The company reported a consolidated net profit of ₹64.1 crore for the quarter ended June 30, 2026, down 34.2% from ₹97.3 crore in the corresponding period last year.
Revenue from operations stood at ₹814.1 crore, compared with ₹826.3 crore a year earlier, marking a 1.5% decline.
Operating performance also weakened during the quarter. EBITDA declined 17% year-on-year to ₹152.5 crore from ₹183.7 crore, while EBITDA margin narrowed to 18.7% from 22.2% in the corresponding quarter last year.
Operating profitability weakens
The decline in EBITDA margin indicates the company generated lower operating profit from each rupee of revenue compared with the year-ago period, resulting in weaker overall profitability.
Profit before tax fell 31.2% to ₹94.7 crore from ₹137.6 crore a year earlier.
Profit attributable to the owners of the company declined more sharply to ₹44 crore from ₹105.9 crore in the corresponding quarter last year. This was partly because a larger share of the quarter’s earnings was attributable to non-controlling interests, which reported a profit of ₹20.1 crore compared with a loss of ₹8.5 crore in the year-ago period.
Standalone business records revenue growth
On a standalone basis, Inox Wind reported revenue of ₹743.5 crore, up 3.9% year-on-year from ₹715.6 crore.
Standalone net profit declined 17.5% to ₹71.5 crore from ₹86.7 crore, while standalone EBITDA stood at ₹158.7 crore.
Auditors highlight ongoing matters
The company’s statutory auditors included Emphasis of Matter paragraphs in their limited review report while maintaining an unmodified conclusion on the financial statements.
Among the matters highlighted were investments made in six special purpose vehicles through inter-corporate deposits and bank guarantees amounting to ₹55.78 crore, which remain subject to ongoing regulatory proceedings. According to the company, it expects to recover the deposits and secure the release of the guarantees upon resolution of the matters.
The auditors also referred to ₹112.12 crore of operations and maintenance (O&M) service billings that are under contractual negotiations. Management stated that it does not expect any material adjustment to the financial statements in respect of these billings.
The review report also referred to certain matters relating to EPCG licences, while reiterating that these observations did not modify the auditors’ conclusion.
Board approves independent director’s reappointment
Separately, the board approved the reappointment of Madhurima Sayan Das as an Independent Director for a second term of one year with effect from September 5, 2026, subject to shareholder approval.
Shares of Inox Wind Ltd. were trading 0.26% lower at ₹78 on the National Stock Exchange (NSE) following the announcement of the results.
(Edited by : Prashant)
First Published: Aug 7, 2026 5:07 PM IST
