reported a sharp 44 per cent year-on-year drop in consolidated net profit to ₹106 crore in the fourth quarter of FY26, as execution delays and disruptions weighed on near-term performance, even as the full-year profit edged up 3 per cent.
Revenue from operations declined 2.4 per cent to ₹1,244 crore during the quarter, impacted by execution bottlenecks, geopolitical tensions affecting supply chains, and delays in critical equipment and logistics support.
For the full fiscal FY26, the company reported a 3 per cent rise in consolidated net profit to ₹449 crore, while revenue grew 24 per cent year-on-year to ₹4,397 crore, supported by stronger execution activity over the course of the year.
The company said Q4 performance was affected by ground-level execution challenges, including geopolitical tensions that led to delays in ECS supplies, logistical constraints, and delayed payments from some customers amid a weak macro environment.
“Inox Wind continues to face ground execution challenges, geopolitical tensions leading to delay in ECS supplies and logistical support challenges, and some customers holding back payments due to the macro environment, resulting in the working capital cycle remaining high,” the company stated in its investor presentation.
Despite these pressures, the company said it has managed to improve its working capital position during the quarter, with the cycle reducing by around 15 days, and expects further improvement going ahead.
The company operates in the wind energy segment, which includes manufacturing of wind turbine generators (WTGs), EPC services, operations and maintenance (O&M), and project development for wind farms. It also has a presence in power generation and transformer manufacturing within the group structure.