Financial Results (Standalone)

The Board approved the unaudited standalone financial results for the quarter ended June 30, 2026, reviewed by M/s. Dewan P N Chopra & Co.

Key Financial Figures (₹ in Lakh):

  • Revenue from operations (continuing): ₹2,952
  • Total Income: ₹5,562
  • Total Expenses: ₹3,386
  • Profit before tax (continuing): ₹2,176
  • Total Tax Expense: ₹629
  • Profit after tax from continuing operations: ₹1,547
  • Profit/(Loss) after tax from discontinued operations: Nil
  • Total Comprehensive Income: ₹1,547
  • EBITDA (continuing): ₹2,383
  • Paid-up Equity Share Capital (Face value ₹10 each): ₹40,149
  • Basic & Diluted EPS from continuing operations (₹): 0.39 (not annualized)
  • Basic & Diluted EPS from discontinued operations (₹): Nil

Comparative Figures (₹ in Lakh):

  • Q1 FY26 (Jun 30, 2025): Revenue ₹4,785; PAT ₹888
  • Q4 FY26 (Mar 31, 2026): Revenue ₹5,354; PAT ₹761
  • FY26 (Mar 31, 2026): Revenue ₹23,848; PAT ₹5,338

Management Re-appointments

1. Shri Manoj Dixit (DIN: 06709232): Re-appointed as Whole-time Director for a further period of 2 years, effective October 8, 2026, subject to shareholder approval. His current term expires on October 7, 2026. He holds a Master's in Mechanical Engineering and has 28 years of experience in power management and project development.

2. Ms. Bindu Saxena (DIN: 00167802): Re-appointed as Independent Director for a second term of 5 years, effective December 14, 2026, subject to shareholder approval. She is a practicing advocate and partner at M/s. Swarup & Company.

Both directors confirmed they are not debarred from holding office and meet the required independence criteria.

Auditor's Review Report Emphasis of Matter

The auditors, Dewan P N Chopra & Co., issued an unmodified review report but drew attention to:

1. Note 3: Invested funds in 6 SPVs (Special Purpose Vehicles) for wind farm projects. The company provided Inter-Corporate deposits and bank guarantees of ₹5,578 Lakh. The SPVs' project completion date expired, extensions were rejected, and a bank guarantee was invoked. The company is appealing to APTEL. An agreement states Inox Wind Limited will bear costs if recovery fails.

2. Note 4: Revenue recognition policy for O&M services is on a straight-line basis. Services rendered worth ₹11,212 Lakh are yet to be billed. Management expects no material adjustment.

3. Note 5: No material adjustment is required for certain O&M contracts concerning machine availability.

Discontinued Operations (Demerger)

The demerger of the Power Evacuation business into Inox Renewable Solutions Limited (formerly Resco Global Wind Services Limited) was sanctioned by the NCLT, Ahmedabad on March 13, 2026. The scheme became effective on May 4, 2026, after filing with the RoC. Shareholders will receive 122 equity shares in the resulting company for every 1000 shares held in Inox Green on the record date.

Financials of Discontinued Operations (₹ in Lakh) for comparative periods:

  • Q1 FY27 (Jun 30, 2026): Not applicable (demerged).
  • Q4 FY26 (Mar 31, 2026): Revenue ₹304; PBT ₹125; PAT (₹33)
  • Q1 FY26 (Jun 30, 2025): Revenue ₹384; PBT ₹155; PAT (₹99)
  • FY26 (Mar 31, 2026): Revenue ₹1,456; PBT ₹290; PAT (₹91)

Other Information

  • The Board meeting commenced at 3:00 PM and concluded at 3:35 PM.
  • The company operates in a single business segment: Providing O&M services for WTGs and Common Infrastructure Facilities.
  • During the quarter, material transactions with related parties amounted to ₹ Nil (₹251 Lakh in Q4 FY26).