Indowind Energy Q1 FY27 results: revenue dips 28%, auditor gives qualified review

Qualified OpinionRevenue DeclineResults View source PDF Explain this filing

INDOWIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹9.02

prior close

₹8.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.3% vs market

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.1

10m

+1.7

15m

+0.2

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.2+0.1-2.3

Next day

-4.7+0.2-4.9

-7.0+0.6-7.6

-3.5-0.0-3.5

+0.7+0.5+0.2

+2.1+0.8+1.3

+3.3+0.6+2.7

15d

+0.2+1.3-1.0

-1.4-1.4-0.1

-5.8-0.6-5.2

———

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indowind Energy Q1 FY27: consolidated revenue from operations fell 28% YoY to Rs 830.19 lakhs (from Rs 1,153.98 lakhs) due to delayed wind season. Standalone revenue dipped to Rs 672.11 lakhs. Consolidated PAT was Rs 199.38 lakhs (EPS Rs 0.13) vs Rs 229.45 lakhs. Auditor Venkatesh and Co gave a qualified review, flagging Rs 9,083 lakh Suzlon arbitration, unprovided advances, missing goodwill impairment test on Rs 7,454.69 lakh, and unconfirmed Rs 102 lakh Bank of Baroda claim.

Likely market impact

Revenue decline plus auditor qualifications on goodwill and Suzlon-related receivables raise concerns about asset quality and earnings sustainability.