Shares of Inox Wind were trading as much as 5% lower on Monday, August 10, after the company reported a weak set of Q1FY27 results. Inox Wind reported a 34.2% year-on-year decline in profit at ₹64.1 crore, compared with ₹97.3 crore in the year-ago period.
Revenue declined 1.5% to ₹814.1 crore from ₹826.3 crore, marking the second consecutive quarter of year-on-year revenue decline. EBITDA fell 17% to ₹152.5 crore from ₹183.7 crore, while the EBITDA margin contracted to 18.7% from 22.2% a year ago. The company’s order book stood at around 4.4 GW.
Inox Wind said its 4X wind turbine prototype remains on track for installation in August 2026, with commercial launch targeted by the end of FY27. Meanwhile, INOX Clean Energy is expected to add around 3 GW of renewable energy capacity annually. The NCLT has approved the acquisition of Wind World India’s around 4.5 GW wind operations and maintenance portfolio, with the transaction expected to be completed in Q2FY27.
The company reiterated its FY27 guidance, including around 75% year-on-year revenue growth and an EBITDA margin of 20-22%.