Slide 1: Disclosure of Material Event - Earnings Presentation cover letter
IWL: NOI: 2026 13th February, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip code: 539083 Scrip code: INOXWIND Sub:Disclosure of Material
Slide 2: Q3 FY26 Results Presentation
INOX WIND LIMITED Q3 FY26 RESULTS PRESENTATION FEBRUARY 2026 1
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Inox Wind Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Contents
CONTENTS 1. KEY HIGHLIGHTS FOR THE QUARTER 2. GROUP OVERVIEW 3. WIND SECTOR IN INDIA – A MULTI-DECADAL GROWTH STORY BOOSTED BY FAVORABLE POLICY & REGULATORY ENVIRONMENT 4. INOX WIND – LEADING INDIAN OEM PROVIDING END-TO-END WIND SOLUTIONS 5. INOX RENEWABLE SOLUTIONS – A FULL SERVICES RENEWABLE EPC P
Slide 5: Key Achievements & Highlights – Q3 FY26
KEY ACHIEVEMENTS & HIGHLIGHTS – Q3 FY26 REVENUE EBITDA EBITDAM % PBT CASH PAT Rs 1,238 cr Rs 313 cr ~ 25.2% Rs 209 cr Rs 262 cr (+ 24% YoY) (+ 39% YoY)^ (+ 62% YoY)^ (+ 38% YoY) ➢ One of the strongest ever quarterly financial and operational performance ➢ 252 MW execution in Q3 FY26; well-diversifie
Slide 6: IWL – Delivering Exponential Growth Over the Years
IWL – DELIVERING EXPONENTIAL GROWTH OVER THE YEARS Total Income (Rs cr) EBITDA & EBITDA Margin % Cash PAT* (Rs cr) 734 668 75 (583) 1,799 3,702 3,263 758 FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26 Net worth (Rs cr) Net debt (cash) [Rs cr] Sales (MW) 1,337 705 600 655 376 7,254 2,261 2,192 5,606 1
Slide 7: Strong Growth Guidance for FY26 & FY27
STRONG GROWTH GUIDANCE FOR FY26 & FY27 REVENUE EBITDAM % FY26 > Rs 5,000 cr 20-22% (> 35% growth YoY) REVENUE EBITDAM % FY27 + 75% growth YoY 20-22% Growth and margin improvement strategies • Ramp up of new nacelle & hub plant, transformer manufacturing facility, crane services Operational • Establi
Slide 8: Group Overview
7 INO ic BEY ON DB F LGN di om °¥ FL GROUP GROUP OVERVIEW
Slide 9: INOXGFL Group – A Multi-Billion-Dollar Indian Conglomerate
INOXGFL GROUP – A MULTI-BILLION-DOLLAR INDIAN CONGLOMERATE INOXGFL Group, with a legacy of over nine decades, and currently with three listed entities is a leader in energy transition. With interests spanning across chemicals and renewables, the Group is a forerunner in diversified business segments
Slide 10: INOXGFL Group – Leaders in Energy Transition
INOXGFL GROUP – LEADERS IN ENERGY TRANSITION INOXGFL Group has one of the most integrated presence across the energy transition value chain Manufacturing Services RE Independent Power Producer RE Power Purchase 9
Slide 11: Wind Sector in India – A Multi-Decadal Growth Story
WIND SECTOR IN INDIA – A MULTI-DECADAL GROWTH STORY BOOSTED BY FAVORABLE POLICY & REGULATORY ENVIRONMENT 10
Slide 12: India Wind Sector – A Multi-Decadal Growth Story
INDIA WIND SECTOR – A MULTI-DECADAL GROWTH STORY Sustained demand • NEP 2026 targets per capita consumption of 2,000 kWh by 2030 (vs 1,400 kWh in FY25) and > 4,000 kWh by 2047. By 2047, >80% installed capacity (2,187 GW) and 2/3rd generation is expected from non-fossil sources. for wind in the next
Slide 13: India Wind Sector – Favorable Macro Environment
INDIA WIND SECTOR – FAVORABLE MACRO ENVIRONMENT Out of > 13 GW renewables capacity awarded through tenders India targets 500 GW/1,800 GW of non-fossil fuel capacity by 2030/2047 in Apr-Feb’26, ~ 6.6 GW comprised of wind / FDRE projects 2030 2047 Current Wind 2.25 GW Others, 150 GW Wind, Others, Wind
