Inox Green Energy Services Reports Audited Financial Results for FY2026, Details Demerger and Segment Performance
Inox Green Energy Services Limited, previously known as Inox Wind Infrastructure Services Ltd., announced the audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026. The results were approved by the Board of Directors during a meeting held on May 29, 2026.The company continues to report its operations primarily in the domestic market and has identified the following key business segments: Operation & Maintenance (O&M), Power Evacuation, Power generation, and Consultancy Income.
Financial Results Overview (All figures in Lakhs)
The Group's performance figures for the year ended March 31, 2026, show the following consolidated results:| Particulars | Quarter Ended 31-03-2026 (Unaudited) | Quarter Ended 31-12-2025 (Unaudited) | Quarter Ended 31-03-2025 (Unaudited) | Year Ended 31-03-2026 (Audited) | Year Ended 31-03-2025 (Audited) |
|---|---|---|---|---|---|
| Total Income | 11,948 | 10,179 | 8,530 | 42,621 | 25,199 |
| Total Expenses | 1,244 | 43,690 | 6,168 | 171 | 9,876 |
| Net Profit After Tax (Continuing Ops) | 2,867 | 2,584 | 840 | 10,436 | 3,598 |
| Net Profit After Tax (Discontinued Ops) | (33) | (119) | 1,196 | (91) | (1,413) |
| Total Comprehensive Income | 6,2,841 | 1,2,467 | 2,469 | 10,345 | 2,185 |
Key Financial Figures (Standalone Results)
For the Standalone Financial Results for the year ended March 31, 2026:| Particulars | Year Ended 31-03-2026 (Audited) | Year Ended 31-03-2025 (Audited) |
|---|---|---|
| Total Income from operations | 23,848 | 18,938 |
| Total Expenses | 22,780 | 17,349 |
| Profit/(Loss) after tax for the year | 5,247 | 3,851 |
| Total Comprehensive Income | 5,272 | 3,804 |
The Statement of Standalone Audited Financial Results also presented key metrics like Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) from continuing operations, which stood at 12,621 Lakhs for the year ended March 31, 2026, compared to 12,441 Lakhs in the previous year.
Balance Sheet and Cash Flow Highlights
The audited Standalone Balance Sheet as at March 31, 2026, showed the following key figures (in Lakhs):| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| Total Non-current Assets | 51,983 | 121,133 |
| Total Current Assets | 149,401 | 126,839 |
| Total Assets | 1,41,384 | 2,47,972 |
| Total Equity | 1,73,151 | 2,03,939 |
| Total Liabilities | 27,888 | 22,602 |
| Total Equity and Liabilities | 2,01,384 | 2,47,972 |
The Statement of Consolidated Audited Financial Results showed Total Assets of 211,286 Lakhs as of March 31, 2026, compared to 248,689 Lakhs the previous year.
For the financial year ended March 31, 2026, the Group generated a net cash flow from operating activities of 7,947 Lakhs.
Strategic and Operational Updates
Demerger of Power Evacuation Business:The company confirmed the demerger of the Power Evacuation business. The Board of Directors had approved the demerger under a scheme of arrangement on November 13, 2024. The scheme was sanctioned by the National Company law Tribunal, Ahmedabad (NCLT) on March 13, 2026. The scheme became effective from May 04, 2026, after the certified copies of the NCLT orders were filed.
Investment Activities and O&M Services:
The company is actively engaged in developing its portfolio, having incorporated 6 wholly-owned subsidiaries (SPVs) through a request for selection (RFS) process under the Solar Energy Corporation of India (SECI) to set up wind farm projects. In addition to these investments, the company operates using the policy of recognizing revenue from Operations & Maintenance (O&M) over the period of the contract on a straight-line basis. Management noted that certain O&M services are billed amounting to Rs. 11,482 Lakh for services rendered.
Accounting Policy Changes:
The Group noted that due to the demerger, the balances of assets and liabilities pertaining to the Power Evacuation business have been transferred to the Resulting Company, and necessary adjustments have been made in the other equity. Consequently, the Balance Sheet as at March 31, 2026, is noted as not comparable with the Balance Sheet as at March 31, 2025.
INOXGREEN Stock Price Movement
Shares of Inox Green Energy Services Limited today slipped by 1.09% to settle at ₹172.41. The stock saw robust trading activity, with approximately 1.18 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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