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Inox Wind Ltd. has announced a record-breaking performance for the first quarter of the fiscal year, posting its highest-ever profit after tax of INR 97 crore. The robust financial results were driven by a 32% year-on-year surge in revenue, reaching INR 863 crore, and strong operational execution. The company successfully executed 146 MW of projects during the quarter and maintained a diversified order book of approximately 3.1 GW, ensuring strong revenue visibility for the next two years. The positive results, combined with a recent corporate merger and the commissioning of new manufacturing units, highlight the company's strengthened position in India's expanding wind energy market.
In a major financial turnaround, Inox Wind Ltd. has reported its highest-ever first-quarter profit, signaling a strong start to the fiscal year. The company's profit after tax for the quarter ended June 30, 2025, surged by an impressive 134% year-on-year to INR 97 crore. The company's revenue also climbed to INR 863 crore, demonstrating robust operational momentum and strategic execution. Advertisement
The positive results were bolstered by significant progress in its projects, with the execution of 146 MW of wind projects during the quarter. This performance is supported by a large and diversified order book of approximately 3.1 GW, which provides the company with a solid revenue stream and clear business visibility for the coming years.
The company has also been focused on expanding its operational capabilities. During the quarter, Inox Wind commissioned a new nacelle manufacturing plant, a transformer manufacturing unit, and enhanced its crane services. These additions are designed to improve project execution efficiency and enhance the company's position as a fully integrated player in the wind energy market.
On the corporate front, the recent merger of Inox Wind Energy Ltd. into Inox Wind Ltd. was completed, a move expected to strengthen the balance sheet by reducing liabilities by an estimated INR 2,050 crore. The company's CEO, Sanjeev Agarwal, expressed optimism about the future, citing a robust outlook for the Indian wind industry.
The recent notification by the Ministry of New and Renewable Energy (MNRE) regarding the Approved List of Models and Manufacturers (ALMM) for wind and turbine components is also expected to provide a significant boost to domestic manufacturers like Inox Wind, further solidifying its market position.
Source- PTI
5th Jun, 2025
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