Inox Green Energy Services delivered impressive profitability improvements in the June 2026 quarter, with consolidated net profit surging 86% to ₹41 crore compared to the previous year. According to CNBC TV18, this significant profit growth was driven by consolidated total income rising 17% to ₹101 crore from ₹86 crore year-on-year. The company's EBITDA increased 19% to ₹57 crore from ₹48 crore, while profit before tax climbed 74% to ₹54 crore. Cash PAT, which includes depreciation and deferred taxes, rose 25% to ₹55 crore, demonstrating strong operational leverage across the business.
The company achieved exceptional operational metrics during the quarter, with machine availability across its portfolio standing at 96.3%. As reported by CNBC TV18, Inox Green's operations and maintenance (O&M) portfolio expanded to around 13.3 GW as of June 2026, including approximately 10.5 GW of wind assets and the balance in solar. This portfolio expansion follows acquisitions of operational wind O&M portfolios, strengthening the company's position as one of India's largest renewable O&M service providers. The company's operating profit margin (OPM) improved to -2.17% from -10.89% in the corresponding quarter of the previous year, reflecting enhanced operational efficiency.
Inox Green has received approval from the National Company Law Tribunal (NCLT), Ahmedabad, to acquire Wind World India Ltd.'s 4.5 GW wind O&M portfolio. According to CNBC TV18, the transaction is expected to be completed in the second quarter of FY27, after which the business will be consolidated into the company's financial statements. The acquired portfolio services marquee customers such as Tata Group, ReNew, Greenko, Apraava Energy and Hindustan Zinc, generated ₹580 crore in revenue in FY26 and carries an annual price escalation clause of around 5%, providing better earnings visibility for the company.
Inox Green Energy Services shares ended 2% higher on Friday ahead of the earnings announcement, as reported by CNBC TV18. However, the stock remains down nearly 14% so far this year. The company completed a demerger of its power evacuation business with effect from August 1, 2026, following the implementation of a scheme of arrangement approved by the NCLT. On a standalone basis, total income from operations stood at ₹55.6 crore, compared with ₹57.7 crore a year earlier, while profit after tax increased to ₹15.5 crore from ₹8.9 crore, demonstrating strong operational improvements across all business segments.
