Inox Green Energy Services Ltd — earnings calls

Inox Wind reported Q1 FY27 consolidated revenue of Rs 872 crore, adjusted EBITDA of Rs 237 crore and PAT of Rs 64 crore, while management said the shift toward equipment supply from turnkey orders would reflect meaningfully in financials from Q3 onward. Inox Green reported total income of Rs 101 crore, up 17% year-on-year, and EBITDA of Rs 57 crore, up 19% year-on-year, and confirmed NCLT Ahmedabad approval for the Wind World India acquisition with completion expected in Q2 FY27. Management reiterated full-year guidance of 75% revenue growth and an EBITDA margin of 20% to 22% on a consolidated basis for Inox Wind, and an annualized EBITDA guidance of Rs 600 crore for Inox Green from Q3 onward.

Inox Wind reported consolidated FY26 revenue of Rs 1,306 crores, roughly flat year-on-year, with EBITDA of Rs 333 crores, PBT of Rs 216 crores and PAT of Rs 106 crores, while management said execution was affected by geopolitical tensions and supply-chain delays. Inox Green reported Q4 FY26 total income of Rs 120 crores, up 40% year-on-year, with EBITDA of Rs 57 crores, up 93% year-on-year. Management discussed a strategic shift from turnkey EPC toward equipment supply, ongoing acquisitions of wind O&M portfolios, and the NCLT-approved demerger of the evacuation infrastructure business into Inox Renewable Solutions.