Inox Wind Limited (IWL), one of India’s top wind energy solution providers, reported its strongest-ever Q2 results for the quarter ending September 30, 2025. Both financial and operational numbers recorded significant growth.

Inox Wind Financial Growth in Q2 FY26

IWL posted robust year-on-year growth across key metrics:

• Revenue: ₹1,162 crore (up 56%)
• EBITDA: ₹271 crore (up 48%)
• PBT: ₹169 crore (up 93%)
• PAT: ₹121 crore (up 43%) despite a non-cash deferred tax charge of ₹49 crore
• Cash PAT: ₹220 crore (up 66%)

The company executed 202 MW of wind capacity during the quarter.

Order Book Provides Multi-Year Visibility

IWL’s order book stands at over 3.2 GW, giving the company 18–24 months of revenue visibility.

In FY26 so far, IWL has won around 400 MW of new orders from both new and existing customers.

Manufacturing Expansion Across India

IWL is scaling up its manufacturing capacity:

• The new Kalyangarh (Gujarat) plant is ramping up operations. It produces nacelles and hubs for 3.3 MW turbines and is ready for upcoming 4.X MW models.
• The Rajasthan transformer facility is running at high utilisation.
• A new blade and tower plant in Karnataka—IWL’s first facility in South India—will start operations in 2026.

Inox Green Expands O&M Portfolio to 12.5 GW

IWL’s O&M arm, Inox Green, has expanded its wind operations portfolio to ~12.5 GW after recent acquisitions. It is on track to become India’s largest renewable O&M company.

A corporate restructuring — the demerger of Inox Green’s substation business and its merger into Inox Renewable Solutions — has been approved by shareholders and creditors.

About Inox Wind

Inox Wind is a fully integrated wind energy solutions company. It operates four manufacturing plants across Gujarat, Himachal Pradesh, and Madhya Pradesh, producing blades, towers, hubs, and nacelles. Its 3 MW turbine platform gives it a 2.5 GW annual manufacturing capacity.

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Inox Wind Share Price Movement

Inox Wind share price (NSE: INOXWIND) traded at ₹149 on 14 Nov, 3:30 pm IST, up 0.30% for the day. During the session, the stock hit a high of ₹150.00 and a low of ₹146.11, after opening at ₹148.62. The company, with a market capitalisation of ₹25,750 crore, currently has a P/E ratio of 45.11. It does not offer a dividend yield at present. In the past year, the stock has touched a 52-week high of ₹210.79 and a 52-week low of ₹128.47.

Conclusion

Inox Wind has delivered a standout quarter with strong financials, a growing order book, and rapid expansion across manufacturing and O&M. With new long-term partnerships, capacity additions, and rising demand for renewable energy, the company is positioned for sustained growth over the next several years.

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