Inox Green Energy Services achieves record financial performance in Q2 FY'26

Inox Green Energy Services Limited (IGESL) reported its best-ever financial performance for Q2 FY'26, with total income surging by 101% year-on-year to INR 129.5 crores. EBITDA also saw a significant increase of 52% year-on-year to INR 52.2 crores, while profit after tax (PAT) grew by 363% year-on-year to INR 28.1 crores. The company's cash PAT reached INR 50.9 crores, up 121% year-on-year.

The company's O&M portfolio has expanded to 12.5 gigawatts, driven by both organic growth and strategic investments to acquire operational wind assets. IGESL aims to achieve 17 gigawatts of O&M portfolio within the next two years, positioning itself to become India's largest renewable O&M player. The de-merger of the substation business from Inox Green is also expected to enhance profitability and improve return on equity (ROE) and return on capital employed (ROCE).

Inox Wind Limited, the parent company, also delivered a strong Q2, executing 202 megawatts and reaching 350 megawatts in H1 FY'26. The company reported a consolidated revenue of INR 1,162 crores, a 56% year-on-year increase, with an EBITDA of INR 271 crores (up 48% year-on-year) and PAT of INR 121 crores (up 43% year-on-year). Inox Wind's order book stands at over 3.2 gigawatts, securing execution visibility for 18 to 24 months.