India's Inox Wind rises on strong outlook

Inox Wind

02/09/2025 11:05

** Shares of Inox Wind INWN.NS settle 1.5% higher at 142.88 rupees, after rising as much as 3.2%

** Wind energy solutions provider raises its earnings before interest, taxes, depreciation, and amortization margin guidance to 18-19% from 17-18% for FY26 aided by pick up in project execution from third-quarter onwards

** Co reiterated its execution guidance of 1,200MW

for FY26 and 2,000MW for FY27

** Analysts at JM Financial say co's revenue is expected to grow at a CAGR of 32% during FY25-FY28, while its profit is expected to rise 36%

** JM Financial maintains "buy", raises PT to 158 rupees from 154 rupees earlier

** Avg rating of 7 analysts covering the stock is "strong buy", their median PT is 192 rupees - data compiled by LSEG

** Stock is down 21% so far in 2025

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))