Q1-FY25 · Devansh Jain
The Q1 results are a testimony of the hard work of the last several years. We are now on the runway, ready for a massive take-off for the massive growth journey ahead.
Inox Wind · tone and specificity signals across the available quarters.
Language signals
The Q1 results are a testimony of the hard work of the last several years. We are now on the runway, ready for a massive take-off for the massive growth journey ahead.
For us, credibility, reputation, and financial management is absolutely topmost priority.
We are not upping our guidance at this point in time.
We have been able to maintain our execution at 140 megawatts during this period, despite the typical seasonal monsoon challenges faced during the quarter.
Our royalty payment for our 3 MW wind turbine will stop after FY 2025, resulting in immediate addition to our bottom line.
We are not really looking at competing for C-grade quality orders or C-grade customers, and to that extent, certain players are more than welcome to pick those orders up.
We are pleased to inform you that we have been able to deliver the best-ever Q2 in Inox Wind history, despite the quarters being substantially impacted due to monsoons.
I think it's a bold move. It's a proactive move. I think putting aside the so-called optical negative input, I think it's a very positive move for the sector to move towards actual genuine bids.
I think we are very near a point where we would, over the next few months, be India's largest renewable O&M services company, which would continue to grow at a very, very healthy pace.
We are maintaining our guidance of 17% on a yearly basis, and we believe we do not give any guidance based upon the quarterly basis.
The initiatives which we have taken will add 100 to 200 basis points in the next financial year in FY26.
We are very confident of achieving our FY26 guidance, which should be reflected in our Q4 FY25 performance.
We are recalibrating our guidance for both financial year 26 and financial year 27. Going ahead, we'll be providing revenue and EBITDA margin figures and growth thereof, resulting in more certainty for investors and analyst on the annual numbers instead of the megawatt numbers.
It's only about shifting one quarter here and there. That's how it is always.
We are definitely on track to achieve more than 2 GW annually, but I will shy away from giving you the exact timeline for that.