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Inox Green Energy Services Ltd

Q1 FY26Commercial Services & Supplies

Inox Green Energy Services Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹178
Market cap₹7.5K Cr
P/E61.3
Updated23 Aug 2026
Read4 min read

The short version

FY 2026 guidance for execution is 1,200 MW, with a target to increase to 2,000 MW in FY 2027. The company maintains a firm annual guidance of 1,200 MW execution in FY26 and 2,000 MW for FY27, indicating strong volume growth.

From Inox Green Energy Services Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY 2026 guidance for execution is 1,200 MW, with a target to increase to 2,000 MW in FY 2027.
  • The company is on track for 1,200 MW for the current year despite some quarterly fluctuations.
  • Manufacturing capacity exceeds 400 MW, with expansions such as a new blade plant in South India and nacelle and transformer factories commissioned.
  • The firm order book stands at 3.1 to 3.2 GW, covering approximately two years of execution, with advances in place.
  • Order book growth is expected to continue, supported by bids in PSU and private sectors, including large tenders expected in the next 1-2 quarters.
  • The industry outlook anticipates wind capacity additions of 5 to 6 GW this year, potentially rising to 8-10 GW in future years.

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Profitability & Margins

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Capital Expenditure Plans

  • Operationalized a new nacelle plant in Ahmedabad to increase manufacturing capacity.
  • Commissioned a new Trafo factory in Jaipur to enhance production capabilities.
  • Building a new blade manufacturing plant in South India to cater to regional demand and reduce logistics costs.
  • Planning to open an additional new factory in South India to further expand capacity.
  • Investing in special situation funds controlling 2 GW of O&M assets, generating significant other income and strategic value.
  • Engaged in bidding for multiple PSU projects to gain more volume in the PSU market.

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Happy Square
Rev 1Mar 1
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Current firm order book stands at approximately 3.1 to 3.2 gigawatts, covering roughly two years of execution.
  • The company has diversified customers, including 10-12 large clients such as NTPC, CESC, Amplus, Hero, Continuum, and First Energy.
  • New customer acquisitions are ongoing, with a few new names expected to be announced in the coming months.
  • The strategy focuses on both horizontal growth (expanding existing relationships) and vertical growth (bringing in new customers).
  • Multi-gigawatt Letters of Intent (LOIs) and Memorandums of Understanding (MOUs) exist but are not counted until they become firm contracts with advances.

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Inox Green Energy Services Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹82 Cr, net profit ₹25 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Inox Green Energy Services Ltd Q1 FY26 results?

FY 2026 guidance for execution is 1,200 MW, with a target to increase to 2,000 MW in FY 2027. The company maintains a firm annual guidance of 1,200 MW execution in FY26 and 2,000 MW for FY27, indicating strong volume growth.

What is Inox Green Energy Services Ltd share price analysis?

Inox Green Energy Services Ltd currently shows a neutral. The stock trades at a P/E of 61.3 with a market cap of ₹7,511 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inox Green Energy Services Ltd planning capital expenditure?

Operationalized a new nacelle plant in Ahmedabad to increase manufacturing capacity.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.