Inox Wind Q3 FY26: Revenue Up 24% to ₹1,238 Cr, EBITDA Jumps 39%
Inox Wind reported Q3 FY26 consolidated revenue of ₹1,238 crore, up 24% YoY, with EBITDA increasing 39% to ₹313 crore. The company has a 3.2 GW order book and expects FY26 revenue over ₹5,000 crore with 20-22% EBITDA margins. Inox Green's Q3 FY26 income rose 51% to ₹112 crore.
The announcement includes strong financial results, upgraded future guidance for revenue and EBITDA margins, and progress on new product launches. This information is material for investors and indicates significant positive developments for the company.
The company reported significant year-on-year growth in revenue and EBITDA, alongside an expanded order book and upgraded financial guidance. These positive financial metrics and forward-looking statements indicate a favorable outlook.
Inox Wind Limited (IWL) announced its financial and operational results for the third quarter and nine months ended December 31, 2025 (Q3 FY26). The company reported a consolidated revenue of ₹1,238 crore, marking a year-on-year increase of 24%. EBITDA saw a significant rise of 39% year-on-year, reaching ₹313 crore, excluding a one-time gain in Q3 FY25. Profit before tax grew by 62% year-on-year to ₹209 crore, and profit after tax increased by 14% year-on-year to ₹127 crore. Cash profit also showed a strong performance, up by 38% year-on-year to ₹262 crore, excluding the one-time gain from the previous fiscal.
The company highlighted that these strong margins are supported by initiatives like backward integration into crane and transformer manufacturing. Inox Wind's order book remains robust at 3.2 GW, with approximately 600 MW added in the current financial year from key customers. IWL expects to further expand its order book and is confident of closing FY26 with a strong net order book, providing execution visibility for the next 18-24 months.
Furthermore, Inox Wind is progressing with the launch of its new 4X, 4.45 MW turbine, with commercial launch expected within the current calendar year. The company is recalibrating its guidance, shifting from megawattage to revenue and EBITDA margin figures. For FY26, consolidated revenue is projected to exceed ₹5,000 crore, a year-on-year growth of over 35%, with an upgraded EBITDA margin guidance of 20-22% (previously 18-19%). For FY27, consolidated revenue is expected to grow by approximately 75% over FY26, with EBITDA margins maintained at 20-22%.
Inox Green Energy Services Limited, the O&M subsidiary, reported total income of ₹112 crore, up 51% year-on-year. EBITDA increased by 80% to ₹53 crore, and profit after tax surged by 375% to ₹25 crore. Its portfolio stands at 13.3 GW, with plans for significant growth. The scheme of demerger of Inox Green's substation business and its merger into Inox Renewable Solutions is in the final stages of hearing at NCLT Ahmedabad.
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.