Board Meeting Details
The Board of Directors meeting was held on August 13, 2026, commencing at 3:00 PM and ending at 4:00 PM, where the financial results were approved.
Consolidated Financial Results (Rs. in Lakhs)
Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)
- Total Revenue: ₹843.58 (Q1 FY27) vs ₹526.78 (Q4 FY26) vs ₹1,155.15 (Q1 FY26)
- Total Expenses: ₹664.09 (Q1 FY27) vs ₹875.41 (Q4 FY26) vs ₹903.27 (Q1 FY26)
- Profit Before Tax: ₹179.49 (Q1 FY27) vs -₹593.08 (Q4 FY26) vs ₹251.88 (Q1 FY26)
- Total Tax Expense: -₹31.12 (Q1 FY27) vs ₹157.52 (Q4 FY26) vs -₹5.81 (Q1 FY26)
- Profit for the Period: ₹210.61 (Q1 FY27) vs -₹750.60 (Q4 FY26) vs ₹257.69 (Q1 FY26)
- Minority Interest: ₹11.23 (Q1 FY27) vs -₹4.70 (Q4 FY26) vs ₹28.24 (Q1 FY26)
- Profit After Minority Interest: ₹199.38 (Q1 FY27) vs -₹745.90 (Q4 FY26) vs ₹229.45 (Q1 FY26)
- Total Comprehensive Income: ₹199.38 (Q1 FY27) vs -₹749.90 (Q4 FY26) vs ₹229.45 (Q1 FY26)
- Earnings Per Share (Basic): ₹0.13 (Q1 FY27) vs -₹0.47 (Q4 FY26) vs ₹0.20 (Q1 FY26)
- Earnings Per Share (Diluted): ₹0.13 (Q1 FY27) vs -₹0.47 (Q4 FY26) vs ₹0.20 (Q1 FY26)
Annual Performance (FY26)
- Total Revenue: ₹4,075.43
- Profit After Minority Interest: ₹0.05
Standalone Financial Results (Rs. in Lakhs)
Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)
- Total Revenue: ₹695.05 (Q1 FY27) vs ₹545.44 (Q4 FY26) vs ₹940.88 (Q1 FY26)
- Total Expenses: ₹528.96 (Q1 FY27) vs ₹735.22 (Q4 FY26) vs ₹754.58 (Q1 FY26)
- Profit Before Tax: ₹166.09 (Q1 FY27) vs -₹434.23 (Q4 FY26) vs ₹186.30 (Q1 FY26)
- Total Tax Expense: ₹9.52 (Q1 FY27) vs ₹196.26 (Q4 FY26) vs -₹5.81 (Q1 FY26)
- Profit for the Period: ₹156.57 (Q1 FY27) vs -₹630.49 (Q4 FY26) vs ₹192.11 (Q1 FY26)
- Total Comprehensive Income: ₹156.57 (Q1 FY27) vs -₹634.49 (Q4 FY26) vs ₹192.11 (Q1 FY26)
- Earnings Per Share (Basic): ₹0.10 (Q1 FY27) vs -₹0.39 (Q4 FY26) vs ₹0.15 (Q1 FY26)
- Earnings Per Share (Diluted): ₹0.10 (Q1 FY27) vs -₹0.39 (Q4 FY26) vs ₹0.15 (Q1 FY26)
Capital Structure
- Paid-up Equity Share Capital: ₹16,100.22 lakhs (as of June 30, 2026, March 31, 2026, and March 31, 2026 for annual)
- Previous period (June 30, 2025): ₹12,880.17 lakhs
Notes to Financial Results
1. Prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
2. Results reviewed by Audit Committee and approved by Board of Directors on August 13, 2026.
3. Statutory auditors conducted a "Limited Review" and submitted their reports.
4. Previous period figures regrouped/reclassified for correspondence with current classification. Shortfall in income attributed to delayed onset of wind season.
5. Segment details not applicable as there is only one segment.
6. Financial results available on company website (https://indowind.co.in) and stock exchange websites.
Auditor's Qualified Opinion (Consolidated and Standalone)
The statutory auditors, Venkatesh & Co (FRN: 004636S), issued qualified limited review reports citing three material departures from Ind AS:
1. Suzlon Group Arbitration Claim:
- Company filed arbitration claim of ₹9,083.39 lakhs against Suzlon Group
- ₹1,494.36 lakhs paid to Suzlon Energy Ltd. accounted as advance without adequate audit evidence and not expensed in earlier years
- ₹845.59 lakhs recognized as compensation receivable from Suzlon Energy Ltd. without counterparty confirmation or measurement under Ind AS 109
- Remaining balance of claim not recognized
- Had advance been expensed and receivable appropriately amortized, profit and loss account under reserves and surplus would have been lower by ₹1,494.36 lakhs and ₹845.59 lakhs
2. Bank of Baroda Legal Claim:
- Company recognized ₹102 lakhs as recoverable from Bank of Baroda based on legal claim pending since 2007 (pending before Bombay High Court)
- Recognition made without confirmation or sufficient audit evidence, not compliant with Ind AS 37 and Ind AS 109
- Had appropriate provision been made, profit before tax would have been lower by ₹102 lakhs
3. Goodwill Impairment Assessment:
- Following merger of Ind Eco Ventures Limited with Indowind Energy Limited (business combination under common control), goodwill of ₹7,454.69 lakhs transferred
- Company has not carried out impairment assessment/test of goodwill as required under applicable Ind AS
- Auditors unable to determine whether impairment loss required or consequential impact on financial statements
Subsidiary Information
- Indowind Power Private Limited: Subsidiary included in consolidated results
- Subsidiary's interim financial information not reviewed/audited
- Reflects total revenue of ₹158.08 lakhs and net profit of ₹22.95 lakhs for quarter ended June 30, 2025
Disclosure Compliance
- Extract of financial results to be published in English and Tamil newspapers pursuant to Regulation 47 of LODR and relevant SEBI Circular(s)
- Results available on company website and stock exchange websites