Renewable Energy Solutions Provider Inox Wind Ltd Reported a 34 Per Cent Year-on-year Decline in First-quarter Consolidated Net Profit

The company said operations remained resilient after its strategic pivot towards an equipment supply-led business model, the benefits of which are expected to start reflecting from third quarter onwards. Renewable energy solutions provider Inox Wind Ltd reported a 34 per cent year-on-year decline in first-quarter consolidated net profit. Consolidated profit after tax stood at ₹64 crore for the April-June quarter, compared with ₹97 crore a year earlier.

Revenue from operations declined 1.4 per cent to ₹814 crore from ₹826 crore in the corresponding quarter last year. Despite the weaker quarterly performance, the company said operations remained resilient during the transition and reiterated that the strategic shift is aimed at improving financial robustness and delivering long-term benefits. In its investor presentation, Inox Wind said it has a well-diversified order book of around 4.4 GW as of July 2026, comprising orders from independent power producers, public sector companies, commercial and industrial customers, and retail clients.

Its customer base includes NTPC, CESC, NLC India, Aditya Birla Group, Amplus/Gentari, Hero Future Energies and Inox Clean, among others. The company also highlighted a 1.5 GW memorandum of understanding with Inox Clean for the supply of wind turbines. Under the arrangement, it has already signed a firm agreement for the first tranche of 500 MW, valued at up to ₹3,500 crore, and expects recurring turnkey orders from the group over the coming years.

Inox Wind also said the demerger of the power evacuation business from Inox Green into Inox Renewable Solutions Ltd (IRSL) was completed with August 1, 2026 as the record date. IRSL will be listed on the stock exchanges after receiving the required statutory approvals.