Inox Wind Ltd.
INOXWINDIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
16 transcript(s)/analyst meet(s) served; 7 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 16 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190314 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190531 | 2019-03-31 | yes | |
| COVER_LETTER | 20230527 | 2023-03-31 | no | |
| COVER_LETTER | 20230602 | 2023-03-31 | no | |
| COVER_LETTER | 20230807 | 2023-06-30 | no | |
| TRANSCRIPT | 20231103 | 2023-09-30 | yes | |
| COVER_LETTER | 20240216 | 2023-12-31 | no | |
| COVER_LETTER | 20240509 | 2024-03-31 | no | |
| COVER_LETTER | 20240814 | 2024-06-30 | no | |
| COVER_LETTER | 20241101 | 2024-09-30 | no | |
| TRANSCRIPT | 20250206 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250908 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251120 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260219 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260602 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260812 | 2026-06-30 | yes |
INOXWIND
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 73.09 |
| 52-week range | 69.5 – 157.25 |
| Return 1M | -0.88% |
| Return 3M | -18.35% |
| Return 1Y | -49.35% |
| Return 3Y | 52.11% |
| Return 5Y | 185.37% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 814.00 |
| Other income | 58.00 |
| Total income | 872.00 |
| Cost of materials consumed | 446.00 |
| Purchases of stock-in-trade | 15.00 |
| Changes in inventories | -77.00 |
| Employee benefit expense | 50.00 |
| Finance costs | 57.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.44 | 0.00 |
| institutions foreign | 0.15 | -0.00 |
| institutions domestic | 0.10 | -0.01 |
| mutual funds | 0.09 | -0.01 |
| public | 0.56 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2024-09-30 | 7 |
| TRANSCRIPT | 2026-06-30 | 9 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 107.00 | 226.00 | 193.00 | 349.00 | 371.00 | 503.00 | 528.00 | 639.00 | 732.00 | 911.00 | 1,275.00 | 826.00 | 1,119.00 | 1,207.00 | 1,244.00 | 814.00 |
| Other income | 5.00 | 3.00 | 4.00 | 4.00 | 14.00 | 3.00 | 35.00 | 12.00 | 10.00 | 82.00 | 36.00 | 36.00 | 43.00 | 31.00 | 61.00 | 58.00 |
| Total income | 112.00 | 229.00 | 197.00 | 352.00 | 384.00 | 507.00 | 563.00 | 651.00 | 742.00 | 994.00 | 1,311.00 | 863.00 | 1,162.00 | 1,238.00 | 1,306.00 | 872.00 |
| Cost of materials consumed | 106.00 | 138.00 | 117.00 | 191.00 | 236.00 | 284.00 | 328.00 | 344.00 | 399.00 | 556.00 | 755.00 | 397.00 | 659.00 | 613.00 | 560.00 | 446.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 38.00 | 38.00 | 52.00 | 35.00 | 15.00 |
| Changes in inventories | -44.00 | 8.00 | -17.00 | 35.00 | -15.00 | 10.00 | -36.00 | 55.00 | 12.00 | -4.00 | -43.00 | 38.00 | -74.00 | 1.00 | 73.00 | -77.00 |
| Employee benefit expense | 21.00 | 23.00 | 24.00 | 26.00 | 26.00 | 27.00 | 31.00 | 31.00 | 41.00 | 46.00 | 51.00 | 44.00 | 56.00 | 51.00 | 57.00 | 50.00 |
| Finance costs | 94.00 | 94.00 | 70.00 | 70.00 | 64.00 | 63.00 | 57.00 | 58.00 | 44.00 | 37.00 | 35.00 | 34.00 | 51.00 | 50.00 | 65.00 | 57.00 |
| Depreciation and amortisation | 26.00 | 26.00 | 29.00 | 29.00 | 26.00 | 28.00 | 30.00 | 42.00 | 44.00 | 47.00 | 48.00 | 49.00 | 51.00 | 53.00 | 52.00 | 59.00 |
| Other expenses | 47.00 | 232.00 | 99.00 | 66.00 | 76.00 | 90.00 | 104.00 | 73.00 | 108.00 | 106.00 | 258.00 | 126.00 | 212.00 | 208.00 | 320.00 | 227.00 |
| Total expenses | 251.00 | 522.00 | 321.00 | 416.00 | 413.00 | 501.00 | 512.00 | 603.00 | 648.00 | 787.00 | 1,103.00 | 725.00 | 993.00 | 1,029.00 | 1,162.00 | 777.00 |
