Inox Green's profit surges to ₹103 cr after demerger cleans up the books
Annual net profit jumped nearly fivefold to ₹103.45 crore on total income of ₹426.21 crore. The wind O&M firm's accounts now reflect a simpler, post-demerger business.
— 1 earlier story on Inox Green Energy Services Ltd. →What's new
- FY26 net profit jumped to ₹103.45 cr from ₹21.85 cr a year earlier.
- Annual income grew to ₹426.21 cr from ₹251.99 cr in FY25.
- Q4 revenue was ₹68.67 cr, up from ₹64.54 cr in Q4 FY25.
Why this matters
The near-fivefold profit surge is mostly a function of the demerger. By shedding its power evacuation business, Inox Green is now a pure-play wind O&M company. The results are the first clean look at that model's profitability, and the numbers are strong.
What we're watching
- How the standalone, post-demerger business performs over the next two quarters.
- Whether the ₹426 cr revenue base is sustainable without the evacuations arm.
- Market reaction once the accounting restatement is fully digested.
The full read
Inox Green's first full-year result as a pure-play wind O&M company shows the business is more profitable than it looked. Consolidated net profit jumped to ₹103.45 crore from ₹21.85 crore a year prior. Total income climbed to ₹426.21 crore from ₹251.99 crore. But the headline is less about growth and more about subtraction. The demerger of its power evacuation business, finalized in May 2026, stripped out a lower-margin segment and left a cleaner, higher-margin operation. The Q4 revenue number of ₹68.67 crore (up from ₹64.54 crore) suggests the core business itself is growing, not just getting sharper from accounting changes. The profit surge is real, but the market needs a few quarters to gauge the trajectory of the post-demerger entity on its own.
Questions answered
- Why did profit jump almost fivefold?
- The jump is largely an accounting effect of the corporate demerger. The power evacuation business was separated out, and the results now reflect a focused wind O&M operation. Total income grew from ₹251.99 crore to ₹426.21 crore.
- What does the company do now after the demerger?
- Inox Green is a wind operations and maintenance service provider. The demerger, which received final clearance in May 2026, removed its power evacuation business from the consolidated accounts.
- How did the most recent quarter look?
- Q4 consolidated revenue was ₹68.67 crore, up slightly from ₹64.54 crore in the same quarter last year. This is the first quarterly result post-demerger.
- Is the new income figure fully comparable to last year's?
- No. The FY26 accounts are restated to reflect discontinued operations. The FY25 income of ₹251.99 crore included the now-separated power evacuation business.
Story so far
All notes on INOXGREEN →- 29 May 2026 · 5:37 PM IST Inox Green's profit surges to ₹103 cr after demerger cleans up the books
- 1d ago Inox Green misses ₹400 cr on FY26 guidance, blames supply chain