Q2 2026 Inox Wind Ltd Earnings Call Transcript
Key Points
- Inox Wind Ltd (BOM:539083) reported its best-ever Q2 performance, with a revenue increase of 56% year-over-year, reaching INR 1,162 crores.
- The company achieved an EBITDA of INR 271 crores, marking a 48% increase year-over-year, and a PAT of INR 121 crores, up by 43% year-over-year.
- Inox Wind Ltd (BOM:539083) has a strong and diversified order book of over 3.2 gigawatts, providing execution visibility for the next 18 to 24 months.
- The company is expanding its manufacturing presence in South India, which will enhance access to large sites in Karnataka and Tamil Nadu.
- Inox Green, a subsidiary of Inox Wind Ltd (BOM:539083), reported a 101% year-over-year increase in total income, and is on track to become the largest renewable O&M player in India.
- The quarter was substantially impacted by monsoons, affecting execution timelines.
- There is a concern about the sustainability of order inflows compared to the sector leader, despite having a thick pipeline.
- The company faces challenges in achieving its ambitious execution targets for H2, given that only 30% of the annual target was achieved in H1.
- There are potential risks associated with the cancellation of projects without PPAs, although Inox Wind Ltd (BOM:539083) claims no direct impact.
- Inflationary pressures on materials like aluminum and copper could impact margins, although the company has measures in place to mitigate this.
Ladies and gentlemen, good day, and welcome to Inox Wind and Inox Green Energy Services Limited Q2 and H1 FY26 earnings conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you, and over to you, sir.
Good evening. On behalf of ICICI Securities, I welcome you all to the Q2 FY26 earnings call of Inox Wind and Inox Green Energy Services. For today's call, we have with us Mr. Devansh Jain, Executive Director, Inox GFL Group; Mr. Akhil Jindal, Group CFO, Inox GFL Group; Mr. Sanjeev Agarwal, CEO, Inox Wind; Mr. S.K. Mathusudhana, CEO, Inox Green; and other senior members of the management.
I will now hand over the call to the management for the initial remarks, after which we open the floor for the Q&A session. Thank you, and over to you, sir.
Thank you so
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