Inox Wind posts record profit in FY 2024-25 with 105% revenue growth

Inox Wind Limited has announced its highest-ever quarterly and annual profits for the financial year ending March 31, 2025. The company reported strong growth across all key financial and operational metrics.

In Q4 FY 2024-25, Inox Wind recorded a total revenue of Rs 13.11 billion, marking a 130% year-on-year (YoY) increase from Rs 5.69 billion in Q4 FY 2023-24. EBITDA for the quarter rose 103% YoY to Rs 2.90 billion, and profit after tax (PAT) jumped to Rs 1.90 billion, up from Rs 390 million in the same quarter last year. Cash PAT reached Rs 2.54 billion, reflecting a 208% increase.

For the full financial year, consolidated revenue rose to Rs 37.02 billion, up 105% YoY. EBITDA grew by 167% YoY to Rs 9.18 billion, while PAT surged to Rs 4.38 billion from a loss of Rs 480 million in FY 2023-24. Cash PAT climbed 800% to Rs 7.34 billion.

Project execution stood at 705 MW in FY 2024-25, up 88% YoY, with 236 MW executed in Q4 alone. The company’s order book grew to 3.2 GW, with 1.5 GW of inflows during the year.

The National Company Law Tribunal (NCLT) approved the merger of Inox Wind Energy Limited with Inox Wind Limited during the year. This move reduced liabilities on the balance sheet by Rs 20.5 billion.

Operational highlights also include progress on a new nacelle plant near Ahmedabad and the expansion of Inox Green’s renewable O&M portfolio to 5.1 GW, including a foray into solar operations and maintenance.