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Inox Wind Reports 96% YoY Revenue Growth and Significant Profit in Q3 FY25

Inox Wind has achieved an exceptional financial performance in Q3 FY25, registering a 96% year-on-year (YoY) revenue growth, alongside a record profit of INR 112 crore.

The company’s order execution has also significantly increased, with 189 MW completed in Q3, marking an 82% YoY growth. Over the first nine months of FY25, Inox Wind executed 469 MW, reflecting a 90% increase from the previous year. With an order book of around 3.3 GW by the end of Q3 FY25, Inox Wind is well-positioned to meet its growth targets, including the 2 GW execution goal by FY27.

The company's progress is also supported by a strong pipeline of orders. During the first three quarters of FY25, Inox Wind secured approximately 1.4 GW in new orders from a diverse set of clients, including public sector undertakings (PSUs) and large independent power producers (IPPs). The company continues to finalize several additional orders, which are expected to further bolster its growth in the coming years.

Inox Wind’s ongoing expansion includes the launch of a new nacelle manufacturing plant in Ahmedabad, Gujarat, scheduled to begin operations in Q4 FY25. Additionally, the company’s Engineering, Procurement, and Construction (EPC) arm, Inox Renewable Solutions, is set to initiate new ventures, including crane services and transformer manufacturing, also in Q4 FY25. This diversification of services is part of Inox Wind’s broader strategy to capture a larger share of the growing renewable energy market in India.

Inox Wind is also venturing into the solar sector with the establishment of Inox Solar, which aims to open up new hybrid project opportunities. This initiative is expected to not only increase the company’s involvement in solar energy but also expand its service offerings in the EPC and Operations & Maintenance (O&M) sectors through Inox Renewable Solutions and Inox Green.

The company’s executives are optimistic about Inox Wind’s future trajectory, with Devansh Jain, Executive Director of INOXGFL Group, stating that the company is on a robust growth path due to the large-scale opportunities available in the Indian renewable market. He expressed confidence that Inox Wind will continue to create value for all its stakeholders. Kailash Tarachandani, CEO of Inox Wind, echoed these sentiments, highlighting the significant demand in the wind sector, particularly in hybrid, round-the-clock (RTC), and firm dispatchable renewable energy (FDRE) spaces, which align with India’s renewable energy strategy.

Inox Wind’s strong performance in Q3 FY25, coupled with its strategic expansion and diversification, positions the company to benefit from the massive opportunities in the Indian renewable energy sector over the next decade.