Inox Green Energy Services Net Profit Jumps 75% to ₹407.9 Crore in Q1FY26
Inox Green Energy Services reported a 75% YoY rise in Q1FY26 consolidated net profit to ₹407.9 crore, driven by a surge in other income to ₹578.9 crore, even as revenue from operations declined to ₹432.9 crore. EBITDA improved to ₹569.5 crore, while the O&M segment narrowed its loss. The Board re-appointed key directors and noted the discontinuation of the Power Evacuation business following an NCLT-sanctioned demerger.
Operational profitability faced mixed signals. The Operation & Maintenance (O&M) segment, which accounts for the entire current revenue, reported a segment result loss of ₹13.7 crore compared to a loss of ₹45.9 crore in Q1FY25, indicating some improvement in core operations. However, the overall group result was heavily influenced by unallocable other income. The Power Evacuation business, now discontinued following the NCLT-sanctioned demerger scheme effective May 4, 2026, contributed no revenue or profit in this quarter.
During the meeting on August 7, 2026, the Board also approved the re-appointment of Manoj Dixit as Whole-time Director for two years, effective October 8, 2026, subject to shareholder approval. Additionally, Ms. Bindu Saxena was re-appointed as an Independent Director for a second term of five years, effective December 14, 2026. These appointments require ratification at the ensuing Annual General Meeting
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October 5, 2026