Inox Wind Limited has announced its results for the financial year (FY) of FY 2024-25, ending March 31, 2025. In the fourth quarter (Q4) of FY 2024-25, the company reported a total revenue of Rs 13.11 billion, marking a 130 per cent year-on-year (YoY) increase from Rs 5.69 billion in Q4 FY 2023-24. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY 2024-25 rose by 103 per cent YoY to Rs 2.90 billion. Profit after tax (PAT) rose to Rs 1.90 billion in Q4 FY 2024-25, from Rs 390 million in Q4 FY 2023-24. Cash PAT reached Rs 2.54 billion during Q4 FY 2024-25, marking a 208 per cent YoY increase from 830 million in Q4 FY 2023-24.
For the full FY 2024-25, Inox Wind’s consolidated revenue grew to Rs 37.02 billion, up 105 per cent YoY. EBITDA rose 167 per cent YoY, reaching Rs 9.18 billion. PAT increased to Rs 4.38 billion in FY 2024-25, compared to a loss of Rs 480 million in FY 2023-24. Cash PAT increased by 800 per cent YoY to Rs 7.34 billion, from Rs 820 million in FY 2023-24. Execution stood at 705 MW for FY 2024-25, up 88 per cent YoY, with 236 MW completed in Q4 FY 2024-25 alone.
As of March 31, 2025, the order book stood at approximately 3,203 MW, reflecting a 21 per cent YoY increase. FY 2024-25 saw fresh order inflows of around 1,500 MW. Furthermore, the company’s subsidiary, Inox Green, expanded its renewable operations and maintenance portfolio to around 5,100 MW and entered the solar O&M segment. Additionally, the merger between Inox Wind Energy Limited and Inox Wind Limited was approved, leading to a reduction of Rs 20.50 billion in liabilities from Inox Wind’s balance sheet.
