Remember when O&M (operations and maintenance) was the boring, back-office cousin of renewable energy? Well, Inox Green just turned it into the showstopper. Revenue shot up 79% YoY, EBITDA 61%, and PAT 440%—numbers so loud they almost drown out the whirring turbines. Even after a ₹2.9 cr deferred tax hit, they’re smiling like they just signed a lifetime AMC with the grid itself (Q1 FY26 earnings presentation).
Why it matters? Because ALMM and the hybrid RE boom are creating a perfect storm for companies that keep the blades spinning—and IGESL’s now servicing 5.1 GW worth of them.
Stick around—things get spicier two scrolls down.
AT A GLANCE
• Total income up 79% – no, not a typo
• EBITDA ₹48 cr – up 61% YoY, margins still solid
• PAT ₹22 cr – up 440%, yes, four-hundred-forty
• Cash PAT ₹44 cr – 140% YoY jump; annuity model flex
• O&M portfolio ~5.1 GW – now with solar muscle added
MANAGEMENT’S KEY COMMENTARY
• “Portfolio machine availability 95.6%” – Translation: We fix before you break.
• “Added ~1.6 GWp solar O&M” – Translation: Sunshine now pays us too.