| Profit before exceptional items and tax | -138.00 | -293.00 | -124.00 | -63.00 | -28.00 | 5.00 | 51.00 | 48.00 | 94.00 | 206.00 | 208.00 | 138.00 | 169.00 | 209.00 | 144.00 | 95.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -14.00 | 0.00 | 0.00 | -13.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -138.00 | -293.00 | -124.00 | -63.00 | -28.00 | 5.00 | 37.00 | 48.00 | 94.00 | 193.00 | 208.00 | 138.00 | 169.00 | 209.00 | 144.00 | 95.00 |
| Current tax | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Deferred tax | -5.00 | -5.00 | -5.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 4.00 | 80.00 | 16.00 | 40.00 | 49.00 | 83.00 | 38.00 | 31.00 |
| Tax expense | -5.00 | -5.00 | -4.00 | 1.00 | 1.00 | 2.00 | -1.00 | 1.00 | 4.00 | 81.00 | 17.00 | 40.00 | 49.00 | 83.00 | 38.00 | 31.00 |
| Profit for the period | -134.00 | -288.00 | -119.00 | -65.00 | -27.00 | 2.00 | 37.00 | 50.00 | 90.00 | 112.00 | 190.00 | 97.00 | 121.00 | 127.00 | 106.00 | 64.00 |
| Profit attributable to owners | -133.00 | -287.00 | -118.00 | -64.00 | -24.00 | 1.00 | 47.00 | 52.00 | 93.00 | 117.00 | 187.00 | 106.00 | 92.00 | 117.00 | 91.00 | 44.00 |
| Profit attributable to non-controlling interests | -1.00 | -1.00 | -2.00 | -1.00 | -2.00 | 1.00 | -10.00 | -1.00 | -3.00 | -5.00 | -1.00 | -9.00 | 29.00 | 9.00 | 14.00 | 20.00 |
| Other comprehensive income | 0.00 | 0.00 | 2.00 | -0.00 | 1.00 | -1.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| Total comprehensive income | -133.00 | -288.00 | -118.00 | -65.00 | -26.00 | 1.00 | 37.00 | 50.00 | 90.00 | 111.00 | 190.00 | 97.00 | 120.00 | 127.00 | 106.00 | 64.00 |
| Earnings per share, basic | -4.83 | -10.38 | -3.66 | -1.99 | -0.83 | 0.06 | 1.13 | 1.63 | 0.71 | 0.89 | 1.15 | 0.60 | 0.70 | 0.73 | 0.61 | 0.37 |
| Earnings per share, diluted | -4.83 | -10.38 | -3.66 | -1.99 | -0.83 | 0.06 | 1.13 | 1.63 | 0.71 | 0.89 | 1.15 | 0.60 | 0.70 | 0.73 | 0.61 | 0.37 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,437.00 | 760.00 | 711.00 | 625.00 | 737.00 | 1,743.00 | 3,557.00 | 4,397.00 |
| Other income | 17.00 | 24.00 | 73.00 | 84.00 | 14.00 | 56.00 | 144.00 | 172.00 |
| Total income | 1,454.00 | 784.00 | 783.00 | 708.00 | 751.00 | 1,799.00 | 3,702.00 | 4,569.00 |
| Cost of materials consumed | 883.00 | 180.00 | 282.00 | 391.00 | 512.00 | 1,038.00 | 2,054.00 | 2,228.00 |
| Purchases of stock-in-trade | 0.00 | 115.00 | 140.00 | 39.00 | 0.00 | 0.00 | 0.00 | 168.00 |
| Changes in inventories | -46.00 | -29.00 | 34.00 | -41.00 | -22.00 | -7.00 | 20.00 | 38.00 |
| Employee benefit expense | 94.00 | 90.00 | 93.00 | 85.00 | 89.00 | 109.00 | 170.00 | 209.00 |
| Finance costs | 169.00 | 244.00 | 255.00 | 283.00 | 341.00 | 248.00 | 169.00 | 200.00 |
| Depreciation and amortisation | 66.00 | 80.00 | 88.00 | 89.00 | 106.00 | 110.00 | 182.00 | 204.00 |
| Other expenses | 350.00 | 534.00 | 323.00 | 462.00 | 415.00 | 334.00 | 556.00 | 862.00 |
| Total expenses | 1,516.00 | 1,214.00 | 1,216.00 | 1,308.00 | 1,441.00 | 1,833.00 | 3,151.00 | 3,910.00 |
| Profit before exceptional items and tax | -62.00 | -430.00 | -433.00 | -600.00 | -689.00 | -34.00 | 550.00 | 659.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -14.00 | -13.00 | 0.00 |
| Profit before tax | -62.00 | -430.00 | -433.00 | -600.00 | -689.00 | -47.00 | 537.00 | 659.00 |
| Current tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 1.00 | 1.00 |
| Deferred tax | -22.00 | -150.00 | -152.00 | -170.00 | -19.00 | 4.00 | 100.00 | 209.00 |
| Tax expense | -22.00 | -150.00 | -152.00 | -170.00 | -18.00 | 4.00 | 102.00 | 210.00 |
