Inox Wind shares dropped to a fresh 52-week low of Rs 73.56 on Monday after its June quarter profit fell 34% year-on-year and margins shrank.

Behind the fall was a soft Q1FY27 scorecard. Net profit came in at Rs 64.1 crore, down from Rs 97.3 crore a year earlier.

Revenue slipped 1.5% to Rs 814.1 crore, marking the second straight quarter of year-on-year decline on that front.

Profitability took a bigger hit than revenue did. EBITDA fell 17% to Rs 152.5 crore from Rs 183.7 crore, and the EBITDA margin narrowed to 18.7% from 22.2% a year ago.

Put simply, the company made less money on every rupee of sales than it did last year, even before accounting for the drop in profit itself. This isn’t the first soft quarter either.

Revenue has now declined year-on-year for two quarters running, a pattern investors will be watching closely to see if it continues into the second half of the fiscal year. There was some forward-looking news to balance out the weak quarter.

Inox Wind’s order book stands at around 4.4 GW. Its next-generation 4X wind turbine prototype is still on track for installation this month, with a commercial launch planned before the end of FY27.

Separately, group entity INOX Clean Energy expects to add roughly 3 GW of renewable capacity every year. The company also picked up a bit of good news on the corporate front.

The National Company Law Tribunal has cleared its acquisition of Wind World India’s operations and maintenance business, which covers around 4.5 GW of wind capacity. That deal is expected to close in the September quarter.

Despite the weak Q1 numbers, Inox Wind held onto its full-year guidance, still targeting around 75% revenue growth and an EBITDA margin of 20 to 22% for FY27.

As of 14:03 pm, the stock was trading at Rs 73.85 on the NSE, down 5.32% for the day.

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