Inox Wind Limited (INOXWIND) Earnings Call Transcripts

Inox Wind Limited's Latest Earnings Call - Q4 FY2026

Inox Wind Limited reported Q4 FY '26 results with consolidated revenues of INR 1,306 crores, flat year-over-year, and a PAT of INR 106 crores. The company signaled a strong outlook for FY '27, expecting revenue growth of approximately 75% and an EBITDA margin of 20-22%. Management emphasized the strategic pivot towards equipment supply, which is expected to enhance cash flow and reduce working capital issues, positioning the company favorably amidst ongoing geopolitical challenges.

Reported metrics

Guidance from management

Management expects consolidated revenue to grow by around 75% over FY '26, with EBITDA margins projected at 20-22%. They emphasized a focus on equipment supply to enhance cash flow and reduce working capital issues.

What management said

Thank you, Sudhanshu. Good evening, everyone, and welcome to the Quarter 4 FY '26 Earnings Call of Inox Wind and Inox Green Energy. As many of you may know already, I have recently joined Inox Wind as Head of Investor Relations. Let me introduce the management team on the call with us. So we have Mr. Devansh Jain, Executive Director, Inox GFL Group; Mr. Kailash Tarachandani, Group CEO, Renewables business, Inox GFL G...

Let me -- this is Madhu, let me answer for Inox Green first. So your question. [Audio Gap] which will roughly contribute a 50% EBITDA margin because both are all the previous OEMs with the substations and all those evacuation systems. So this gives a similar EBITDA margin, which is roughly 50%. Second, for the projection of FY '27, we have already guided it will be north of INR 600 crores. And let me hand over t...

What analysts pressed on

Analysts expressed concerns regarding the company's ability to meet previous guidance and the impact of geopolitical tensions on execution. Questions were raised about the transition to equipment supply and its implications for margins and working capital management.

Main topics on the call

• Revenue Performance — In Q4 FY '26, Inox Wind's revenue remained flat at INR 1,306 crores compared to the previous year. Management noted, 'We have been able to deliver a strong quarter despite the prevailing geopolitical tensions.'
• Order Book and Execution Visibility — The company reported a diversified order book of 3.1 gigawatts, with expectations to add more orders soon. Management stated, 'This provides us execution visibility of more than 24 months.'
• Strategic Shift to Equipment Supply — Inox Wind is transitioning its order mix to focus on equipment supply, with plans to increase this to 75-80%. Sanjeev Agarwal mentioned, 'We wanted to ensure that we focus on large free cash flows rather than spend too m...
• Guidance for FY '27 — Management provided guidance for FY '27, expecting revenue to grow by 75% and EBITDA margins to reach 20-22%. They stated, 'We expect to receive large recurring order inflows from our group company, Inox Clean Energy ove...

Read the full Inox Wind Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 20 Inox Wind Limited earnings call transcripts on record, spanning February 7, 2020 to August 7, 2026. Based on this history, Inox Wind Limited reports semi-annually. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

INOXWIND

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Electrical Equipment

Calls on record

20

First call

February 7, 2020

Most recent

August 7, 2026

Reporting cadence

semi-annually