| Profit for the period | -40.00 | -279.00 | -307.00 | -430.00 | -671.00 | -53.00 | 438.00 | 449.00 |
| Profit attributable to owners | -40.00 | -280.00 | -306.00 | -427.00 | -667.00 | -40.00 | 448.00 | 405.00 |
| Profit attributable to non-controlling interests | -0.00 | 0.00 | -2.00 | -2.00 | -4.00 | -12.00 | 11.00 | 44.00 |
| Other comprehensive income | 1.00 | 1.00 | 0.00 | 1.00 | 2.00 | 0.00 | -1.00 | 0.00 |
| Total comprehensive income | -39.00 | -278.00 | -307.00 | -429.00 | -669.00 | -53.00 | 437.00 | 449.00 |
| Earnings per share, basic | -1.80 | -12.59 | -13.84 | -19.37 | -20.58 | -1.63 | 2.77 | 2.65 |
| Earnings per share, diluted | -1.80 | -12.59 | -13.84 | -19.37 | -20.58 | -1.63 | 2.77 | 2.65 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 6,020.00 | 6,083.00 | 6,382.00 | 6,795.00 | 8,358.00 | 8,795.00 | 10,005.00 | 12,068.00 |
| Non-current assets | 2,776.00 | 2,995.00 | 2,765.00 | 3,456.00 | 3,673.00 | 3,775.00 | 3,922.00 | 4,456.00 |
| Current assets | 3,244.00 | 3,088.00 | 3,328.00 | 3,059.00 | 4,395.00 | 5,020.00 | 6,083.00 | 7,612.00 |
| Property, plant and equipment | 1,366.00 | 1,569.00 | 1,247.00 | 1,494.00 | 1,636.00 | 1,980.00 | 2,092.00 | 2,490.00 |
| Capital work-in-progress | 135.00 | 123.00 | 210.00 | 266.00 | 263.00 | 296.00 | 402.00 | 247.00 |
| Goodwill | 0.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Other intangible assets | 42.00 | 39.00 | 91.00 | 308.00 | 300.00 | 300.00 | 287.00 | 259.00 |
| Inventories | 1,015.00 | 1,130.00 | 1,142.00 | 1,245.00 | 1,457.00 | 1,352.00 | 1,455.00 | 1,790.00 |
| Trade receivables | 1,057.00 | 827.00 | 1,081.00 | 1,137.00 | 1,487.00 | 2,688.00 | 3,271.00 | 4,250.00 |
| Cash and cash equivalents | 22.00 | 22.00 | 7.00 | 12.00 | 361.00 | 21.00 | 50.00 | 131.00 |
| Total equity and liabilities | 6,020.00 | 6,083.00 | 6,382.00 | 6,795.00 | 8,358.00 | 8,795.00 | 10,005.00 | 12,068.00 |
| Equity | 1,835.00 | 2,261.00 | 2,152.00 | 2,192.00 | 3,231.00 | 5,606.00 | 7,254.00 | 7,692.00 |
| Equity share capital | 277.00 | 326.00 | 326.00 | 326.00 | 1,304.00 | 863.00 | 1,881.00 | 1,728.00 |
| Other equity | 1,519.00 | 1,410.00 | 1,323.00 | 1,371.00 | 1,365.00 | 4,184.00 | 4,792.00 | 4,654.00 |
| Total liabilities | 4,184.00 | 3,822.00 | 4,230.00 | 4,603.00 | 5,127.00 | 3,189.00 | 2,750.00 | 4,376.00 |
| Non-current liabilities | 963.00 | 981.00 | 769.00 | 342.00 | 140.00 | 134.00 | 154.00 | 586.00 |
| Current liabilities | 3,221.00 | 2,840.00 | 3,279.00 | 4,092.00 | 4,812.00 | 3,055.00 | 2,596.00 | 3,790.00 |
| Borrowings, non-current | 752.00 | 897.00 | 689.00 | 268.00 | 56.00 | 2.00 | 1.00 | 275.00 |
| Borrowings, current | 1,133.00 | 1,485.00 | 2,037.00 | 2,980.00 | 3,476.00 | 1,464.00 | 1,102.00 | 1,276.00 |
| Trade payables | 709.00 | 606.00 | 597.00 | 605.00 | 765.00 | 1,065.00 | 925.00 | 1,190.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -272.00 | -1,099.00 | -209.00 | -147.00 | 23.00 | 138.00 | -420.00 | -598.00 |
| Net cash from investing activities | — | 231.00 | -167.00 | -740.00 | -1,073.00 | -406.00 | -259.00 | -850.00 |
| Net cash from financing activities | — | 824.00 | 361.00 | 878.00 | 1,399.00 | 277.00 | 708.00 | 1,558.00 |
| Purchase of property, plant and equipment | — | 388.00 | 150.00 | 751.00 | 211.00 | 620.00 | 304.00 | 649.00 |
| Net increase in cash | -272.00 | -45.00 | -15.00 | -9.00 | 349.00 | 21.00 | 29.00 | 110.00 |
| con:CFO.BEFORE_TAX | -272.00 | -1,105.00 | -208.00 | -132.00 | 16.00 | 144.00 | -414.00 | -581.00 |
| con:INTEREST_RECEIVED.OPERATING | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.00 |
