Customer site readiness delays
Delays in site readiness by customers, especially for equipment supply contracts, are impacting turbine offtake and may persist.
high · management_commentaryInox Green Energy Services Ltd — Q3 FY26
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...
bullish
high
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Shift from megawatt to revenue guidance raises transparency concerns
Analysts questioned the logic of withdrawing megawatt guidance; management acknowledged execution challenges but deflected on exact megawatt targets.
medium · analyst_questionWorking capital pressure from ramp-up
Working capital days remain elevated at 200-210, above the earlier target of 120 days, due to rapid scaling.
medium · data_observationDependence on group company Inox Clean for orders
A significant portion of future order visibility relies on Inox Clean's IPP pipeline, which is a separate entity.
low · management_commentary