Inox Green Energy Services' Q1 FY 2025-26 Quarterly Results

Result Summary

• Inox Green Energy Services Ltd reported a 16.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 78.7%.
• Its expenses for the quarter were up by 2.2% QoQ and 22.4% YoY.
• The net profit increased 8.7% QoQ and increased 439.5% YoY.
• The earnings per share (EPS) of Inox Green Energy Services Ltd stood at 0.58 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Inox Green Energy Services Ltd is a company operating in the renewable energy sector, focusing primarily on wind energy services. The company is involved in the operations and maintenance of wind power projects, providing services that ensure optimal performance and longevity of wind energy installations. As a part of the broader Inox Group, it leverages synergies with other group companies involved in wind turbine manufacturing and project development. While specific recent developments for Inox Green Energy Services Ltd are not provided in the data, the renewable energy sector in India has been witnessing significant growth momentum, driven by government initiatives and increasing adoption of sustainable energy solutions.

Revenue

In the first quarter of fiscal year 2026 (Q1FY26), Inox Green Energy Services Ltd reported a total income of ₹97.78 crores, reflecting a robust increase of 16.2% quarter-over-quarter (QoQ) from ₹84.12 crores in the fourth quarter of fiscal year 2025 (Q4FY25). On a year-over-year (YoY) basis, the increase was even more substantial at 78.7%, compared to ₹54.72 crores in the first quarter of fiscal year 2025 (Q1FY25). This significant rise in total income indicates a strong growth trajectory for the company over the past year. The consistent increase in revenue can be attributed to the company's expanding operations and an apparent increase in demand for its services in the renewable energy market.

Profitability

The company's profitability has seen remarkable improvement over both the QoQ and YoY periods. Profit before tax (PBT) for Q1FY26 was reported at ₹33.00 crores, which is a 59.0% increase from ₹20.76 crores in Q4FY25. The YoY growth is particularly noteworthy, with PBT soaring by 1753.9% from ₹1.78 crores in Q1FY25. After accounting for taxes, profit after tax (PAT) for Q1FY26 stood at ₹22.39 crores, up by 8.7% QoQ and a remarkable 439.5% YoY. Earnings per share (EPS) also reflected this upward trend, increasing by 23.4% QoQ and 728.6% YoY to ₹0.58. This substantial improvement in profitability metrics illustrates the company's effective cost management and operational efficiency over the period.

Operating Metrics

The total expenses for Inox Green Energy Services Ltd in Q1FY26 were ₹64.78 crores, showing a modest increase of 2.2% from ₹63.36 crores in Q4FY25. When compared to Q1FY25, total expenses rose by 22.4% from ₹52.94 crores. Despite the increase in expenses, the company's profitability improved considerably, suggesting efficient resource utilization. The tax expense for Q1FY26 was ₹10.61 crores, a significant increase from a tax rebate of ₹0.79 crores in Q4FY25 and a tax expense of ₹0.84 crores in Q1FY25. This change in tax expense could be attributed to the higher profitability before tax. Overall, the company's financial performance in terms of operating metrics indicates steady growth and improved financial health over the past year.