| con:INTEREST_PAID.OPERATING | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | — | -6.00 | 0.00 | 15.00 | -6.00 | 6.00 | 7.00 | 25.00 |
| con:CF_OTHER.OPERATING | — | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 473.00 | 0.00 |
| con:INVESTMENTS_SOLD | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 496.00 | 0.00 |
| con:PPE_DISPOSALS | — | 0.00 | 0.00 | 24.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | — | 33.00 | 0.00 | 0.00 | 0.00 | 1,673.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | — | 0.00 | 0.00 | 110.00 | 0.00 | 1,531.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-12-31 | 2024-03-31 | 2024-05-27 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-24 | 2025-06-30 | 2025-08-21 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 52.87 | 52.87 | 52.87 | 48.27 | 48.27 | 48.27 | 48.27 | 44.18 | 44.18 | 44.18 | 0.44 | 0.44 | 0.44 | 0.44 |
| Domestic institutions | 9.97 | 10.27 | 9.22 | 9.87 | 9.25 | 9.81 | 9.44 | 9.11 | 9.12 | 9.75 | 0.10 | 0.10 | 0.11 | 0.10 |
| Mutual funds | — | — | — | — | — | — | — | 6.99 | 6.98 | 7.59 | 0.08 | 0.10 | 0.10 | 0.09 |
| Insurance companies | 0.16 | 0.02 | 0.02 | 0.13 | 0.02 | 0.29 | 0.08 | 0.09 | 0.12 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 9.49 | 9.46 | 10.33 | 13.37 | 15.82 | 15.26 | 15.67 | 13.70 | 13.77 | 13.46 | 0.13 | 0.14 | 0.15 | 0.15 |
| Government | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 47.13 | 47.13 | 47.13 | 51.73 | 51.73 | 51.73 | 51.73 | 55.82 | 55.82 | 55.82 | 0.56 | 0.56 | 0.56 | 0.56 |
| Non-institutional | 27.66 | 27.39 | 27.58 | 28.49 | 26.66 | 26.66 | 26.61 | 33.01 | 32.93 | 32.62 | 0.33 | 0.31 | 0.30 | 0.31 |
| Shares outstanding | 325948496 | 325948496 | 1303793984 | 1303793984 | 1303793984 | 1303793984 | 1303793984 | 1624127110 | 1624127110 | 1728237822 | 1728237822 | 1728237822 | 1728237822 | 1728237822 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Inox Wind Limited | Holding Company | Any other transaction, Interest paid, Interest recei | 47,049,153,000.00 | 27 |
| Resco Global Wind Services Private Limited | Wholly Owned Subsidiary Company | Any other transaction, Inter-corporate deposit, Inte | 45,235,282,000.00 | 16 |
| Inox Wind Energy Limited | Promoter Company | Any other transaction, Interest paid | 12,761,918,000.00 | 10 |
| Inox Green Energy Services Limited | Subsidiary Company | Any other transaction, Inter-corporate deposit, Inte | 7,158,542,000.00 | 16 |
| Tempest Wind Energy Private Limited | Step down Subsidiary | Any other transaction, Inter-corporate deposit, Inte | 3,565,470,000.00 | 5 |
| IGREL Renewables Limited | a company controlled and owned by | Any other transaction, Sale of goods or services | 3,039,464,000.00 | 4 |
| Inox Leasing and Finance Limited | Promoter Group | Any other transaction, Interest paid | 1,615,164,000.00 | 6 |
| Gujarat Fluorochemicals Limited | A Group Company controlled by the | Any other transaction, Interest paid, Sale of goods | 1,010,119,000.00 | 17 |
| Shri Devansh Jain | Whole-time Director | Any other transaction | 870,500,000.00 | 1 |
| Nani Virani Wind Energy Private Limited | Step down Subsidiary | Any other transaction, Sale of goods or services | 100,775,000.00 | 4 |
| Nani Virani Wind Energy Private Limited | wholly owned subsidiary company | Any other transaction, Inter-corporate deposit, Inte | 35,684,000.00 | 5 |
| Various Directors & KMP | Various Directors & KMP | Any other transaction | 26,749,000.00 | 1 |
