Earnings Miss: Inox Wind Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts

Inox Wind Limited (NSE:INOXWIND) just released its latest second-quarter report and things are not looking great. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at ₹11b, statutory earnings missed forecasts by 13%, coming in at just ₹0.70 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Inox Wind after the latest results.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

Taking into account the latest results, the current consensus from Inox Wind's six analysts is for revenues of ₹61.9b in 2026. This would reflect a major 48% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹66.4b and earnings per share (EPS) of ₹5.30 in 2026. Overall, while there's been a minor downgrade to revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important following the latest results.

Check out our latest analysis for Inox Wind

There's been no real change to the consensus price target of ₹202, with Inox Wind seemingly executing in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Inox Wind, with the most bullish analyst valuing it at ₹281 and the most bearish at ₹170 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Inox Wind's rate of growth is expected to accelerate meaningfully, with the forecast 119% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 43% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 20% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Inox Wind to grow faster than the wider industry.

The Bottom Line

The clear low-light was that the analysts cut their forecast revenue estimates for Inox Wind next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

At least one of Inox Wind's six analysts has provided estimates out to 2028, which can be seen for free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Inox Wind that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.