Indowind Energy Limited showcased a notable recovery in its Q3 FY26 financial performance, marking a significant turnaround from previous year losses while strengthening its position for future growth through strategic initiatives and successful fundraising.

Financial Performance Highlights

The company's quarterly performance demonstrated steady improvement with consolidated revenue reaching ₹6.19 crores in Q3 FY26 compared to ₹5.89 crores in Q3 FY25, reflecting a 5% year-on-year growth. Most significantly, the company returned to profitability by reporting a PAT of ₹0.35 crores during the quarter, compared to losses in Q3 FY25.

Nine-Month Performance Shows Strong Momentum

The nine-month performance painted an even more encouraging picture, with consolidated revenue increasing to ₹35.49 crores, registering substantial 21.61% year-on-year growth. EBITDA performance was particularly impressive, growing by 29.39% to ₹16.98 crores compared to ₹13.13 crores in nine months FY25.

Strategic Initiatives and Capital Strengthening

During the period, Indowind Energy successfully completed a rights issue, raising ₹49.42 crores, which significantly strengthened the balance sheet and enhanced financial flexibility. The company also secured Karnataka government approval for setting up a 4-megawatt solar project, marking its expansion into solar energy.

The board approved several strategic measures to support long-term growth:

• Increase in authorized share capital from ₹175 crores to ₹275 crores
• Approval for overseas fundraising of up to $70 million for bond issue
• Increase in borrowing limit to ₹1,500 crores
• Change in pattern of utilizing rights issue proceeds through subsidiaries

Expansion and Investment Plans

Management outlined comprehensive expansion strategies including the formation of new subsidiaries and strategic investments. The company proposed investing up to ₹10 lakhs in Nova Power Private Limited to make it a subsidiary for implementing the 4-megawatt solar project. Additionally, plans include investing ₹10 lakhs to incorporate a new subsidiary for O&M services.

A significant strategic move involves investing up to 20% equity in EverOn Power, which operates 19 megawatt renewable energy assets and has project EPC capabilities worth ₹57 crores. This investment aims to capture turnover and profits in consolidated results for future growth.

Operational Insights and Future Outlook

Promoter Bala Venkat Kutti attributed the improved performance to better wind conditions and successful asset acquisitions completed in the previous year. The company's in-house O&M capabilities provide approximately 15% cost savings compared to outsourcing, while maintaining operational control across all wind assets.

Looking ahead, management identified three key priorities: maintaining existing assets at optimal efficiency, completing the 4-megawatt solar expansion project, and exploring inorganic growth through strategic acquisitions. The company is also evaluating opportunities in data center power supply and battery storage solutions to enhance revenue stability across quarters.

Indowind Energy Ltd has announced a board meeting scheduled for January 29, 2026, to deliberate on quarterly financial results and several strategic corporate initiatives. The meeting notification was issued on January 23, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board meeting will address multiple significant matters that could impact the company's operational and financial structure. The primary focus will be on reviewing the company's quarterly performance and implementing strategic changes to support future growth.

Financial Results Review

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. This represents the third quarter performance for the financial year 2025-26, providing stakeholders with insights into the company's operational performance during this period.

Strategic Corporate Actions

The meeting agenda includes several strategic initiatives aimed at strengthening the company's capital structure and operational framework. The proposed increase in authorized share capital, coupled with alterations to the Memorandum of Association, indicates potential expansion plans or restructuring activities.

The board will also review project composition changes related to the objects specified in the Letter of Offer dated November 13, 2025. These modifications are specifically aimed at enhancing revenue growth, suggesting the company's focus on optimizing its project portfolio for better financial performance.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, Indowind Energy has implemented a trading window closure for designated persons. The restriction became effective from January 1, 2026, and will continue until 48 hours after the declaration of financial results.

Results Publication Timeline

Following the board meeting conclusion, the company will upload the financial results on its official website and publish extracts in newspapers within 48 hours. This timeline ensures compliance with regulatory requirements and provides timely information dissemination to stakeholders and the investing public.