India's Inox Wind falls on first quarter profit drop

Inox Wind

10/08/2026 07:09

** Shares of India's Inox Wind INWN.NS fall 3.59% to 75.20 rupees, on track for fourth session of losses
** Co's first quarter profit after tax fell 34.1% Y/Y; total income from operations rose 1.05%
** Motilal Oswal ("Buy", TP:92 rupees) says Q1 revenue and EBITDA missed estimates by 15% and 18%, respectively
** Brokerage cuts FY27/FY28 revenue estimates by 8%/10%, citing lower expected wind turbine deliveries
** INWN rated "strong buy" on average by 6 analysts, median PT at 115 rupees --LSEG compiled data
** YTD stock down 39.11%


($1 = 95.2250 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))