Slide 14: Inox Wind – Leading Indian OEM Providing End-to-End Wind Solutions
INOX WIND – LEADING INDIAN OEM PROVIDING END-TO-END WIND SOLUTIONS 13
Slide 15: IWL – Well Positioned to Capitalize on the Burgeoning Wind Sector
IWL – WELL POSITIONED TO CAPITALIZE ON THE BURGEONING WIND SECTOR Fully integrated wind energy player providing end-to-end solutions – from conception to manufacturing to execution to commissioning to O&M Healthy Balance sheet Strong operational track record of > 13 years and manufacturing capacity
Slide 16: IWL – What Sets Us Apart – Pillars of Strength
IWL – WHAT SETS US APART – 5 PILLARS OF STRENGTH Manufacturing & Strong Group Robust Exceptional Turnkey Diversified Technological Pedigree Creditworthiness Capabilities Orderbook Prowess • Strong backing of • Net cash balance • One of India’s largest • Robust orderbook • Manufacturing the multi-bil
Slide 17: IWL – Robust and Well-Diversified Order Book of > 3.2 GW
IWL – ROBUST AND WELL-DIVERSIFIED ORDER BOOK OF > 3.2 GW ORDER BOOK MOVEMENT (MW) IWL’S ORDER BOOK HAS EVOLVED SIGNIFICANTLY Equipment End-to-end supply*, 1.6 GW, Turnkey, 1.6 GW, 49% 51% End-to-end Turnkey, 825 MW, 100% From 100% turnkey orderbook To almost 50-50 mix of turnkey in Q1 FY24 and equip
Slide 18: Inox Wind – Key Renewables Customers / Associations
INOX WIND – KEY RENEWABLES CUSTOMERS / ASSOCIATIONS 17
Slide 19: Inox Renewable Solutions – A Full Service Renewable EPC Player
INOX RENEWABLE SOLUTIONS – A FULL SERVICE RENEWABLE EPC PLAYER 18
Slide 20: Inox Renewable Solutions – A Full Service Renewable EPC Player
INOX RENEWABLE SOLUTIONS – A FULL SERVICE RENEWABLE EPC PLAYER Inox Renewable Solutions Limited (formerly Resco Global) is a leading renewable EPC service provider with a pan-India presence and a very strong presence in Western India Strong operational track record of >14 years across major states;
Slide 21: IGESL – Renewable O&M Business – Stability with Growth
IGESL – RENEWABLE O&M BUSINESS – STABILITY WITH GROWTH 20
Slide 22: Inox Green – On Track to Become India's Largest O&M Company
INOX GREEN – ON TRACK TO BECOME INDIA’S LARGEST O&M COMPANY Inox Green’s 13.3 GWp* O&M portfolio is spread ✓ Provides comprehensive O&M Solutions for WTGs, solar & hybrid projects across 17 states of India as well as for the common infrastructure for renewable projects through long-term contracts of
Slide 23: IWL – Financials & Shareholding
IWL – FINANCIALS & SHAREHOLDING 22
Slide 24: IWL – Key Financials – Consolidated Income Statement
IWL – KEY FINANCIALS – CONSOLIDATED INCOME STATEMENT Particulars (Rs cr) Q3 FY26 Q2 FY26 Q3 FY25@ a) Revenue from operation (net of taxes) 1,207 1,119 911 b) Other Income ^ 31 43 83^ Total Income from operations (net) 1,238 1,162 995 Expenses a) Cost of materials consumed 613 659 556 b) Purchases of
Slide 25: IWL – Shareholding Pattern
IWL – SHAREHOLDING PATTERN List of top Institutional Shareholders Name Retail & others, Capital Research Global Investors 21% ICICI Prudential AMC Nippon Life India Mutual Fund Promoters, 44% Blackrock Vanguard Domestic Institutional Matthews Investors, 19% Bandhan Mutual Fund Motilal Oswal AMC Fore
Slide 26: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) that are not historical in nature. These forwar