Inox Wind posts ₹190 cr net profit in Q4 FY25

Inox Wind’s order execution increased by 83% y-o-y to 236 megawatt
| Photo Credit:
lakshmiprasad S

Inox Wind Ltd (IWL) on Friday reported a multi-fold jump in its consolidated net profit at ₹190.34 crore during Q4 FY25 led by higher order execution and revenue growth.

Its consolidated revenue grew 130 per cent y-o-y to ₹1,311 crore during the March quarter in the last financial year.

Order execution increased by 83 per cent y-o-y to 236 megawatt (MW), with order book at around 3.2 gigawatt (GW) at the end of FY25, IWL said.

Further, consequent to the approval of the scheme of arrangement (merger) between Inox Wind Energy & IWL by the NCLT, Chandigarh Bench, the liabilities on IWL’s balance sheet reduces substantially, by around ₹2,050 crores, strengthening IWL’s robust balance sheet further, it added.

Devansh Jain, Executive Director at INOXGFL Group, said, “With the strong and favourable macroeconomic environment for the Indian renewable energy sector, our Group is well positioned to capitalise on the opportunities as one of the leaders in energy transition with our presence across wind, solar, EVs, BESS and renewable power generation.”

Kailash Tarachandani, Group CEO (Renewable Business) at INOXGFL Group, said, “Inox Wind has been able to deliver another quarter of strong financial growth, concluding FY25 on a strong note. Our well diversified order book stands at a healthy 3.2 GW comprising of marquee customers including NTPC, CESC, NLC India, Continuum, Amplus, Hero Future Energies, amongst others.”

IWL’s efforts to improve operational efficiencies and execution continues, which is reflected in the strong margins reported, he added.

“We believe that with the robust outlook for the wind industry in India, demand for wind OEMs and service providers will continue to be strong going ahead,” Tarachandani said.