Shares of Inox Wind surged nearly 20 percent on a confident execution guidance shared by the management and robust June quarter results.
Management told CNBC-TV18 in a conversation that they see 'significant' upside to the FY26 guidance, and have guided for 15-16 percent margin growth guidance for FY25. Inox Wind's Devansh Jain said the company is confident of a stronger orderbook in the second half of the fiscal. The company is on track with project completion, and will likely execute 2.9 GW of orderbook in the next two years, Jain said.
Given the onset of monsoon, Q1 and Q2 are the weaker quarter for the business of wind energy, and the second half should be stronger for the company, Devansh Jain said, adding that "There is a fairly large upside to our FY26 numbers."
Q1FY25 saw the best financial performance ever for Inox Wind. Inox Wind on Friday posted a Rs 50 crore net profit for the June quarter as income rose, compared to a loss of Rs 65 crore in the April-June quarter of the preceding financial year. The total revenue surged 85 per cent on year to Rs 651 crore.
Jain said from second quarter onwards, the finance cost for Inox Wind should be 'negligible', and subsequently, the profitability should 'double', he said, given than interest cost will come down to being negligible.
Inox Wind has aspirations to be a 2 GW company in the near future, riding on the fact that it is sitting on its largest ever orderbook, which Inox Wind says offers 'huge revenue growth visibility'.
Devansh Jain also said the company is evaluating opportunities for acquisition.
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