Inox Wind Share Price: Brokerage Revises Target On Green Energy Stock After Strong Q2 Profit; Time To Buy?

Inox Wind Share Price Today: Inox Wind share price is trading higher during Monday's trading session as investors turned bullish on the green energy stock after 52% surge in net consolidated profit in the September quarter of the financial year 2025-26.

Inox Wind shares opened 2% higher at Rs 152 per share on BSE with a market capitalisation of Rs 26,269.21 crore on BSE on Monday. The stock had closed at Rs 148.90.

Inox Wind Q2 Result Recap

Inox Wind Limited witnessed its strongest-ever quarterly performance in Q2FY26, as indicated by the company's results released on Friday, November 14. The renewable energy firm posted a 43% surge in its consolidated net profit to Rs 121 crore. Whereas, the company's revenue from operations jumped around 56% on an annual basis to Rs 1,162 crore. Inox Wind's EBITDA increased around 48% on a year-on-year basis to Rs 271 crore. The firm's profit before tax surged by a whopping 93%to Rs 169 crore.

Compan's cash profit (cash PAT) surged around 66% annually to Rs 220 crore. The quarterly performance of the company also improved due to strong execution during the quarter and strong order inflow during the financial year.

Inox Wind Share Price Recommendation

Motilal Oswal has maintained a 'buy' rating for the stock with a target price of Rs 190 per share. The brokerage has indicated a 28% upside in the stock's valuation. The upward revision in Inox Wind share price target was led by the company's in-line order growth, execution of projects, and surge in profit.

"We maintain a BUY rating and arrive at a TP of INR190 by applying a target P/E of 24x to FY28E EPS, which represents a 20% discount to our target multiple for SUEL," read Motilal Oswal's report released on Monday.

" Inox Wind's 2QFY26 deliveries at 202MW were in line with our estimate, whereas revenue came in below our estimate by 8% at INR11.2b (+53% YoY, +35% QoQ). EBITDA stood at INR2.3b (+32% YoY, +24% QoQ), exceeding our estimate by 4%. EBITDA margin was 20% (our est. 18%). APAT at INR0.9b missed our est. by 14%."

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