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Inox Wind Posts 96 Percent YoY Revenue Growth, 112 Crore Profit in Q3, FY25

Inox Wind reported a 96 percent YoY revenue growth in Q3 FY25, posting its highest-ever quarterly profit of INR 112 crore. IWL’s order book stood at ~ 3.3 GW at the end of Q3 FY25, providing a strong visibility for delivering on its guidance and achieving its 2 GW execution target in FY27.

January 31, 2025. By Mrinmoy Dey

Inox Wind (IWL) has registered a 96 percent YoY revenue growth in Q3, FY25 while also posting its high-ever profit in a quarter at INR 112 crore.

The company’s order execution increased by 82 percent YoY to 189 MW. In 9M, FY25, execution increased by about 90 percent YoY to 469 MW.

IWL’s order book stood at ~ 3.3 GW at the end of Q3 FY25, providing a strong visibility for delivering on its guidance and achieving its 2 GW execution target in FY27. In 9M FY25, IWL secured orders totalling ~ 1.4 GW across multiple customers and is finalising several additional orders across PSUs and large IPPs, amongst others, the company said in a statement.

It further added that the company’s new nacelle plant near Ahmedabad, Gujarat is expected to commence operations in Q4 FY25. IWL’s EPC arm, Inox Renewable Solutions will commence cranes services and transformer manufacturing operations in Q4 FY25.

Further, the Group’s venture into solar manufacturing through Inox Solar is expected to open up additional opportunities in hybrid projects and increased business for EPC (Inox Renewable Solutions) and O&M (Inox Green).

Commenting on the developments, Devansh Jain, Executive Director, INOXGFL Group, said, “Inox Wind's impressive Q3 results firmly establishes the enormous growth trajectory which the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire Renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries. Given the massive growth journey of the company over the next few years on the back of the mega opportunities in the Indian market, I am confident that Inox Wind will continue to create enormous value for all stakeholders.”

Commenting on the results, Kailash Tarachandani, CEO of Inox Wind, said, “We have been able to deliver another quarter of strong results in Q3 and are confident of delivering significantly higher execution from Q4 FY25 onwards. India continues to award large renewable capacities particularly in the hybrid/RTC/FDRE space, which bodes well for the demand for the wind sector. We continue to be fully geared up to take advantage of this massive impending opportunity in the Indian renewable space over the next decade.”

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Inox Wind Q3 FY25 results

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