Inox Green Q1 PAT Surges 86% YoY to ₹41 Crore

Machine availability for the portfolio stood at 96.3% in Q1 FY27
Renewable O&M portfolio stood at ~13.3 GWp as of June 2026 (~10.5 GW of wind assets and the balance being solar assets)
Portfolio includes investments made to acquire ~6.5 GW of operational wind O&M portfolio of two companies
Provides comprehensive O&M solutions for WTGs, solar and common infrastructure for renewable power projects
Established track record in wind energy O&M industry of >14 years
Technology driven company with focus on predictive maintenance over reactive maintenance

Pan-India presence with 24x7 centralized monitoring of assets and focus on preventive maintenance

Revenue from operations: Rs. 43.3 crore

Other Income: Rs. 57.9 crore

Total Income: Rs. 101.2 crore

EBITDA: Rs. 57.0 crore

PAT: Rs. 40.8 crore

Cash PAT: Rs. 54.8 crore

Total income up 17% YoY (Q1 FY27: Rs 101 crore vs Q1 FY26: Rs 86 crore)

EBITDA up 19% YoY (Q1 FY27: Rs 57 crore vs Q1 FY26: Rs 48 crore)

PBT up 74% YoY (Q1 FY27: Rs 54 crore vs Q1 FY26: Rs 31 crore)

PAT up 86% YoY (Q1 FY27: Rs 41 crore vs Q1 FY26: Rs 22 crore)

Cash PAT up 25% YoY (Q1 FY27: Rs 55 crore vs Q1 FY26: Rs 44 crore)

Higher other income and operational efficiencies

Post demerger of power evacuation business completed as on August 1, 2026 (record date)

Asset-light balance sheet post demerger

Finance costs: Rs. 2.1 crore in Q1 FY27

Not Specified

Received NCLT approval for acquisition of ~4.5 GW wind O&M portfolio of Wind World India Ltd (erstwhile Enercon India)
Transaction formalities expected to be completed in Q2 FY27, after which financial consolidation will take place
Acquired O&M portfolio services marquee clients including Tata Group, ReNew, Greenko Group, Apraava Energy and Hindustan Zinc
Assets spread across Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh and Andhra Pradesh
Portfolio generated revenue of Rs. 580 crore in FY26 with contracted annual price escalation of approximately 5%
Significant scope for operational efficiencies through enhanced service offerings, price and cost optimization

India's per capita electricity consumption expected to triple
India targets 500 GW/1,800 GW of non-fossil fuel capacity by 2030/2047
Solar + Wind forms 40% of total installed capacity
India's onshore wind potential: 695 GW at 120m hub height and 1,164 GW at 150m hub height
Highest ever wind installations in FY26 with 8-10 GW annual wind installations expected in near term
Out of 9.34 GW renewables capacity awarded through tenders in Q1 FY27, 4.55 GW (49%) comprised wind/Hybrid/FDRE projects
All-India RE capacity (excl large hydro of 51GW) reached ~237 GW in Jun'26

Positioned to benefit from group synergies with Inox Wind (4.4 GW orderbook) and Inox Clean (targeting 3 GW+ annual capacity addition)
Multiple inorganic growth opportunities from customers looking to switch to strong Indian O&M service providers
Opportunities to takeover O&M portfolios of large IPPs/developers managing portfolio captively
Organic growth through new long-term O&M contracts with Inox Wind customers and Group IPP platform Inox Clean
Value added services including WTG overhaul packages and output enhancement contributing to topline
On track to become one of the largest renewable O&M companies globally

ISO 14001:2015 Environment Management System certification
Scope 1 emissions: 1009 tons CO2 equivalent (diesel use)
Scope 2 emissions: 93 tons CO2 equivalent (purchased electricity)
Scope 3 emissions: 456 tons CO2 equivalent (purchased goods/services, capital goods, fuel energy, waste)
Reduction measures: Replacing diesel with greener fuels, using green energy, purchasing low carbon footprint goods

#CompanyName: Inox Green Energy Services Limited