INOX Wind Latest Updates

INOX Wind has demonstrated a significant turnaround with its Q1 FY26 financial results, reporting a consolidated net profit surge of over 300% to Rs 186.87 crore. Revenue from operations also saw a substantial increase of over 140% compared to the same quarter last year, reflecting improved profitability and operational efficiency. The company's board has approved a rights issue to raise up to Rs 1,250 crore, aiming to strengthen its financial position and support future growth initiatives in the wind energy sector. Additionally, the National Company Law Tribunal (NCLT) sanctioned the merger of Inox Wind Energy Ltd. (IWEL) into Inox Wind Ltd. (IWL) on June 10, 2025. This merger is expected to significantly reduce IWL's liabilities by approximately Rs 2,050 crore and streamline the group's wind energy business operations. In terms of new business, INOX Wind recently secured a 51 MW order from First Energy, a Thermax Group company, for the supply of its 3 MW class turbines, along with limited EPC and multi-year O&M services. This adds to its robust order book, which stood at approximately 3.2 GW as of March 31, 2025, providing strong revenue visibility for the coming years. The company's stock performance has been generally positive over the last year, although it has experienced some short-term fluctuations. The recent strong financial results and strategic developments are key factors influencing its current market standing.