Inox Wind share price declined more than 8% on Monday, 1 June, after the company reported a sharp fall in earnings for the March quarter of FY26.
The wind energy solutions provider posted a consolidated net profit of ₹105.68 crore in the fourth quarter, down nearly 45% from ₹190.34 crore reported in the corresponding period last year. The decline in profitability came amid higher operating expenses during the quarter.
The company’s total income from operations slipped marginally to ₹1,305.50 crore in the January-March period from ₹1,310.65 crore a year ago. Meanwhile, total expenses increased to ₹1,161.59 crore, compared with ₹1,103.01 crore in the year-ago quarter.
Inox Wind noted that, despite a lacklustre quarterly performance, its order backlog reached 3.1 GW as of 31 March 2026, providing revenue predictability for over 2 years.
The firm stated that challenges related to on-site execution, geopolitical issues impacting the supply of equipment and components, logistical delays, and postponed customer payments in a tough macroeconomic climate have kept working capital needs high throughout the quarter.
Part of the INOXGFL Group, Inox Wind ranks among India’s top wind energy solution providers.
