Inox Green Energy Reports Consolidated PAT of Rs 103 Crore for FY26

Consolidated PAT reached Rs 103 crore in FY26, up from Rs 22 crore in FY25.
Total income rose significantly to Rs 426 crore from Rs 252 crore in the previous year.

Reader Takeaway: Strong profit growth and portfolio expansion drive sentiment, while integration of new assets remains a critical monitorable.

What just happened

Inox Green Energy Services Limited released its annual financial performance for FY26, highlighting a period of transition and growth. The company successfully demerged its power evacuation business into Inox Renewable Solutions effective August 1, 2026, pivoting toward an asset-light O&M platform. Operationally, the company reached a 13 GWp portfolio milestone and secured the NCLT-approved acquisition of a 4.5 GW wind O&M portfolio from Wind World India.

Why this matters

The shift to an asset-light model aims to improve margins and simplify operations. With the Wind World India acquisition set for completion in Q2 FY27, the company is positioning itself for aggressive growth, targeting a 20 GW portfolio over the next two years. The 14th AGM, scheduled for September 25, 2026, will address key resolutions including the reappointment of senior leadership and ratification of material related party transactions.

Risks to watch

Investors should monitor the integration risks associated with the large Wind World India acquisition. Additionally, the 'Emphasis of Matter' noted by auditors regarding specific O&M service billings and the recent demerger requires ongoing attention to ensure operational transparency.

What to track next

The primary focus for shareholders will be the integration process of the new wind assets and the subsequent impact on consolidated EBITDA margins. The company's ability to maintain its target portfolio expansion path through FY27 will be a key performance indicator.