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Inox Wind Sees Margin Tailwind, But Execution Cloud Looms
Mint Chennai
|September 05, 2025
Losing steam
Inox Wind Ltd's shares have risen about 2.4% since its June quarter earnings call (Q1FY26) on Monday. The management has raised FY26 EBITDA margin guidance to 18-19% from 17-18%. The Q1 EBITDA margin was 22%.
Cost controls, better equipment economics and new facilities should aid margin improvement. With nacelle and hub plants now operational and additional cranes deployed at sites, execution bottlenecks should ease. A new blade unit in southern India should improve logistics and site access.
Amid weak Q1 deliveries of 146 MW as it focused on clearing Q4 backlog, Inox reiterated its 1,200 MW target for FY26 and 2,000 MW for FY27.
This story is from the September 05, 2025 edition of Mint Chennai.
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