Inox Green Energy Services Limited
Q1 FY26 Results Announcement – 14 August 2025

  • Revenue:

    • Standalone: ₹4,785 Lakh, down 15.4% QoQ (₹5,660 Lakh in Q4 FY25), up 7.0% YoY (₹4,472 Lakh in Q1 FY25)
    • Consolidated: ₹9,778 Lakh, flat QoQ (₹9,707 Lakh), up 78.6% YoY (₹5,472 Lakh)

  • EBITDA & Margins:

    • Standalone EBITDA: ₹2,671 Lakh; margin ~38%
    • Consolidated EBITDA: ₹4,770 Lakh; margin ~49%

  • Profit After Tax (PAT):

    • Standalone: ₹888 Lakh vs ₹1,323 Lakh in Q4 FY25
    • Consolidated: ₹2,239 Lakh vs ₹644 Lakh in Q4 FY25 (includes continuing operations only)

  • Earnings Per Share (EPS):

    • Standalone Basic/Diluted EPS: ₹0.24
    • Consolidated Basic/Diluted EPS (continuing ops): ₹0.58

  • Balance Sheet / Other Financials:

    • Paid-up equity capital steady at ₹36,702 Lakh
    • Rs. 11,878 Lakh receivables related to O&M services yet to be billed
    • Investments of ₹5,578 Lakh in 6 SPVs with regulatory and litigation uncertainties; bank guarantees invoked; appeals filed with regulatory authorities

  • Management Commentary:

    • Revenue recognition for O&M services on a straight-line basis; no material adjustments expected for machine availability delays
    • Pending regulatory and litigation matters related to SPV investments; management expects favorable outcomes without material impact
    • Demerger of Power Evacuation business approved by Board, pending regulatory and NCLT approvals
    • Related party transactions of ₹220 Lakh during the quarter accounted as stock-in-trade purchases

  • Segment Performance:

    • Standalone: Single segment – O&M services for wind turbines and infrastructure in India
    • Consolidated: Multiple segments including O&M, power generation, and trading income

  • Key Developments:

    • Sale of shareholding in 3 SPVs completed in previous year
    • Equity issuance in previous year included 2.89 crore shares and 4.48 crore convertible warrants; partial warrant conversion completed

  • Outlook:

    • No explicit guidance provided; management highlights ongoing regulatory appeals and corporate restructuring activities

This summary reflects the company’s Q1 FY26 financial and operational status as presented in the results announcement dated 14 August 2025.