Inox Renewable Solutions, formerly known as Resco Global Wind Services Pvt Ltd, undertakes EPC contracts in the renewable energy sector. The company described the divestment as part of its efforts to strengthen operations and unlock value.
Q1 earnings
The announcement comes on the heels of Inox Wind’s June-quarter results. Net profit for the company jumped 134% to Rs 97.3 crore in the first quarter of FY26 from Rs 41.6 crore a year earlier. Profit before tax rose 167% to Rs 138 crore in the June quarter, while cash profit surged 168% to Rs 186 crore.Revenue increased 29.2% year-on-year to Rs 826.3 crore during Q1 FY26, compared with Rs 639.2 crore in the same quarter last year. Earnings before interest, taxes, depreciation and amortisation climbed 36.5% to Rs 183.8 crore during the quarter, while EBITDA margin expanded to 22.2% from 21%.
Order execution stood at 146 megawatt (MW), short of consensus estimates of 180 MW. The company’s order book remained strong at around 3.1 gigawatt (GW).
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Stock performance and technicals
Inox Wind shares remain down 21% so far in 2025 and have dropped 10% over the past month.
Technically, the stock trades below six of its eight key simple moving averages, including the 20-day, 30-day, 50-day, 100-day, 150-day and 200-day levels, though it is above the 5-day and 10-day averages.
The Relative Strength Index is at 29.6, signaling oversold conditions, while the Moving Average Convergence Divergence reading of -7.6 points to continued bearish momentum.
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