Inox Wind Delivers Rs 1,238 Crore Revenue in Q3 with 25.2 Percent EBITDA Margin

Devansh Jain, Executive Director of INOXGFL Group, says renewable businesses are positioned to scale alongside expanding O and M portfolio

Mumbai, February 16, 2026: Inox Wind Limited announced its financial results for the quarter ended December 31, 2025, reporting its highest quarterly revenue and operating profit to date.
Consolidated total income for Q3 FY26 stood at Rs 1,238 crore compared to Rs 995 crore in the corresponding quarter last year. Consolidated EBITDA was Rs 313 crore, up from Rs 226 crore, translating into an EBITDA margin of 25.2 percent. Profit before tax for the quarter was Rs 209 crore compared to Rs 130 crore in Q3 FY25. Profit after tax stood at Rs 127 crore after accounting for a deferred tax charge of Rs 83 crore during the quarter. Cash profit after tax was Rs 262 crore.

For the nine month period ended December 31, 2025, consolidated total income reached Rs 3,263 crore compared to Rs 2,391 crore in the previous year period. EBITDA for the nine months was Rs 804 crore. Profit before tax stood at Rs 516 crore, while profit after tax was Rs 345 crore. Cash profit after tax for the nine month period was Rs 668 crore.
Execution during Q3 FY26 was 252 MW compared to 189 MW in Q3 FY25. The company’s order book stands at approximately 3.2 GW. Order inflows during FY26 to date are around 600 MW, including projects from Aditya Birla, Amplus Gentari, Jakson and First Energy.

The scheme of demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions is in the final stages of hearing before the National Company Law Tribunal, Ahmedabad. Upon approval and completion of the merger, Inox Renewable Solutions will be listed on stock exchanges.
For FY26, the company has guided consolidated revenue of more than Rs 5,000 crore with EBITDA margin in the range of 20 to 22 percent. For FY27, consolidated revenue is expected to grow by around 75 percent over FY26 with EBITDA margin in the range of 20 to 22 percent.

Devansh Jain, Executive Director, INOXGFL Group, said, “At INOXGFL Group, all our renewable companies are primed for massive growth in the years ahead. I believe Inox Wind will continue to deliver strong performance and execution, while the large-scale O&M portfolio expansion of Inox Green further adds to consolidated profitability.”
Kailash Tarachandani, Group CEO, Renewables Business, INOXGFL Group, added, “Another set of strong quarterly results in Q3 FY26 has set Inox Wind on course to deliver its best-ever annual financial performance in FY26.”

Sanjeev Agarwal, CEO, Inox Wind, said, “We have been able to deliver robust growth in Q3 FY26 despite on-ground challenges impacting offtake from some of our customers.”
Inox Wind Limited is part of the INOXGFL Group and operates as an integrated wind energy solutions provider with manufacturing facilities in Gujarat, Madhya Pradesh and Himachal Pradesh.

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