Indowind Energy Reports 29.4 Percent YoY EBITDA Growth for 9M FY26; Unveils Fund Raising, Investment Plan

• 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

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