Shares of Inox Wind Ltd rose 6% to touch a day’s high of Rs 148.21 on 19th August, after the company said it had divested a stake worth about Rs 175 crore in its subsidiary Inox Renewable Solutions Ltd. (IRSL).

Inox Wind stated in a regulatory filing that it has signed agreements, executed on 18th August, to sell 49.6 lakh equity shares of its EPC arm, IRSL, valued at approximately Rs 7,400 crore. The stake sale, worth Rs 175 crore, is expected to close within seven days.

IRSL, earlier known as Resco Global Wind Services, posted revenue of Rs 217.98 crore in FY25, contributing 6% to Inox Wind’s consolidated revenue. Its net worth stood at Rs 935 crore, or 14% of the parent company’s net worth.

For Q1 FY26, Inox Wind reported a consolidated net profit of Rs 105.8 crore, up sharply from Rs 10.3 crore a year earlier, supported by higher other income and lower finance costs. Revenue grew 29.2% year-over-year to Rs 826.3 crore, while EBITDA margin expanded to 22.2% from 21.1%.

The company also took a deferred tax charge of Rs 40 crore, reversing deferred tax assets recognised earlier. Order intake during the quarter was 51 MW, bringing the total order book to 3.1 GW with an execution horizon of over 24 months.

At 12:48 PM, the shares of Inox Wind were trading 2.97% higher at Rs 144.15 on NSE.

Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!