Inox Wind Ltd (IWL) reported a net profit of Rs 90.20 crore for the quarter ending September 30, marking a turnaround from a Rs 26.84 crore loss in the same period last year. This improvement was attributed to a significant rise in income.
The company’s total income for the quarter reached Rs 741.74 crore, up from Rs 384.40 crore a year ago, while expenses also increased to Rs 647.93 crore from Rs 412.54 crore. Additionally, Inox Wind’s order book expanded to 3.3 gigawatts (GW), with 1.2 GW in new orders secured during the first half of FY25.
During the quarter, IWL entered a consortium agreement with banks, securing Rs 2,200 crore in facilities, mainly non-fund-based, leveraging the company’s strong balance sheet. IWL’s subsidiary, Resco Global, raised Rs 350 crore in equity capital from key investors, further supporting growth initiatives.
Another subsidiary, Inox Green Energy Services Ltd, posted a profit of Rs 6.06 crore, compared to Rs 5.76 crore in the same quarter last year, with revenues rising to Rs 64.41 crore from Rs 58.21 crore. Inox Green Energy Services remains India’s only publicly listed wind operations and maintenance (O&M) services provider, managing a 3.5 GW portfolio.
Inox Wind is a prominent player in India’s renewable energy sector, specializing in the manufacturing and development of wind energy solutions. Established in 2011 and headquartered in Ahmedabad, Gujarat, Inox Wind focuses on providing comprehensive wind power solutions, including the design, manufacture, and installation of wind turbine generators, along with operations and maintenance services.
The company has a strong commitment to sustainability and aims to contribute significantly to India’s clean energy goals by harnessing the country’s vast wind energy potential. Inox Wind operates state-of-the-art manufacturing facilities and has established a robust presence in key wind-rich regions across the country.
Its innovative approach and advanced technology enable it to offer efficient and reliable wind energy solutions, helping clients reduce their carbon footprint and achieve energy independence. Through strategic partnerships and a focus on quality and performance, Inox Wind is dedicated to driving the transition towards a greener future and supporting the global shift to renewable energy sources.
