins expected to be between 20-22%.
The scheme of demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions is in the final stages of hearing at the Hon’ble NCLT Ahmedabad.
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