Inox Wind Share Price Drops for the 2nd Day on June 3; Know the Reason Behind the Fall

As of June 3, 2025, Inox Wind Limited is trading in the equity segment with its last close price recorded at ₹185.37. The stock opened at ₹188.35 and hit a high of ₹190 and a low of ₹183 during the trading session.

The current quote value stands at ₹184.24, down by ₹1.13 or 0.61%. The stock shows a high trading volume with nearly 99.76 lakh shares exchanged, amounting to a traded value of ₹184.88 crore. The total market capitalisation of Inox Wind is approximately ₹24,021 crore, with a free float market cap of ₹12,311 crore.

Inox Wind Revenue and EBITDA Growth in Q4 FY25

Inox Wind’s Q4 revenue surged 142% year-on-year (YoY) and 40% quarter-on-quarter (QoQ), reaching ₹1,275 crore, aligning with market expectations. The company’s EBITDA (excluding other income) rose 158% YoY and 25% QoQ to ₹254 crore, matching analysts’ forecasts.

While the EBITDA margin improved by 125 basis points YoY to 19.95%, it saw a sequential decline of 241 basis points.

Impact of Recent Merger on Inox Wind’s Shareholding

Recently, the National Company Law Tribunal (NCLT) approved the merger of Inox Wind Energy Ltd. with Inox Wind Ltd. This consolidation increased the company’s total share count by 25%, causing some dilution in earnings per share (EPS).

However, it also substantially reduced the company’s liabilities, including ₹2,000 crore in non-convertible redeemable preference shares (NCRPS), which had previously weighed on the stock’s valuation.

Inox Wind’s Market Position and Order Book Strength

Inox Wind continues to hold a significant position in the Commercial & Industrial (C&I) wind energy segment, operating in a largely duopolistic market for wind EPC and turbine manufacturing.

The company’s order book stands at 3.2 GW, planned to be executed over the next 24 months, offering strong revenue visibility. The company reported nearly doubling its execution to 0.7 GW during the past year, with annual revenue doubling and EBITDA tripling.

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Conclusion

Inox Wind reported strong revenue and EBITDA growth in its latest quarterly results, reflecting continued activity in the wind energy sector. The recent merger increased the total share count, resulting in some dilution of earnings per share, but also led to a notable reduction in liabilities.

While the share price has experienced a short-term decline following profit booking, the company’s sizable order book and established market presence remain key aspects of its business outlook.

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