Inox Wind, Inox Green achieve record Q2 performances

Inox Wind Limited delivered its best-ever Q2, executing over 200 megawatts (MW) in Q2 and approximately 350 MW in H1 FY'26, putting it on track to meet its full-year guidance. On a consolidated basis, Q2 FY'26 revenues increased by 56% year-on-year to INR 1,162 crores, with EBITDA rising 48% to INR 271 crores and PAT up 43% to INR 121 crores. Cash profit increased by 66% to INR 220 crores. The company maintains an order book exceeding 3.2 gigawatts (GW) and expects annual recurring orders of over 1 GW, providing execution visibility for 18-24 months.

Inox Green also reported its best-ever financial performance in Q2 FY'26, with total income soaring 101% year-on-year to INR 129.5 crores and EBITDA increasing 52% to INR 52.2 crores. Profit after tax saw a remarkable 363% rise to INR 28.1 crores, and cash PAT grew by 121% to INR 50.9 crores. Inox Green's operational wind and solar portfolio now stands at 12.5 GW, with a target to reach 17 GW within the next two years, positioning it to become India's largest renewable O&M player.

Strategic developments include high utilization of Inox Wind's manufacturing facilities and expansion into South India. The demerger of the substation business from Inox Green and its merger into Inox Renewable, approved by shareholders and creditors, is expected to enhance profitability by eliminating approximately INR 50-55 crores in annual depreciation.