Inox Green posts robust Q3 results, revenue up 34% YoY
Inox Green posts robust Q3 results, revenue up 34% YoY
Inox Green Energy Services Limited reported a significant increase in net profit for Q3, reaching ₹24.67 crore, compared to ₹5.19 crore in the previous year. Revenue grew 33.8% YoY to ₹81.79 crore, driven by strong performance in its core operations and maintenance services. The company is restructuring its business and raised funds through equity shares.
The company is proceeding with the demerger of its power evacuation business into Inox Renewable Solutions Limited.
Inox Green Energy Services Limited (IGESL) on Friday reported a multi-fold increase in its consolidated net profit at ₹24.67 crore for the quarter ended December 31, 2025. The company had reported a net profit of ₹5.19 crore during the same quarter previous fiscal year (Q3 FY25).
Operational highlights
During the quarter under review, revenue from operations grew 33.8% year-on-year (YoY) to ₹81.79 crore from ₹61.13 crore during the year ago quarter, driven by steady execution in its core segment of providing operations and maintenance (O&M) services for wind turbine generators (WTGs) and common infrastructure facilities.
Inox Green is currently undergoing a reset to streamline its focus on high-margin services. The company is proceeding with the demerger of its power evacuation business into Inox Renewable Solutions Limited (formerly known as Resco Global Wind Services Limited). This scheme of arrangement is currently awaiting sanction from the NCLT.
On the capital front, the company raised funds during the quarter through the allotment of 75.86 lakh equity shares at a price of ₹145 per share.
Management outlook
The board also approved the re-appointment of Mukesh Manglik as a whole-time director for a further period of two years, effective May 19, 2026. Manglik, who heads the Engineering and Product Development Department, brings over four decades of experience to the role.
The shares of Inox Green ended 1.70% lower at ₹173.10 apiece on the national stock exchange on Friday. During the past year, the company's stock has delivered a return of nearly 30%, outperforming the benchmark Nifty 50 index that has delivered a return of over 11% during the same period.