Inox Green Energy Services: Q2 FY26 Performance and Strategic Outlook
Frequently Asked Questions
In Q2 FY26, Inox Green reported a total income of Rs. 129.5 crore (up 101% YoY), EBITDA of Rs. 52.2 crore (up 52% YoY), Profit After Tax (PAT) of Rs. 28.1 crore (up 363% YoY), and Cash PAT of Rs. 50.9 crore (up 121% YoY).
The company completed investments to acquire 6.5 GW of wind O&M assets, increasing its total O&M portfolio to approximately 12.5 GW. This expansion aims to make it the largest Indian RE O&M company.
The demerger of the substation business is expected to eliminate about Rs. 1,000 crore from the balance sheet and remove Rs. 50-55 crore in annual depreciation, leading to higher profitability, ROE, and ROCE for Inox Green.
Inox Green is pursuing organic growth through new long-term O&M contracts from Inox Wind's WTG sales and inorganic growth by acquiring O&M portfolios from other IPPs. It is also expanding into solar O&M through an exclusive arrangement with Inox Solar.
The Indian wind sector is projected for multi-decadal growth, with targets of 122 GW installed wind capacity by 2032. Favorable government policies and the rise of hybrid/RTC/FDRE projects are creating a conducive environment for growth.
The company is implementing 24x7 centralized monitoring of assets, upgrading to SAP HANA, utilizing SCADA analysis, and developing mobile-based O&M management tools to enhance operational efficiency and predictive maintenance.
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