Here's a summary of Inox Wind Limited's financial results and business updates: **1. Financial Highlights:** IWL hit record Q1 PAT & Cash PAT.

Revenue grew 32% YoY to 863 Cr; EBITDA 39% to 220 Cr, indicating strong margins.

PAT surged 134% to 97 Cr, Cash PAT 168% to 186 Cr.

Company maintains a net cash balance. **2. Strategic Initiatives & Growth Drivers:** Executed 146 MW (Q1 FY26) and expanded manufacturing/service capabilities.

Targets 1,200+ MW in FY26, aiming for 2+ GW annually by FY27. Group's solar/hybrid RE expansion & Inox Green's 10 GW O&M target provide significant growth potential. **3. Business Developments:** Inox Wind Energy's merger into IWL is complete.

Substation business demerger and merger into Inox Renewable Solutions progressed.

Inox Green secured a 182 MW O&M agreement, strengthening its 5.1 GW portfolio. **4. Market Position & Competitive Advantage:** As a leading, integrated wind energy player with 13+ years experience and 2.5 GW capacity, Inox Wind offers unique turnkey solutions.

Policy shifts favoring domestic manufacturing (ALMM) enhance its competitive edge via an integrated value chain. **5. Investor Implications:** A robust ~3.1 GW order book ensures strong 2-3 year revenue visibility.

Solid group backing and creditworthiness bolster stability.

Well-positioned for positive growth, capitalizing on India's ambitious wind capacity additions and Green Hydrogen targets.