Q4 2026 Inox Green Energy Services Ltd Earnings Call Transcript
Key Points
- INOX Green Energy Services Ltd (BOM:543667) reported a significant increase in financial performance with a 40% year-on-year increase in total income for Q4 FY26.
- The company achieved a 93% year-on-year increase in EBITDA, indicating strong operational efficiency.
- INOX Green's portfolio has expanded to over 13 gigawatts, positioning it as a leading renewable O&M company in India.
- The company has a large and diversified order book of 3.1 gigawatts, providing execution visibility for more than 24 months.
- INOX Green is expected to benefit from group synergies and strategic acquisitions, which are anticipated to significantly boost EBITDA and PAT in FY27.
- The company faced challenges due to geopolitical tensions, which impacted logistics and project execution.
- There were payment delays in PSU contracts, affecting the receivables cycle.
- The transition from turnkey projects to equipment supply has been challenging, with potential impacts on working capital cycles.
- Despite strong growth, the company reported flat year-on-year revenue for Inox Wind, indicating potential market saturation or competitive pressures.
- There are concerns about overcommitting and underdelivering on certain metrics, as highlighted by some investors during the call.
Ladies and gentlemen, good day, and welcome to Inox Wind and Inox Green Energy Services Limited, Q4 FY26 earnings conference call hosted by JM Financial Institutional Securities. (Operator Instructions) I now hand the conference over to Mr. Sudhanshu Bansal from JM Financial Institutional Securities. Thank you, and over to you, sir.
Thank you, Rutuja. Hello, everybody. On behalf of JM Financial, I welcome you all to the Q4 FY26 Earnings Call of Inox Wind and Inox Green Energy Services. For today's call, we have with us leadership team of Inox led by Shri Devansh Jain, Executive Director, Inox GFL Group; and along with the senior management. Thank you so much, sir, for giving us the opportunity for hosting the call.
Now I will hand over to Ms. Shweta Sultania for taking this call forward. Over to you, Shweta. Thank you.
Thank you, Sudhanshu. Good evening, everyone, and
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