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Inox Green Energy Services (IGESL) delivered strong Q4 FY26 results. Total income surged 40% year-on-year to Rs 120 Cr. EBITDA jumped 93% to Rs 57 Cr, and Profit After Tax (PAT) soared 340% to Rs 28 Cr. Machine availability for its wind portfolio averaged an impressive 96.5%.
The company is focused on strategic growth, leveraging long-term O&M contracts and strong synergies within the InoxGFL Group. Inox Wind's robust order book of ~3.1 GW provides significant visibility for future O&M contracts. IGESL is also actively pursuing inorganic growth by acquiring O&M portfolios from other independent power producers.
A notable recent development is the NCLT approval for the demerger of the evacuation infrastructure business into Inox Renewable Solutions. This move will make IGESL an asset-light, annuity-based, high-margin business, boosting its future profitability by eliminating associated depreciation.
IGESL's strategy includes becoming one of the largest global renewable O&M players. The outlook for the Indian wind sector is highly positive, supported by government targets for capacity addition and favorable policies promoting hybrid projects and domestic content.