The company’s total order book now stands at approximately 3.1 GW, offering strong visibility for the next two years.
INOX Wind Ltd (IWL), one of India’s leading wind energy solutions providers, reported its highest-ever first-quarter profit after tax (PAT) of ₹97 crore for the quarter ended June 30, 2025, up 134 per cent year-on-year. The company also posted a record cash PAT of ₹186 crore, marking a 168 per cent jump over the same period last year.
Revenue rose 32 per cent YoY to ₹863 crore, while EBITDA grew 39 per cent to ₹220 crore, continuing the company’s strong margin trajectory. Profit before tax stood at ₹138 crore, up 167 per cent YoY, despite a ₹40 crore deferred tax charge.
IWL executed 146 MW of wind projects during the quarter and added new orders, including a supply contract from First Energy. Its total order book now stands at approximately 3.1 GW, offering strong visibility for the next two years.
The company also operationalised a new nacelle plant near Ahmedabad, a transformer manufacturing unit in Rajasthan, and deployed its crane services across multiple sites.
In a key development, the merger of Inox Wind Energy Ltd into IWL was completed, reducing liabilities by around ₹2,050 crore and strengthening the balance sheet. Additionally, the demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions received regulatory clearance.
INOX Green, IWL’s O&M subsidiary, signed a comprehensive operations and maintenance agreement for 182 MW of wind projects with one of India’s largest conglomerates.
Devansh Jain, Executive Director, INOXGFL Group, said the company is well-positioned to capitalise on India’s renewable energy momentum. “With strategic actions behind us and strong domestic demand, Inox Wind is on a robust growth path. The ALMM policy and our integrated supply chain reinforce our long-term outlook.”
Kailash Tarachandani, Group CEO, added, “Inox Wind continues to lead our renewables vertical, backed by strong customer relationships and favourable policy tailwinds.”
Sanjeev Agarwal, CEO of Inox Wind, said, “We’ve started FY2026 on a strong note and expect continued demand growth, especially with ALMM support for domestic wind components.”
The Ministry of New and Renewable Energy (MNRE) also notified the inclusion of wind and wind turbine components under the Approved List of Models and Manufacturers (ALMM), a move expected to boost domestic manufacturing.