| I-Fox Windtechnik India Private Limited | Subsidiary Company | Inter-corporate deposit, Interest received, Purchase | 23,198,000.00 | 4 |
| Marut Shakti Energy India Limited | Step down Subsidiary | Any other transaction, Interest received | 17,745,000.00 | 7 |
| RBRK Investments Limited | Step down Subsidiary | Any other transaction, Inter-corporate deposit, Inte | 14,007,000.00 | 8 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-12 | Q1FY27 | GFL GROUP, is being recorded., – INOX WIND | Read the call |
| 2026-06-02 | Q4FY26 | INOXGFL GROUP, INSTITUTIONAL, OFFICER – INOX GREEN | Read the call |
| 2026-02-19 | Q3FY26 | INSTITUTIONAL SECURITIES LIMITED, SERVICES LIMITED | Read the call |
| 2025-11-20 | Q2FY26 | INOXGFL GROUP | Read the call |
| 2025-09-08 | Q1FY26 | INOXGFL GROUP | Read the call |
| 2025-02-06 | Q3FY25 | GFL GROUP, INOX WIND LIMITED | Read the call |
| 2023-11-03 | Q2FY24 | INOXGFL GROUP | Read the call |
| 2019-05-31 | Q4FY19 | GROUP, JITENDRA, LIMITED, WIND LIMITED | Read the call |
| 2019-03-14 | Q3FY19 | INOX WIND LIMITED, LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q1FY27 | Q2FY24 | Q2FY26 | Q3FY19 | Q3FY25 | Q3FY26 | Q4FY19 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Besides our inorganic efforts, we believe Green will be one of the biggest beneficiaries of the growth coming from the annual capacity additions of ap… | We don’t intend to set up any CAPEX-heavy investments in any of the operating companies. | — | — | So what will be the capex outlay that one could factor in for FY '26? | With India's power sector poised to deliver its best-ever annual capacity addition figure in Financial Year ‘26 and moving towards 10 gigawatt annual … | In terms of manufacturing capacity, our blade manufacturing capacity stands at 1600 megawatt and with minor capex we can debottleneck our nacelle and … | — |
| Capital allocation | Coming to INOX Green, we have received the approval from Hon'ble NCLT Ahmedabad for the acquisition of Wind World India Limited. | — | — | — | And the last question was just broadly seeing on the industry point of view, we see that there are some challenges on the land acquisition and the eva… | — | — | The acquisition of 4.5 gigawatt is still on waiting for NCLT clearances, right, if I'm not wrong. |
| Debt and cash | And wouldn't it better if we raise debt in that and clear the same from the assured cash flow rather than equity dilution? | We will have the supplies of our 3.3 mega turbines and complete the action on the strategic front to achieve a net debt free status. | — | We are moving towards an efficient working capital cycle under the auctioning regime. | — | So going forward, we are anyway planning that so that at the same time we have a judicious control over our working capital and inventory also. | At the end of Q4 FY2019 in terms of working capital, inventory stood at Rs.944 Crores, net receivable at Rs.1261 Crores, payable at Rs.889 Crores; and… | But we think this is the right strategy for the company because that ensures longevity of the business, ensures significant free cash flow and it ensu… |
| Demand | As of July '26, the share of equipment supply in our order book stood at approximately 59% with the balance 41% being turnkey. | The earlier policy had imposed a cap at 50% of the contracted demand. | I would say at this point in time, we have an excess of 3 gigawatts of tender pipeline among multiple sectors which I just explained. | And second thing is the Rs.7200 Crores order book that you talked about. | Demand for the C&I segment, which is over and above those figures, continues to gain pace. | Our order book has changed substantially over the past year from being largely turnkey to 50-50 turnkey and equipment supply currently. | I would like to spend some more time in talking to you about competitive intensity, technology, order book, industry and how we see going forward. | Sanjeev, my first question is regarding the execution of order book. |
