Inox Wind Ltd. · NSE:INOXWIND
Inox Wind — Q4 FY26 Earnings Presentation
29 slides from Inox Wind's earnings presentation, May 29, 2026
Slide 1: Exchange disclosure letter: Earnings Presentation
IWL: NOI: 2026 29th May, 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 Even
Slide 2: Q4 & FY26 Results Presentation
INOX WIND LIMITED Q4 & FY26 RESULTS PRESENTATION MAY 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. INOXGFL GROUP – GLOBAL LEADERS IN ENERGY TRANSITION 3. WIND SECTOR IN INDIA – A MULTI-DECADAL GROWTH STORY BOOSTED BY FAVORABLE POLICY & REGULATORY ENVIRONMENT 4. INOX WIND – INDIA’S LEADING FULLY INTEGRATED WIND SOLUTIONS PROVIDER 5. INOX RENEWABLE SOLU
Slide 5: Inox Wind – Key Highlights for the Quarter
INOX WIND – KEY HIGHLIGHTS FOR THE QUARTER 4
Slide 6: INOXGFL Renewables Adopts 'One Integrated' Strategy
INOXGFL RENEWABLES ADOPTS ‘ONE INTEGRATED’ STRATEGY INOX WIND: GROUP SYNERGIES TO BE THE NEXT ENGINE OF GROWTH • Inox Clean, the renewable IPP and • EPC arm of the Group for both solar • India’s only listed pure play solar cell & module manufacturing and wind renewable O&M player company of the Grou
Slide 7: Key Achievements & Highlights – Q4 FY26
KEY ACHIEVEMENTS & HIGHLIGHTS – Q4 FY26 REVENUE EBITDA EBITDAM % PBT CASH PAT Rs 1,306 cr Rs 333 cr ~ 25.5%^ Rs 216cr Rs 268cr ➢ Stable performance in the quarter despite ongoing macro challenges ➢ Well-diversified order book of ~ 3.1 GW ➢ In FY26, IWL has won multiple orders cumulating to ~ 600 MW
Slide 8: 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) 1,500 24% 26% 40% 18% 1,000 20% 1,032 734 500 0% 75 325 902 1,232 - -20% (583) (242) 1,799 3,702 4,569 (500) -32% -40% FY23 FY24 FY25 FY26 758 FY23 FY24 FY25 FY26 EBITDA (Rs cr) EBITDA
Slide 9: Strong Growth Guidance for FY27
STRONG GROWTH GUIDANCE FOR FY27 REVENUE EBITDAM % FY27 75% growth over 20-22% FY26 (> 35% growth YoY) Growth and margin improvement strategies • Ramp up of new nacelle & hub plant, transformer manufacturing facility, power electronics, and crane Operational services • Commercial launch of 4X MW with
Slide 10: Leaders in Energy Transition
LEADERS IN ENERGY TRANSITION 9
Slide 11: 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 conglomerate with three listed entities. The Group is a forerunner in diversified business segments spanning fluoropolymers, fluorochemicals, battery chemicals, win
Slide 12: Integrated Business Model Leveraging Synergies Within the Group
INTEGRATED BUSINESS MODEL LEVERAGING SYNERGIES WITHIN THE GROUP Leveraging synergies to cater to growing demand End-to-end solutions across the renewable energy value chain for Wind-Solar Hybrid IWL Customers WTG EPC services Modules IPP (Wind, Solar, Hybrid) Expansion into solar Wind Solar Hybrid M
Slide 13: Wind Sector in India – A Multi-Decadal Growth Story
WIND SECTOR IN INDIA – A MULTI-DECADAL GROWTH STORY BOOSTED BY FAVORABLE POLICY & REGULATORY ENVIRONMENT 12
Slide 14: 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 1,460 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 15: India Wind Sector – Favorable Macro Environment
INDIA WIND SECTOR – FAVORABLE MACRO ENVIRONMENT Out of ~ 19 GW renewables capacity awarded through tenders India targets 500 GW/1,800 GW of non-fossil fuel capacity by 2030/2047 in FY26, ~ 11.5 GW comprised of wind / FDRE projects 2030 2047 Current Wind 4.05 GW Others, 150 GW Others 17GW Wind, Other
