Inox Green Energy Services' Q2 FY 2025-26 Quarterly Results

Result Summary

• Inox Green Energy Services Ltd reported a 32.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 101.0%.
• Its expenses for the quarter were up by 36.8% QoQ and 61.8% YoY.
• The net profit increased 25.4% QoQ and increased 363.2% YoY.
• The earnings per share (EPS) of Inox Green Energy Services Ltd stood at 0.74 during Q2 FY 2025-26.

Financial Statments for Q2 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 primarily involved in the renewable energy sector, focusing on providing operation and maintenance services for wind turbine generators. The company operates within the broader renewable energy industry, which is characterized by a growing emphasis on sustainable and clean energy solutions. As of the latest available data, there are no specific major developments noted for Inox Green Energy Services Ltd. The company plays a vital role in supporting the infrastructure necessary for wind energy production, contributing to the broader goals of reducing carbon emissions and promoting sustainable energy sources.

Revenue

In the second quarter of the financial year 2026 (Q2FY26), Inox Green Energy Services Ltd reported a total income of ₹129.48 crores. This marks a significant increase when compared to the ₹97.78 crores recorded in the first quarter of the same financial year (Q1FY26) and ₹64.41 crores from the second quarter of the previous financial year (Q2FY25). The quarter-over-quarter (QoQ) growth rate for total income stands at 32.4%, while the year-over-year (YoY) growth rate is an impressive 101.0%. These figures indicate a robust revenue performance over both the quarterly and annual periods, reflecting the company's growth trajectory in its market.

Profitability

Inox Green Energy Services Ltd achieved a profit before tax of ₹40.89 crores in Q2FY26, which is an increase from ₹33.00 crores in Q1FY26 and ₹9.67 crores in Q2FY25. The profit after tax for the same quarter was ₹28.07 crores, compared to ₹22.39 crores in the previous quarter and ₹6.06 crores in the same quarter last year. The QoQ growth in profit after tax is 25.4%, while the YoY growth is 363.2%. Earnings per share (EPS) for Q2FY26 stood at ₹0.74, up from ₹0.58 in Q1FY26 and ₹0.17 in Q2FY25, with a QoQ increase of 27.6% and a YoY increase of 335.3%. The company's profitability metrics show strong growth, reflecting enhanced operational efficiencies or market conditions.

Operating Metrics

The total expenses for Inox Green Energy Services Ltd in Q2FY26 were ₹88.59 crores, up from ₹64.78 crores in Q1FY26 and ₹54.74 crores in Q2FY25. The increase in expenses corresponds to a QoQ rise of 36.8% and a YoY increase of 61.8%. Despite the rise in expenses, the profit before tax grew substantially, suggesting effective management of operational costs relative to income growth. Additionally, the tax provision for Q2FY26 was ₹12.82 crores, showing an increase from ₹10.61 crores in Q1FY26 and ₹3.59 crores in Q2FY25, with respective QoQ and YoY growth rates of 20.8% and 257.1%. This reflects a growing tax liability commensurate with increased profitability.