Divya Agarwal
Chennai (Tamil Nadu) [India], January 30: Indowind Energy Limited (BSE: 532894 | INE227G01018 | NSE: INDOWIND), which is engaged in the generation and distribution of power through windmills, has announced its unaudited financial results for Q3 & 9M FY26 along with Key Capital, Funding and Investment Updates.
Key Financial Highlights
Q3 FY26 Consolidated Financial Highlights
• Total Revenue of ₹ 6.19 Cr, YoY growth of 5.03%
• EBITDA of ₹ (0.42) Cr, YoY decline by 138.39%
• EBITDA Margin (%) of (6.84%), YoY decline by 2,557 Bps
• Net Profit of ₹ 0.35 Cr, YoY growth of 656%
• Net Profit Margin (%) of 5.78%, YoY growth of 687 Bps
9M FY26 Consolidated Financial Highlights
• Total Revenue of ₹ 35.49 Cr, YoY growth of 21.61%
• EBITDA of ₹ 16.98 Cr, YoY growth of 29.39%
• EBITDA Margin (%) of 47.86%, YoY growth of 288 Bps
• Net Profit of ₹ 7.51 Cr, YoY growth of 24.32%
• Net Profit Margin (%) of 21.17%, YoY growth of 46 Bps
Key Board-Approved Business Updates:
• Increase in Authorised Share Capital
Authorised share capital to be increased from ₹175 crore to ₹275 crore, subject to shareholder approval.
• Variation in Objects of Rights Issue
Change in method of utilisation of rights issue proceeds through subsidiary approved, subject to shareholder approval via postal ballot.
• Fund Raising
Overseas fund raise of up to USD 70 million approved, subject to regulatory approvals, for bond exchange/restructuring and business expansion.
• Increase in Borrowing Powers
Borrowing powers to be increased to ₹1,500 crore, subject to shareholder approval.
• Investment
• Up to ₹10 lakh investment in Nova Power Private Limited to make it a subsidiary.
• ₹10 lakh investment to incorporate a new subsidiary for service connections.
• Up to 20% equity investment in Everon Power Limited (up to ₹57.80 crore) to make it an associate company.
Commenting on the performance, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited,
said: “The underlying strength of our operations continues to translate into improving profitability and healthier margins, reflecting a sustained focus on efficiency, asset performance, and disciplined execution across the business. These outcomes reinforce the stability of our core operations and the resilience of our operating model.
In parallel, we have been deliberate in strengthening our capital framework and expanding strategic flexibility through a series of measured initiatives. This positions the company to pursue calibrated growth, evaluate value-accretive opportunities, and maintain a prudent, long-term approach to capital deployment.”
Key Recent Business Highlights
Operational Capacity Expansion
The company has signed an in-principle agreement to acquire an operational ~5.1 MW wind power project
Fund Raise
The Company successfully raised ₹49.42 crore through its recently completed rights issue.
Commenting on the performance, Mr. Bala Venckat Kutti, Promoter of Indowind Energy Limited,
said: “The underlying strength of our operations continues to translate into improving profitability and healthier margins, reflecting a sustained focus on efficiency, asset performance, and disciplined execution across the business. These outcomes reinforce the stability of our core operations and the resilience of our operating model.
In parallel, we have been deliberate in strengthening our capital framework and expanding strategic flexibility through a series of measured initiatives. This positions the company to pursue calibrated growth, evaluate value-accretive opportunities, and maintain a prudent, long-term approach to capital deployment.”
Key Recent Business Highlights
| Operational Capacity Expansion | The company has signed an in-principle agreement to acquire an operational ~5.1 MW wind power project |
| Fund Raise | The Company successfully raised ₹49.42 crore through its recently completed rights issue. |
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