Synopsis:
A leading renewable energy stock gained attention after announcing a new 100 MW turbine order in Gujarat, taking its total order inflows for FY26 to nearly 400 MW.
A leading renewable energy stock drew investor attention after announcing a significant 100 MW wind turbine order from a major green energy transition platform. The development adds to the company’s robust order momentum this fiscal.
Inox Wind Ltd has a market capitalisation of Rs. 26,009.98 crore. The stock opened at Rs. 151.70, touched an intraday high of Rs. 151.90, compared to its previous close of Rs. 150.60, marking a rise of 0.86 percent.
What’s the News?
Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, announced that it has secured a 100 MW equipment supply order from a prominent green energy transition platform. The deal involves the supply of IWL’s latest 3.3 MW turbines for projects being developed in Gujarat. In addition to supplying turbines, the company will undertake limited-scope EPC work and provide multi-year operations and maintenance services once the turbines are commissioned.
Comments from the Management
Speaking on the occasion, Mr. Sanjeev Agarwal, CEO, Inox Wind Ltd said, “We are delighted to have secured a 100 MW order from a new customer, with several additional orders to be received going ahead. This order follows up our recent 229 MW wins from other existing and new customers, taking our total order inflow in FY26 to ~ 400 MW till date. We are in advanced stages of closure for securing multiple other orders which will ensure that our year-end net orderbook meets our execution guidance for the subsequent 18-24 months. With the strong momentum across the hybrid renewables space in India, we believe that the forthcoming opportunities in the wind industry are substantial.”
Financial Snapshot – Q1FY26
Quarter-on-Quarter (QoQ): Revenue declined from Rs. 1,275 crore in Q4FY25 to Rs. 826 crore in Q1FY26, a decrease of 35.2 percent. Operating profit fell from Rs. 254 crore to Rs. 184 crore, down 27.6 percent sequentially. Profit before tax stood at Rs. 138 crore, lower than Rs. 208 crore in the previous quarter, reflecting a decline of 33.7 percent. Net profit also declined from Rs. 190 crore to Rs. 97 crore, a drop of 48.9 percent quarter-on-quarter.
Year-on-Year (YoY): Compared to the same quarter last year, revenue grew from Rs. 640 crore to Rs. 826 crore, an increase of 29.1 percent. Operating profit rose from Rs. 135 crore to Rs. 184 crore, up 36.3 percent year-on-year. Profit before tax more than doubled from Rs. 55 crore to Rs. 138 crore, representing a jump of 150.9 percent. Net profit also surged from Rs. 42 crore to Rs. 97 crore, an increase of 130.9 percent over the same period last year.
About the Company
Founded in 2009, Inox Wind provides an end-to-end range of wind energy solutions extending beyond the manufacturing and supply of Wind Turbine Generators (WTGs). Its offerings include wind resource assessment, site acquisition, infrastructure development, project erection and commissioning, along with long-term operations and maintenance services for wind power projects.
Written by Manan Gangwar
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