Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q2 FY26 Earnings Presentation
29 slides from Inox Wind's earnings presentation, Nov 14, 2025
Slide 1: Exchange filing cover letter: Earnings Presentation
IWL: NOI: 2025 14th November, 2025 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: Inox Wind Limited Q2 FY26 Results Presentation
INOX WIND LIMITED Q2 FY26 RESULTS PRESENTATION NOVEMBER 2025 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
KEY ACHIEVEMENTS & HIGHLIGHTS ➢ Strongest ever financial and operational performance for second quarter ➢ Q2 FY26: Revenue up 56% YoY; EBITDA up 48% YoY; PBT up 93% YoY to Rs 169 cr ➢ PAT up 43% YoY; Cash PAT up 66% YoY to Rs 220 crores; PAT was impacted by a deferred tax charge of Rs 43 cr, which i
Slide 6: Key Performance Indicators – Q2 FY26
KEY PERFORMANCE INDICATORS – Q2 FY26 Total Income (Rs cr) EBITDA (Rs cr) Cash PAT* (Rs cr) 220 1162 271 744 133 183 48% 66% 56% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 PAT (Rs cr) Orderbook (MW) Execution (MW) 121 3328 202 3235 84 140 43% -3% 44% Q2 FY25 Q2 FY26 Q2 FY25 Current Q2 FY25 Q2 FY
Slide 7: Inox Wind Embarks on Its Next Leg of Growth
INOX WIND EMBARKS ON ITS NEXT LEG OF GROWTH 380 MW orders won, 348 MW executed in FY26 On track to close FY26 with a large net orderbook providing execution visibility for at least next 18-24 months Value creation Strategic move to secure long-term recurring orders through partnerships / through gro
Slide 8: Inox Wind – Ramping Up Operations Across All Verticals
INOX WIND – RAMPING UP OPERATIONS ACROSS ALL VERTICALS • Inox Wind’s new nacelle & hub manufacturing plant at Kalyangarh, Ahmedabad, Gujarat is ramping up its operations New nacelle & hub plant • The unit manufactures nacelles & hubs for IWL’s state-of-the-art 3.3 MW WTGs and is future-ready for the
Slide 9: Group Overview
7 INO ic BEY ON DB F LGN di om °¥ FL GROUP GROUP OVERVIEW
Slide 10: 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, is a multi-billion-dollar Indian conglomerate with three listed entities. Being one of the leaders in energy transition, the Group is a forerunner in diversified business segments spanning f
Slide 11: 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 10
Slide 12: Wind Sector in India – A Multi-Decadal Growth Story
WIND SECTOR IN INDIA – A MULTI-DECADAL GROWTH STORY BOOSTED BY FAVORABLE POLICY & REGULATORY ENVIRONMENT 11
Slide 13: India Wind Sector – A Multi-Decadal Growth Story
INDIA WIND SECTOR – A MULTI-DECADAL GROWTH STORY • India targets 122 GW of installed wind capacity from 53 GW currently – provides visibility of > Rs 5 trn for wind OEMs Large capacity and a large multi-year opportunity for O&M service providers targets leading to • Demand from commercial & industri
Slide 14: India Wind Sector – Favorable Macro Environment
INDIA WIND SECTOR – FAVORABLE MACRO ENVIRONMENT Out of ~ 8.3 GW renewables capacity awarded through tenders India targets to reach 596 GW of RE capacity by 2032 in Apr-Oct’26, ~ 3 GW comprised of wind / FDRE projects Wind 800 MW RE capacity FDRE 2170 MW Awarded in ~8.3 GW 7MFY26 Solar 350 MW Solar +
Slide 15: Inox Wind – Leading Indian OEM Providing End-to-End Wind Solutions
INOX WIND – LEADING INDIAN OEM PROVIDING END-TO-END WIND SOLUTIONS 14
Slide 16: 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 17: IWL – Journey Towards 2 GW Annual Execution and Beyond
IWL – JOURNEY TOWARDS 2 GW ANNUAL EXECUTION AND BEYOND FY23 FY24 FY25 FY26 Execution: Execution: Execution: Execution target: 104 MW 376 MW 705 MW > 1,200 MW • Commencement of • Raised equity capital • Delivered strong • Current To targeting turnaround journey from marquee operational and orderbook
Slide 18: IWL – What Sets Us Apart – 5 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 19: 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) ORDER BOOK BREAK UP* 380 3,203 3,235 (348) Equipment supply*, 1.4 GW, 44% End-to-end Turnkey, 1.8 GW, 56% FY26 opening Additions Supplies Current Order book currently stands at > 3.2 GW providing a large revenue visibi
Slide 20: Inox Wind – Key Renewables Customers / Associations
INOX WIND – KEY RENEWABLES CUSTOMERS / ASSOCIATIONS 19
Slide 21: Inox Renewable Solutions – A Full Service Renewable EPC Player
INOX RENEWABLE SOLUTIONS – A FULL SERVICE RENEWABLE EPC PLAYER 20
Slide 22: 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 23: IGESL – Renewable O&M Business – Stability with Growth
IGESL – RENEWABLE O&M BUSINESS – STABILITY WITH GROWTH 22
Slide 24: 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 12.5 GW* O&M portfolio is spread ✓ Provides comprehensive O&M Solutions for WTGs, solar & hybrid projects across 12 key renewable states of India as well as for the common infrastructure for renewable projects through long-term
Slide 25: IWL – Financials & Shareholding
IWL – FINANCIALS & SHAREHOLDING 24
Slide 26: IWL – Key Financials – Consolidated Income Statement
IWL – KEY FINANCIALS – CONSOLIDATED INCOME STATEMENT Particulars (Rs cr) Q2 FY26 Q1 FY26 Q2 FY25^ a) Revenue from operation (net of taxes) 1,119 826 733 b) Other Income 43 36 11 Total Income from operations (net) 1,162 863 744 Expenses a) Cost of materials consumed 659 397 399 b) Purchases of stock
Slide 27: IWL – Key Financials – Consolidated Balance Sheet
IWL – KEY FINANCIALS - AUDITED CONSOLIDATED BALANCE SHEET As at 30 September Particulars (Rs cr) As at 30 September 2025 As at 31 March 2025^ Particulars (Rs cr) As at 31 March 2025^ 2025 ASSETS Equity (1 ) Non-current assets (a) Equity Share capital 1728 863 (a) Property, Plant and Equipment 2092 1
Slide 28: IWL – Shareholding Pattern
IWL – SHAREHOLDING PATTERN List of top Institutional Shareholders Name Others, 2% Capital Research Global Investors Retail Investors, 20% Motilal Oswal AMC ICICI Prudential AMC Promoters, 44% Nippon Life India Mutual Fund Vanguard Matthews Domestic Institutional Blackrock Investors, 19% Bandhan Mutu
Slide 29: Thank You
THANK YOU Investor Relations Contact No: +91 120 614 9600 Email : Investors.iwl@inoxwind.com Download Twitter's new X logo here! | Disobey Follow us on Social Media: This presentation and the related discussions may contain “forward looking statements” by Inox Wind Limited (“IWL” or “the Company”) t