Inox Green Energy Services Limited (INOXGREEN) Earnings Call Transcripts

Inox Green Energy Services Limited's Latest Earnings Call - Q4 FY2026

Inox Green Energy Services Limited reported a strong performance for Q4 FY '26, with total income rising to INR 120 crores, up 40% YoY, and EBITDA of INR 57 crores, reflecting a 93% increase. Management provided optimistic guidance for FY '27, expecting consolidated revenue to grow by approximately 75% compared to FY '26, driven by significant capacity additions and operational efficiencies. The company is well-positioned to capitalize on the ongoing shift towards renewable energy, although geopolitical tensions have created some operational challenges.

Reported metrics

Guidance from management

Management expects consolidated revenue to grow by around 75% over FY '26, with EBITDA margins projected between 20% to 25% for FY '27, indicating strong operational momentum and capacity expansion.

What management said

Thank you, [indiscernible]. Good evening, everyone, and welcome to the Quarter 4 FY '26 Earnings Call of Inox Wind and Inox Green Energy. As many of you may know already, I have recently joined Inox Wind as Head of Investor Relations. Let me introduce the management team on the call with us. So we have Mr. Devan Jain, Executive Director, INOXGFL Group; Mr. [indiscernible], Group CEO, Renewables business, INOX GFL Gro...

This is Madhu. Let me answer for Inox Green first. So your question on the 2 acquisitions, which will roughly contribute a 50% EBITDA margin because both are all the previous OEMs with the substations and all those evacuation systems. So this gives a similar EBITDA margin, which is roughly 50%. Second, for the projection of FY '27, we have already guided, it will be north of INR 60 crores. And let me hand over to Mr....

What analysts pressed on

Analysts expressed concerns regarding the company's ability to meet previous guidance and the impact of geopolitical tensions on project execution. There were questions about the sustainability of growth rates given recent performance fluctuations.

Main topics on the call

• Revenue Growth — Inox Green reported total income of INR 120 crores for Q4 FY '26, up 40% YoY, indicating strong growth momentum. Management stated, 'We expect our consolidated revenue to grow by around 75% over FY '26.'
• EBITDA Improvement — The company achieved an EBITDA of INR 57 crores, a 93% increase year-on-year, showcasing operational efficiency. This improvement is attributed to the integration of acquired assets and enhanced service offerings.
• Order Book Diversification — Inox Wind's order book stands at 3.1 gigawatts, with a strategic shift towards equipment supply, which now constitutes 75-80% of the order mix. Management emphasized, 'We are pivoting towards equipment suppliers,' which ...
• Strategic Acquisitions — Inox Green is set to consolidate two major acquisitions, which are expected to significantly enhance EBITDA and PAT for FY '27. Management noted, 'We expect to complete the acquisition soon,' indicating confidence in fut...

Read the full Inox Green Energy Services Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Inox Green Energy Services Limited earnings call transcripts on record, spanning February 9, 2024 to May 29, 2026. Based on this history, Inox Green Energy Services Limited reports annually. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

INOXGREEN

Exchange

NSEI

Country

IN

Sector

Industrials

Industry

Construction and Engineering

Calls on record

4

First call

February 9, 2024

Most recent

May 29, 2026

Reporting cadence

annually