Inox Green Energy Services delivered exceptional financial performance in Q4FY26, with consolidated net profit surging to ₹27.79 crore compared to ₹5.56 crore in the corresponding quarter of the previous year. According to the latest financial data, this represents a substantial 399.82% year-on-year growth in profitability. The strong performance was primarily driven by higher income from the company's core wind power operation and maintenance business, with basic and diluted earnings per share from continuing operations standing at ₹0.71 each for the quarter against ₹0.20 a year ago.
The company's total income increased significantly to ₹68.67 crore during the January-March quarter, up from ₹64.54 crore in Q4FY25, representing a 6.40% quarter-on-quarter growth. As reported by Business Standard, this demonstrates the company's expanding business operations and improved market position in the wind power O&M sector. The revenue growth was supported by higher other income of ₹50.8 crore during the quarter, compared with ₹20.8 crore a year earlier, which contributed significantly to earnings growth. On a sequential basis, revenue from operations declined 11.9% from ₹78.0 crore reported in Q3FY26, while profit after tax increased 15% from ₹24.7 crore.
Despite the substantial revenue growth, Inox Green Energy Services maintained disciplined cost management during the quarter. According to the company's financial disclosure, expenses stood at ₹73.71 crore compared to ₹72.01 crore in Q3FY26. Finance costs declined significantly to ₹1.8 crore from ₹4.2 crore in the year-ago quarter, supporting profitability. The company's EBITDA rose to ₹57.2 crore from ₹29.6 crore a year ago, indicating improved operating profitability. Tax expense for the quarter stood at ₹17.1 crore compared with ₹4.9 crore in Q4FY25, reflecting the company's expanded operations and higher profitability levels.
For the full financial year FY26, Inox Green Energy Services demonstrated strong annual performance with consolidated revenue from operations increasing 28% to ₹281.01 crore from ₹220.19 crore in FY25. Net profit rose sharply to ₹102.39 crore from ₹19.80 crore in the previous year, while EBITDA expanded to ₹209.7 crore from ₹122.8 crore. The company also received approval for the demerger of its Power Evacuation business into Inox Renewable Solutions Limited, with the scheme becoming effective on May 4, 2026. The company continues to operate primarily in operations and maintenance services for wind turbine generators and common infrastructure facilities, with management stating it continues to recognise O&M revenue over the contract period.
