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Inox Green Energy Services Limited Q2 FY26 results deck summary

NSE: INOXGREEN · BSE: 543667

Results deck of 14 Nov 2025, summarised by AI from the filing.

Inox Green Q2 FY26 total income ₹129.5 cr, up 101% YoY, with 6.5 GW O&M acquisition taking portfolio to ~12.5 GW.

Key takeaways

  1. Q2 results Total income ₹129.5 cr (Q2 FY25: ₹64.4 cr, up 101% YoY); profit after tax ₹28.1 cr (Q2 FY25: ₹6.1 cr, up 363% YoY).
  2. FY27 profitability Acquired 6.5 GW O&M assets consolidate into the P&L in FY27; profitability for FY27 to grow manifold over FY26.
  3. Portfolio Inox Green completed investments to acquire 6.5 GW of wind O&M assets, taking its O&M portfolio to ~12.5 GW.
  4. Demerger Demerger of substation business from Inox Green and merger into Inox Renewable Solutions received shareholder and creditor approval.
  5. NCLT The demerger scheme is being filed in the NCLT for approval; post approval it will eliminate depreciation and raise profit after tax.

Original filing on BSE

Inox Green Energy Services Limited Q1 FY27 results

As filed: Revenue ₹43.3 cr (−23% year on year), EBITDA −₹0.9 cr (−116% year on year), PAT ₹40.8 cr (+85% year on year), EBITDA margin -2.2% (−1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹68.7 cr (+1% year on year), EBITDA −₹2.8 cr, PAT ₹28.4 cr (+300% year on year), EBITDA margin -4.1% (−408 bps). Score 34 of 100, Below trend. Revenue growth was below the company's own trend; profit growth was above it. EBITDA margin fell 408 bps year on year. Other income 111% of PBT. Tax rate 37%. Consolidated profit +373% but standalone -44%. Revenue fell 16% from last quarter. Share price after the results: +18.4% in 27 days (Nifty 500: +2.0%).
  • Q3 FY26: Revenue ₹81.8 cr (+34% year on year), EBITDA ₹22.7 cr (+51% year on year), PAT ₹24.7 cr (+300% year on year), EBITDA margin 27.8% (+319 bps). Score 61 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 319 bps year on year. Other income 75% of PBT. Tax rate 38%. Revenue fell 5% from last quarter. Share price after the results: −15.8% in 28 days (Nifty 500: −8.2%).
  • Q2 FY26: Revenue ₹86.0 cr (+56% year on year), EBITDA ₹8.0 cr (−58% year on year), PAT ₹28.0 cr (+300% year on year), EBITDA margin 9.3% (−1,000 bps). Score 66 of 100, Above trend. Revenue and profit growth were well above the company's own trend; EBITDA growth was well below it. EBITDA margin fell 1000 bps year on year. Other income 107% of PBT. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −19.4% in 28 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹56.0 cr (+10% year on year), EBITDA ₹6.0 cr (−65% year on year), PAT ₹22.0 cr (+300% year on year), EBITDA margin 10.7% (−1,000 bps). Score 47 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was well above it. EBITDA margin fell 1000 bps year on year. Other income 127% of PBT. Revenue fell 18% from last quarter. Share price after the results: +10.8% in 29 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹68.0 cr (+31% year on year), EBITDA ₹0.0 cr (−100% year on year), PAT ₹6.0 cr (−71% year on year), EBITDA margin 0.0% (−1,000 bps). Score 44 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was well below it. EBITDA margin fell 1000 bps year on year. Other income 242% of PBT. Tax rate 50%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −14.2% in 28 days (Nifty 500: +3.6%).
  • Q3 FY25: Revenue ₹61.0 cr (+2% year on year), EBITDA ₹15.0 cr (−21% year on year), PAT ₹5.0 cr, EBITDA margin 24.6% (−708 bps). Score 27 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 708 bps year on year. Other income 118% of PBT. Tax rate 45%. Profit fell 17% from last quarter.
  • Q2 FY25: Revenue ₹55.0 cr (+17% year on year), EBITDA ₹19.0 cr (+46% year on year), PAT ₹6.0 cr (0% year on year), EBITDA margin 34.6% (+689 bps). Score 68 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend. EBITDA margin rose 689 bps year on year. Other income 90% of PBT. Tax rate 40%. Consolidated profit +0% but standalone +83%.

Past price moves after results do not indicate future moves. Not a recommendation.

Inox Green Energy Services Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.