Inox Wind Ltd. (IWL) Q2 FY26 Financial & Operational Highlights

Inox Wind Ltd. has reported its strongest-ever second-quarter performance for the period ending September 30, 2025. The results demonstrate significant year-over-year (YoY) growth across all key financial and operational metrics, reinforcing the company's growth trajectory. 1. Key Financial Performance (Consolidated, YoY) The company's financial results show robust expansion in revenue and profitability. Consolidated Revenue: Grew 56% YoY to ₹1,162 crore. EBITDA: Increased 48% YoY to ₹271 crore. Profit Before Tax (PBT): Surged 93% YoY to ₹169 crore. Profit After Tax (PAT): Rose 43% YoY to ₹121 crore. Note: This profit growth was achieved despite a one-time deferred tax charge of ₹49 crore, indicating strong underlying operational profitability. Cash PAT: Showed a substantial increase of 66% YoY, reaching ₹220 crore. 2. Operational Highlights & Future Outlook Operational execution and a strong order book provide a solid foundation for future performance. Improved Execution: The company executed 202 MW during the quarter, a significant increase from 140 MW in the corresponding quarter last year. Robust Order Book: The order book stands at over 3.2 GW, providing clear revenue visibility for the next 18-24 months. Order Inflow: Order inflow for FY26 has already reached approximately 400 MW. 3. Strategic & Expansion Updates IWL is actively scaling its manufacturing and service capabilities to meet demand. Manufacturing Expansion: The new nacelle and hub plant in Ahmedabad is successfully ramping up operations. The transformer facility in Rajasthan is operating at high utilisation. A new blade and tower unit in Karnataka, the company's first in South India, is on track to be operational in 2026. Subsidiary (Inox Green): The O&M subsidiary has expanded its portfolio to approximately 12.5 GW. Shareholders and creditors have also approved the strategic demerger of its substation business and its merger into Inox Renewable Solutions.