How much did Inox Wind grow in FY26?

Consolidated revenue grew 23.6% year-on-year to ₹4,397 crore. Net profit for the year was ₹449 crore.

What does the EBITDA figure indicate about margins?

EBITDA rose 15.8% to ₹1,063 crore. The slower growth rate versus revenue suggests costs are rising as the company executes on a larger order book.

Is this the company's first year of profit?

No. The results mark a continued turnaround, with the company sustaining profitability from prior loss-making periods.

What did the auditors say about the numbers?

The statutory auditors issued an unmodified opinion on both the standalone and consolidated financial statements for FY26.

Earnings · Electric Equipment · Mid cap

Inox Wind's FY26 profit holds at ₹449 cr as revenue climbs 23.6%

The wind-turbine maker sustained its turnaround with a second year of profit. Revenue rose to ₹4,397 crore on better project execution.

— 1 earlier story on Inox Wind Ltd. →

INOXWIND By Tipsheet Editorial 29 May 2026 · 5:52 PM IST Verify on BSE · NSE

Mkt cap₹16,076 cr

P/E31.72×

ROE8.88%

Debt / eq.0.29

₹449 cr Full-year consolidated net profit

What's new

Inox Wind reported FY26 consolidated revenue of ₹4,397 crore, up 23.6% year-on-year.
Net profit came in at ₹449 crore, sustaining its turn from prior losses.
EBITDA grew 15.8% to ₹1,063 crore, driven by better project execution.

Why this matters

The results confirm a durable turn to profitability in a capital-intensive business. The lag in EBITDA growth versus revenue growth is the key signal: costs are rising as the company scales.

What we're watching

Whether EBITDA margins can expand as execution on the large order book continues.
The company's plan to maintain profitability through the next capex cycle.
How balance-sheet lightness holds up as the revenue base grows.

The full read

Inox Wind delivered ₹4,397 crore in revenue last year, growing 23.6% and, more importantly, posting a ₹449 crore net profit. That makes two consecutive years of profitability after a history of losses. EBITDA grew a slower 15.8% to ₹1,063 crore, which hints at cost pressures as the company executes a large order book. The auditors signed off with an unmodified opinion. The headline here is the sustained turn to profit. The margin gap between revenue and EBITDA growth is the number to watch.

Questions answered

How much did Inox Wind grow in FY26?: Consolidated revenue grew 23.6% year-on-year to ₹4,397 crore. Net profit for the year was ₹449 crore.
What does the EBITDA figure indicate about margins?: EBITDA rose 15.8% to ₹1,063 crore. The slower growth rate versus revenue suggests costs are rising as the company executes on a larger order book.
Is this the company's first year of profit?: No. The results mark a continued turnaround, with the company sustaining profitability from prior loss-making periods.
What did the auditors say about the numbers?: The statutory auditors issued an unmodified opinion on both the standalone and consolidated financial statements for FY26.

Mentioned: Inox Wind Ltd. · FY2026 results · ₹449 cr net profit

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

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29 May 2026 · 5:52 PM IST Inox Wind's FY26 profit holds at ₹449 cr as revenue climbs 23.6%
1d ago Inox Wind missed its own FY26 target. Now it's guiding for 75% growth.