Inox Wind Limited will host a conference call for analysts and institutional investors on Friday, August 7, 2026, at 5:00 PM IST. The session is scheduled to discuss the company's unaudited financial results for the quarter ended June 30, 2026. This disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The conference call is being hosted by Nuvama Wealth Management Limited. Mr. Vikram Datwani serves as the call leader. Investors can join the discussion via toll-free numbers provided for India, the USA, the UK, Singapore, and Hong Kong. The dial-in details were communicated in a notice dated August 4, 2026, signed by Deepak Banga, Company Secretary.

Management Participants

Senior executives from both Inox Wind Limited and Inox Green Energy Services Limited are expected to address investor queries. The participants include:

• Devansh Jain, Executive Director, INOXGFL Group
• Kailash Tarachandani, Group CEO (Renewables Business), INOXGFL Group
• Akhil Jindal, Group CFO, INOXGFL Group
• Sanjeev Agarwal, CEO, Inox Wind Ltd
• S. K. Mathusudhana, CEO, Inox Green Energy Solutions Ltd

Other senior management members may also participate in the discussion.

Conference Call Details

The following table outlines the access details for the earnings call:

For further information, investors may contact Vikram Datwani at Nuvama Wealth Management Limited via email at Vikram.Datwani@nuvama.com . The notice was submitted to both the BSE Limited and the National Stock Exchange of India Limited.

Inox Wind has secured a confirmed work order valued at ₹1,600 crore from NLC India Limited for a 200 MW turnkey wind energy project. The scope includes the supply of wind turbine generators, engineering, procurement and construction (EPC), and post-commissioning operations and maintenance services. The execution timeline is set at 24 months from the order date of July 29, 2026.

Order in Financial Context

The ₹1,600 crore order represents 139.6% of Inox Wind's average quarterly revenue of ₹1,142.25 crore over the last four quarters. As no other orders were disclosed in the last three fiscal quarters, the total disclosed order book is effectively reset to this single transaction. This results in a significant immediate boost to the book-to-bill ratio. Revenue recognition will proceed over the 24-month execution period based on milestone completion.

Company Order Track Record

There were no previous order disclosures found for Inox Wind in the last three fiscal quarters. This ₹1,600 crore win is therefore the sole data point for recent order inflow velocity, making direct trend analysis impossible. However, the magnitude of the order is consistent with the company's scale as a major player in the wind energy sector. This is a fresh inflow event after a period of silence in disclosures, highlighting the lumpy nature of order flow in this sector.

Execution and Revenue Quality

Inox Wind has demonstrated consistent revenue growth and profitability in recent quarters. The following table highlights the consolidated performance:

Quarterly revenues have risen from ₹1,162.50 crore to ₹1,305.50 crore, reflecting an accelerating conversion of backlog to revenue. Operating profit margins have fluctuated between 16.04% and 23.32%, with no quarters showing a net loss or negative OPM, indicating stable execution quality.

Revenue Growth — Order Wins Translating to Revenue

As Inox Wind has sustained order wins, with this recent large-ticket contract marking a fresh inflow after a disclosure gap, its annual revenue has grown from ₹758.40 crore in FY23 to ₹4,397.12 crore in FY26, representing a YoY growth of 18.8% based on the latest annual data. This trajectory suggests that past order conversions have successfully translated into top-line expansion.

Working Capital and Execution Capacity

The balance sheet indicates strong liquidity to support execution. The current ratio stands at 2.01x, providing ample short-term coverage. Total Liabilities/Equity is 0.89x, which includes trade payables and other non-debt liabilities, signaling a conservative leverage profile. Operating cashflow turned positive at ₹138.00 crore in FY25, reversing previous negative trends, although free cashflow remained negative at -₹482.50 crore due to capex of ₹620.50 crore. This suggests that while operations are generating cash, heavy investment continues to pressure free cashflow.

Key Observations

• Valuation check (as of July 29, 2026): P/E of 30.1x against ROCE of 12.3%. Valuation was pricing in execution improvement not yet visible in return ratios. (P/E is price-derived and will change; ROCE is from audited financials)
• Backlog signal: This single order resets the disclosed backlog after three quarters of zero disclosures, highlighting the lumpy nature of order flow in this sector.
• Cash conversion: Operating cashflow of ₹138.00 crore in FY25 marks a turnaround from negative flows in prior years, suggesting improved receivables management or working capital efficiency.
• Client concentration: NLC India Limited accounts for 100% of the currently disclosed order book; diversification in future wins will be critical to mitigate client-specific risk.
• OPM trajectory: Operating margins on this contract should be tracked against the historical average of ~20% to gauge pricing power and cost control.