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Earnings Call

Inox Green Energy Services Earnings Call: Key Takeaways

Inox Green reported strong Q4 FY26 results with total income of ₹120cr (up 40% YoY) and PAT of ₹28cr (up 340% YoY). The company is transitioning to an asset-light, annuity-based renewable O&M model.

Highlights
Revenue growth40% YoY growth in Q4 FY26; 69% YoY growth for full FY26.
MarginsEBITDA margin improved significantly; FY26 EBITDA at ₹210cr.
Order bookPortfolio stands at 13+ GWp including 10.5GW wind assets.
Demand visibilityStrong visibility from 3.1GW IWL order book and IPP additions.

Growth

FY26 Revenue reached ₹426.2cr, up 69% YoY. EBITDA grew 71% to ₹210cr, driven by O&M portfolio expansion.

Outlook

Targeting 14GW hybrid capacity by FY29. Multi-year visibility from IWL’s 3.1GW order book and inorganic acquisitions of 6.5GW.

Risks

Dependence on wind sector policies and execution timelines of parent entities for new O&M contracts.

Source

Earnings Call filed with BSE, NSE: INOXGREEN. Summary written with AI assistance from the document.

Read the document ↗

Inox Green Energy Services Ltd: key numbers

Share price
₹172.32
Market cap
₹6,919 Cr
Revenue (annual)
₹281.0 Cr
Net profit (annual)
₹103.5 Cr
P/E (TTM)
56.8×Sector 25.1×
Promoter holding
56.12%+0.00% QoQ
FII holding
7.86%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Inox Green Energy Services Earnings Call Transcript: Key Takeaways

Inox Wind and Green Energy show strong FY27 Q1 results, pivoting from turn-key to equipment supply to improve working capital. Consolidation of strategic acquisitions and robust group synergies drive growth despite investor skepticism on historical execution.

Call
Guides 75% growth