What was Inox Green Energy's revenue in Q3 FY26?

Inox Green Energy reported revenue of ₹78 Cr in Q3 FY26, a +51% change year-over-year.

Did Inox Green Energy management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

INOXGREENENERGY Energy 10 Feb 2026

Inox Green Energy Services Ltd — Q3 FY26

Q: What guidance did Inox Green Energy management give?

FY27 EBITDA guidance of ₹600 crore+: Inox Green expects FY27 EBITDA to exceed ₹600 crore, driven by full portfolio consolidation and synergies.

Inox Green delivered a strong Q3 FY26 with total income of ₹112 crore (+51% YoY), EBITDA of ₹53 crore (+80% YoY), and PAT of ₹25 crore (+375% YoY), driven by portfolio growth to 13.3 GW and operational efficiencies.

Revenue ₹78 Cr +51%

EBITDA ₹53 Cr +80%

PAT ₹25 Cr +375%

EBITDA Margin 24% +760bps

Duration 54 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Inox Green delivered a strong Q3 FY26 with total income of ₹112 crore (+51% YoY), EBITDA of ₹53 crore (+80% YoY), and PAT of ₹25 crore (+375% YoY), driven by portfolio growth to 13.3 GW and operational efficiencies. Management guided FY27 EBITDA to exceed ₹600 crore, supported by the impending merger of substation assets (eliminating ~₹50 crore depreciation) and synergies from acquired wind O&M portfolios. The demerger of the substation business into Inox Renewable Solutions is in final NCLT stages, expected to close in 2-3 months. Key risk: customer site readiness delays could continue to impact equipment supply offtake, though management believes revenue guidance is more controllable than megawatt targets.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Customer site readiness delays

View Risks →

≡Transcript Full text

Call Transcript

Full transcript text is available on this route.

Read Transcript →

Quarter Snapshot

Portfolio under O&M 13.3 GW

+6.5 GW YoY

Includes 10 GW wind and 3.3 GW solar; 6.5 GW acquired from two major companies.

Machine availability 96.5%

flat YoY

Consistently high availability across the entire portfolio.

Order book (Inox Wind) 3.2 GW

+600 MW YTD

Diversified order book with marquee customers; provides 18-24 months visibility.

Working capital days 200-210 days

-10 days QoQ

Targeting 200 days by FY26 end and 150 days by FY27.

Fast read

Guidance and risk preview

Top guidance FY27 EBITDA guidance of ₹600 crore+

Inox Green expects FY27 EBITDA to exceed ₹600 crore, driven by full portfolio consolidation and synergies.

Top risk Customer site readiness delays

Delays in site readiness by customers, especially for equipment supply contracts, are impacting turbine offtake and may persist.

View Risks →