Q1 2026 Inox Wind Ltd Earnings Call Transcript
Key Points
- Inox Wind Ltd (BOM:539083) reported a strong financial performance in Q1 FY26, with a 32% year-on-year increase in revenue to INR 863 crores.
- The company successfully executed 146 megawatts during the quarter, maintaining a diversified order book of 3.1 gigawatts.
- Inox Wind Ltd (BOM:539083) has operationalized a new nacelle plant and transformer manufacturing unit, which is expected to enhance execution speed and margins.
- The company raised its margin guidance for FY26 to 18%-19%, up from the previous 17%-18%, indicating confidence in achieving higher profitability.
- Inox Green, a subsidiary, reported a significant increase in total income by 79% year-on-year, with a strong EBITDA margin of 49% for the quarter.
- Despite the positive financial results, the execution in megawatts for Q1 FY26 was only a 4% increase compared to the previous year, which raised concerns about the pace of execution.
- There are concerns about high receivables and inventory days, with the company maintaining a net working capital guidance of 120 days.
- The company faces challenges in maintaining a balance between turnkey and equipment supply contracts, which could impact future execution strategies.
- There is uncertainty regarding the impact of potential new entrants in the wind EPC space, which could increase competition.
- The company has experienced significant equity dilution, raising concerns about the impact on shareholder returns despite strong sector and company performance.
Ladies and gentlemen, good day and welcome to the Inox Wind and Inox Green Q1 FY26 Earnings conference call hosted by JM Financial. (Operator Instructions) Please note this conference is being recorded. I now hand the conference over to Mr. Sudhanshu Bansal from JM Financial. Thank you and over to you, sir.
Thank you, Steve. Good afternoon, everybody. On behalf of JM Financial, I welcome you all to the Q1 FY26 Earnings call of Inox Wind and Inox Green Energy Services.
For today's call, we have with us the leadership team of both the companies led by Mr. Devansh Jain, Executive Director, INOXGFL Group; Mr. Kailash Tarachandani, Group CEO; INOXGFL Renewables Business; Mr. Akhil Jindal, Group CFO, INOXGFL Group; Mr. Sanjeev Agarwal, CEO, Inox Wind; Mr. S. K. Mathu Sudhana, CEO, Inox Green, and other senior management of both companies.
I will now hand over the call to the management for their initial remarks after which we will open the floor for Q&A session. Thank you so much, sir, for your kind
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
