Shares of Inox Wind traded 2.9% higher at Rs 153 on Monday, November 17, after the company posted its strongest-ever second-quarter performance for the period ending September 30, 2025. The stock gained Rs 4.31 from the previous close of Rs 148.69 as investors reacted to the sharp improvement in revenue, profitability and project execution.
In Q2 FY26, Inox Wind reported consolidated revenue of Rs 1,162 crore, up 56% year-on-year, highlighting strong momentum in its order execution cycle. EBITDA increased 48% to Rs 271 crore, while profit before tax rose 93% to Rs 169 crore. Profit after tax stood at Rs 121 crore, up 43% even after accounting for a Rs 49 crore deferred tax charge during the quarter. Cash profit (Cash PAT) also increased 66% YoY to Rs 220 crore.
Execution improved significantly with 202 MW completed during the quarter, compared to 140 MW a year ago. The company said its order book remains strong at over 3.2 GW, offering 18–24 months of revenue visibility. It added that order inflow for FY26 so far stands at around 400 MW.
Operationally, Inox Wind highlighted progress in its manufacturing ecosystem. The new nacelle and hub facility at Kalyangarh in Ahmedabad is scaling up, while the transformer facility in Rajasthan continues to operate at high utilisation. The company also expects its first South India blade and tower manufacturing unit in Karnataka to become operational in 2026.
The O&M business under subsidiary Inox Green expanded its portfolio to approximately 12.5 GW, supported by investments in multi-gigawatt assets. Shareholders and creditors have approved the demerger of Inox Green’s substation business for its merger into Inox Renewable Solutions, strengthening the company’s long-term service capabilities.
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