Inox Wind Q1 FY27: Holding Steady While Shifting to Equipment Supply

Consolidated total income was 872 crore, EBITDA was 237 crore, PBT was 95 crore and PAT was 64 crore for Q1 FY27, as per the earnings presentation and opening remarks on the call.

Management reiterated FY27 revenue growth guidance of 75% over FY26 and consolidated EBITDA margin guidance of 20% to 22%. The presentation notes this guidance includes other income.

The company stated an order book of about 4.4 GW as of July 2026. The presentation shows order book scope mix of 41% turnkey and 59% equipment supply, and customer mix of 53% auction, 38% C&I and 9% PSU.

Management stated the first 4X prototype installation is planned in August 2026, with commercial activity expected about a month later. The investor deck also states commercial launch of 4X MW within calendar 2026.

Management said NCLT approval has been received and transaction formalities are expected to complete in Q2 FY27, after which consolidation will take place. Wind World India’s O&M portfolio is stated at about 4.5 GW and FY26 O&M revenue at 580 crore.

Management stated 80% to 90% of wind turbine components are already indigenized and they aim to be almost 100% by end of calendar year 2026, positioning this as an advantage under ALMM compared with less localized players.