Slide 16: Inox Wind – India's Leading Fully Integrated Wind Solutions Provider
INOX WIND – INDIA’S LEADING FULLY INTEGRATED WIND SOLUTIONS PROVIDER 15
Slide 17: IWL – What Sets Us Apart – Pillars of Strength
IWL – WHAT SETS US APART – 5 PILLARS OF STRENGTH Strong Group Fully Integrated Robust Diversified Manufacturing & Pedigree Wind Energy Player Creditworthiness Orderbook Technological Prowess • Strong backing of • Providing end-to-end • Net cash balance • Robust orderbook • Strong operational track t
Slide 18: IWL – Robust and Well-Diversified Order Book of > 3.1 GW
IWL – ROBUST AND WELL-DIVERSIFIED ORDER BOOK OF > 3.1 GW BREAK-UP OF ORDER BOOK AS ON MAR-26 PROJECTS DELIVERED SPLIT TURNKEY VS EQUIPMENT SUPPLY PSU, 6% C&I, 36% End-to-end Turnkey Equipment 25% supply*, 27% End-to-end End-to-end Equipment Turnkey, 100% Turnkey, 73% supply* 75% Auctions, 58% From 1
Slide 19: Inox Wind – Key Renewables Customers / Associations
INOX WIND – KEY RENEWABLES CUSTOMERS / ASSOCIATIONS 18
Slide 20: Inox Renewable Solutions – A Full Service Renewable EPC Player
INOX RENEWABLE SOLUTIONS – A FULL SERVICE RENEWABLE EPC PLAYER 19
Slide 21: 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 22: Inox Renewable Solutions – Poised for Massive Growth
INOX RENEWABLE SOLUTIONS – POISED FOR MASSIVE GROWTH ASSET OWNERSHIP & EXPANSION EPC • Ownership of multiple substations in the • Leading end-to-end EPC player in wind group, controlling multi-GW of capacity – this • Rapidly expanding EPC services in solar, provides a ‘moat’ for the business hybrid
Slide 23: Inox Green – India's Only Listed Pure Play Renewable O&M Player
INOX GREEN – INDIA’S ONLY LISTED PURE PLAY RENEWABLE O&M PLAYER 22
Slide 24: Inox Green – On Track to Become One of the Largest Renewable O&M Companies
INOX GREEN – ON TRACK TO BECOME ONE OF THE LARGEST RENEWABLE O&M COMPANIES GLOBALLY Inox Green’s 13 GWp+* O&M portfolio is spread ✓ Provides comprehensive O&M Solutions for WTGs, solar & hybrid projects pan India as well as for the common infrastructure for renewable projects through long-term contr
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) Q4 FY26 Q4 FY25 YoY % FY26 FY25 YoY % a) Revenue from operation (net of taxes) 1,244 1,275 -2% 4,397 3,557 24% b) Other Income 61 36 71% 172 144 19% Total Income from operations (net) 1,306 1,311 0% 4,569 3,702 23% Expenses a)
Slide 27: IWL – Key Financials – Consolidated Balance Sheet
IWL – KEY FINANCIALS – CONSOLIDATED BALANCE SHEET Particulars (Rs cr) FY26 FY25 Particulars (Rs cr) FY26 FY25 ASSETS Equity (1 ) Non-current assets (a) Equity Share capital 1728 863 (a) Property, Plant and Equipment 2490 1980 (b) Share capital pending issuance 0 761 (b) Capital work-in-progress 247
Slide 28: IWL – Shareholding Pattern
IWL – SHAREHOLDING PATTERN List of top Institutional Shareholders Name Retail & others, Capital Research Global Investors 22% Blackrock ICICI Prudential AMC Promoters, 44% Bandhan Mutual Fund Nippon Life India Mutual Fund Domestic Kuwait Investment Authority Fund Institutional Investors, 18% SBI Mut
Slide 29: 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 Green Energy Services Limited (“Inox Green” or “the Company”) that are not historical