| Guidance | Then in the next 3 quarters, we need 100% increase to match the guidance. | Net order book representing 1,276 megawatts provides us with a solid outlook for the future. | So, my first question is, like you have raised Financial ‘26 EBITDA your margin guidance to 18%-19%. | Post commissioning of central grid infrastructure, we expect increased realization from receivables. | Given our large and well-diversified order book of 3.3 gigawatts and the multiple negotiation and bids for new orders, we are very confident of achiev… | For FY '26, we expect to achieve a consolidated revenue of over INR 5,000 crore, translating to over 35% Y-o-Y growth. | Going ahead we expect inventory levels to come down as the execution picks up pace in the coming quarter. | The assets which have been taken over by Inox Green as an investment, can the management guide on the EBITDA profile or the margin profile on the same… |
| Margin | I'm pleased to inform in quarter 1 FY27 on a consol basis, INOX Wind has reported a revenue of INR872 crores, adjusted EBITDA of INR237 crores, PBT of… | Continuing our ongoing financial turnaround trajectory, I am delighted to announce that we have achieved cash profit in Quarter 2 following its break-… | I don't think it's right to keep coming back to us and asking us for margin upgrade every quarter. | So what is the steady-state margin that we can expect going forward, let us say 900-megawatt yearly execution is done? | EBITDA for the quarter was INR290 crores – versus INR99 crores in Q3 FY '24, which is an increase of 192% Y-o-Y, which is the highest ever Q3 EBITDA i… | I will first brief you on the financial achievements of Inox Green during the quarter before moving to other aspects: During Q3 FY '26, Inox Green rep… | In terms of financial results for the year, we ended FY2019 with consolidated revenue of Rs.1437 Crores as compared to Rs.480 Crores in the previous y… | So your questions on the two acquisitions, which will roughly contribute a 50% EBITDA margin, because both are all the previous OEMs with the substati… |
| People | — | The SPV which you sold to the promoter company, has that money been received and what would be the utilization of that? | — | — | — | — | — | — |
| Pricing | — | Under this policy, a single rate will be calculated for each category of central pool energy sources such as wind, solar, hydro, hybrid, and real-time… | — | So, we will probably have a little bit on the turbine pricing moving up. | — | — | So I was just doing a simple mathematics out here, so per megawatt realizations comes to lesser than Rs.6 Crores, so is this something that we are see… | — |
| Revenue growth | The growth at our group company, INOX Clean, will lead to larger orders for INOX Wind, INOX Green as well as INOX Renewable Solutions. | 1) What’s going to happen is by end of the financial year, the inventory will reflect the 60 odd days of inventory we carry as well for goods as well … | — | — | — | How shall we look at revenue growth post FY '27? | In terms of the year gone by and talking of the financial numbers, we have seen a significant year-on- year turnaround in topline and EBITDA margins o… | — |