Inox Green Energy Q1 net profit surges over five times to ₹22 crore

The company’s total income stood at ₹98 crore, marking a 79% increase from ₹55 crore recorded in the same period last year. EBITDA rose 61% to ₹48 crore from ₹30 crore in the same period last year.

The company’s revenue for the quarter stood at ₹56.20 crore, marking 11% increase from ₹51 crore in the corresponding period last year.

Inox Green Energy’s profit before tax rose to ₹33 crore from ₹2 crore in the year-ago quarter, an increase of 1,753%. On the other hand, Profit after tax grew.

Inox Green Energy Services announced that machine availability for its portfolio averaged 95.6% in the first quarter of FY26, according to the company’s investor presentation. During April-May 2025, it expanded its renewable O&M footprint by adding about 1.6 GWp of solar contracts, taking the total portfolio to nearly 5.1 GW.

In a separate development, the renewable energy service provider signed an agreement for the comprehensive operations and maintenance of 182 MW of wind projects owned by one of India’s largest conglomerates.

Meanwhile, the scheme for the demerger of its substation business and subsequent merger into Inox Renewable Solutions Ltd received a ‘no objection’ from the stock exchanges, allowing the restructuring process to move forward.

Shares of Inox Green Energy ended 0.27% down at ₹154.89 apiece on the NSE on Thursday, August 14. The stock opened at ₹158.30 per share.

The company's market capitalisation stands at ₹5,729 crore.

The stock price has declined by 1.34% in the last five days. Over the last one month, similarly, it has advanced by 4.04%.

In the last six months, the stock has zoomed by 24.14%, while the year-to-date drop stands at 12.18%. The stock touched its 52-week high of ₹224.65 apiece on the NSE on September 13, 2024, and it hit its 52-week low of ₹95.65 per share on April 7, 2025.