Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Inox Green Energy Services Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 72 | 57 | 57 | 47 | 60 | 52 | 51 | 55 | 61 | 68 | 56 | 86 | 82 |
| Expenses + | 56 | 51 | 34 | 34 | 40 | 41 | 34 | 37 | 46 | 68 | 50 | 77 | 59 |
| Operating Profit | 16 | 6 | 23 | 13 | 20 | 12 | 17 | 19 | 16 | 1 | 6 | 9 | 23 |
| OPM % | 22% | 11% | 40% | 27% | 33% | 22% | 33% | 34% | 26% | 1% | 11% | 10% | 28% |
| Other Income + | 16 | 14 | 0 | 13 | -2 | 31 | 7 | 9 | 12 | 29 | 42 | 44 | 30 |
| Interest | 18 | 8 | 5 | 7 | 5 | 9 | 6 | 5 | 4 | 4 | 4 | 1 | 2 |
| Depreciation | 14 | 14 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 11 | 10 | 11 |
| Profit before tax | 0 | -1 | 5 | 6 | 0 | 20 | 5 | 10 | 10 | 12 | 33 | 41 | 40 |
| Tax % | -1,282% | 84% | 47% | 8% | 944% | -4% | 17% | 37% | 50% | 47% | 32% | 31% | 38% |
| Net Profit + | 5 | -2 | 3 | 6 | -1 | 21 | 4 | 6 | 5 | 6 | 22 | 28 | 25 |
| EPS in Rs | 0.16 | -0.02 | 0.08 | 0.20 | -0.05 | 0.73 | 0.13 | 0.18 | 0.11 | 0.15 | 0.60 | 0.76 | 0.66 |
Financials of Inox Green Energy Services Ltd
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 368 | 164 | 165 | 172 | 172 | 250 | 224 | 236 | 292 |
| Expenses + | 352 | 82 | 77 | 109 | 90 | 194 | 149 | 184 | 254 |
| Operating Profit | 15 | 82 | 88 | 63 | 82 | 57 | 75 | 52 | 38 |
| OPM % | 4% | 50% | 53% | 37% | 48% | 23% | 33% | 22% | 13% |
| Other Income + | -14 | -68 | -47 | -112 | -70 | 24 | 35 | 57 | 144 |
| Interest | 65 | 30 | 53 | 61 | 55 | 57 | 25 | 19 | 11 |
| Depreciation | 17 | 27 | 40 | 49 | 50 | 58 | 53 | 53 | 45 |
| Profit before tax | -80 | -43 | -51 | -158 | -93 | -34 | 31 | 37 | 126 |
| Tax % | -29% | 23% | 2% | -3% | 0% | 84% | 12% | 41% | |
| Net Profit + | -57 | -53 | -52 | -154 | -93 | -62 | 28 | 22 | 82 |
| EPS in Rs | -11,328.00 | -9.13 | -4.52 | -11.94 | -3.97 | -2.09 | 0.95 | 0.54 | 2.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Inox Green Energy Services Ltd
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 57 | 116 | 129 | 235 | 292 | 294 | 367 | 367 |
| Reserves | 2 | -8 | -20 | -86 | 572 | 794 | 1,051 | 1,600 | 1,653 |
| Borrowings + | 956 | 1,154 | 1,085 | 1,411 | 904 | 595 | 174 | 181 | 95 |
| Other Liabilities + | 551 | 698 | 1,158 | 1,239 | 410 | 433 | 564 | 339 | 351 |
| Total Liabilities | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,113 | 2,083 | 2,487 | 2,466 |
| Fixed Assets + | 500 | 512 | 776 | 765 | 953 | 1,095 | 755 | 704 | 685 |
| CWIP | 10 | 59 | 26 | 251 | 133 | 7 | 7 | 7 | 7 |
| Investments | 0 | 71 | 72 | 33 | 33 | 0 | 0 | 446 | 486 |
| Other Assets + | 999 | 1,260 | 1,465 | 1,645 | 1,002 | 1,011 | 1,320 | 1,330 | 1,288 |
| Total Assets | 1,509 | 1,902 | 2,340 | 2,693 | 2,121 | 2,113 | 2,083 | 2,487 | 2,466 |
Financials of Inox Green Energy Services Ltd
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 65 | -41 | 362 | 49 | 141 | -26 | -8 | 60 |
| Cash from Investing Activity + | -168 | -170 | -306 | -105 | -153 | -5 | -63 | -637 |
| Cash from Financing Activity + | 82 | 195 | -52 | 174 | -63 | -10 | 79 | 572 |
| Net Cash Flow | -21 | -17 | 3 | 117 | -76 | -42 | 8 | -5 |
| Free Cash Flow | -102 | -163 | 66 | -53 | -8 | -97 | -8 | 56 |
| CFO/OP | 513% | -52% | 423% | 54% | 177% | -56% | -5% | 103% |
Financials of Inox Green Energy Services Ltd
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 242 | 410 | 552 | 473 | 144 | 135 | 213 | 279 |
| Inventory Days | 1,891 | 540 | 215 | |||||
| Days Payable | 2,200 | 2,029 | 758 | |||||
| Cash Conversion Cycle | -67 | 410 | 552 | 473 | -1,344 | -407 | 213 | 279 |
| Working Capital Days | -213 | -784 | -2,132 | -2,799 | -1,105 | -221 | 392 | 741 |
| ROCE % | 5% | 4% | 2% | 3% | 1% | 4% | 3% |