Wind energy solutions provider Inox Wind Ltd on Thursday, August 14, reported its highest quarterly net profit and impressive all-round numbers in the first quarter ended June 30, 2025. Net profit surged 134% year-on-year (YoY) to ₹97.3 crore in Q1FY26 despite a deferred tax charge of ₹40 crore during the period — a non-cash accounting adjustment.
In the corresponding quarter of the previous fiscal, Inox Wind posted a net profit of ₹41.6 crore. The company reported a 167% YoY increase in profit before tax to ₹138 crore. Cash profit after tax surged 168% YoY to ₹186 crore.
Revenue from operations for this quarter surged 29.2% to ₹826.3 crore against ₹639.6 crore a year ago.
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EBITDA soared 36.5% to ₹183.8 crore in the April-June quarter over ₹134.7 crore year-on-year, while the EBITDA margin expanded over 100 bps to 22.2% versus 21% in the same quarter last year.
Order book & mergers
Order execution during the quarter improved to 146 MW, with the company’s order book standing at approximately 3.1 GW. IWL added an equipment supply order from First Energy to its diversified order portfolio, which includes marquee public sector undertakings (PSUs), independent power producers (IPPs), and commercial and industrial (C&I) customers.
The company operationalised its new nacelle manufacturing facility near Ahmedabad, Gujarat, and a transformer manufacturing unit in Rajasthan. It has also deployed its own cranes across multiple sites to enhance project execution capabilities.
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IWL’s operations and maintenance (O&M) subsidiary Inox Green signed an agreement for the comprehensive O&M of 182 MW wind projects belonging to one of India’s largest conglomerates.
The scheme for the demerger of Inox Green’s substation business and its subsequent merger into Inox Renewable Solutions received a ‘no objection’ from stock exchanges.
Additionally, the merger of Inox Wind Energy Ltd into IWL was completed, resulting in a substantial strengthening of the balance sheet with a reduction in liabilities of approximately ₹2,050 crore.
The results came after the close of the market hours. Shares of Inox Wind Ltd ended at ₹137, down by ₹0.95 or 0.69%, on the BSE today (August 14).
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