Wind Energy shares rose 3% following a 391% surge in profits

On Monday, the Inox Wind shares rose 3 percent in the early trade touching a day’s high price of Rs. 201 on NSE after it delivered a standout performance in Q4FY25 and the full FY25. For the quarter ended March 31, 2025, Inox Wind’s net profit surged around 391 percent to Rs. 190.34 crore, compared to Rs. 38.74 crore in the same period last year. Revenue more than doubled, reaching Rs. 1,274.82 crore, up from Rs. 527.73 crore in Q4FY24, reflecting robust execution of projects and strong demand for wind energy solutions. EBITDA for the quarter rose 156 percent year-on-year to Rs. 254 crore, although EBITDA margin stayed around 20 percent from 18.75 percent a year earlier.

Operationally, Inox Wind commissioned 236 MW in Q4FY25, an 83 percent year-on-year increase, showcasing its ability to scale up project execution efficiently. The order book stood at a robust 3.2 GW, providing strong revenue visibility, with prominent clients such as NTPC, CESC, NLC India, Continuum, Amplus, and Hero Future Energies. Order inflows for FY25 totalled around 1.5 GW.

For the full financial year FY25, Inox Wind achieved a turnaround, swinging to a consolidated net profit of Rs. 437.62 crore from a loss of Rs. 48.16 crore in FY24. Revenue for the year more than doubled to Rs. 3,557.15 crore, up from Rs. 1,746.30 crore in the previous year, driven by strong execution in its core verticals which is manufacturing of Wind Turbine Generators, Engineering, Procurement and Construction (EPC), Operations and Maintenance (O&M), and common infrastructure services. The company executed 705 MW during the year, an 88 percent increase from FY24’s 376 MW, although this fell short of management’s 800 MW guidance. EBITDA for FY25 soared 167 percent to Rs. 918 crore, with margins improving significantly to 24.8 percent from 19 percent in FY24, reflecting disciplined cost management and operational efficiency.

A key highlight for FY25 was the jump in cash profit after tax (PAT) to Rs. 734 crore. This financial strength was further bolstered by the National Company Law Tribunal’s (NCLT) approval of the merger between Inox Wind Energy Limited and Inox Wind Limited, which reduces liabilities by approximately Rs. 2,050 crore.

Leadership changes were also announced, with Sanjeev Agarwal appointed as CEO effective June 1, 2025, succeeding Kailash Lal Tarachandani, who has been elevated to Group CEO – Renewable Business of INOXGFL Group. This transition is aimed at strengthening the company’s strategic focus.

Looking ahead, Inox Wind maintains an optimistic outlook, backing by its strong order book, improving macroeconomic environment, and the government’s continued focus on renewable energy. The company has set ambitious execution targets for the coming years, aiming to commission more than 1,200 MW in FY26 and 2,000 MW (2GW) in FY27, reflecting confidence in its execution capability.

Overall, Inox Wind’s Q4FY25 and FY25 results underscore a turnaround, which is driven by record revenues, profitability, and operational execution, while positioning the company as one of the leading players in India’s renewable energy transition.