Inox Green Energy Q2 FY27: Total Income ₹113 Cr, PAT ₹44 Cr; Wind World Acquisition Complete
Inox Green Energy Services Limited reported Q2 FY27 total income of ₹113 crore, up 12% QoQ, and PAT of ₹44 crore, up 7% QoQ. The company completed the acquisition of Wind World India's 4.5 GW Wind O&M business. Its total portfolio stands at ~12.5 GWp as of September 2026. Financial consolidation of the acquired business is expected from Q3 FY27.
The acquisition of Wind World India's O&M business is a major strategic move that is expected to significantly increase the company's operational scale and financial performance, with expected consolidation from Q3 FY27.
The company reported year-on-year growth in key financial metrics like total income, EBITDA, and PAT. The completion of the Wind World India acquisition is a significant positive development, expected to enhance profitability and operational efficiencies.
Inox Green Energy Services Limited (IGESL) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. For the second quarter of fiscal year 2027 (Q2 FY27), the company reported a total income of ₹113 crore, marking a 12% increase quarter-on-quarter (QoQ). EBITDA stood at ₹62.5 crore, up 10% QoQ, while profit before tax was ₹58 crore, a 7% increase QoQ. Profit after tax (PAT) also saw a 7% increase QoQ, reaching ₹44 crore. Cash PAT was reported at ₹58 crore, up 6% QoQ.
The company's machine availability for its portfolio was strong at 96.2% in Q2 FY27. As of September 2026, Inox Green's total portfolio comprised approximately 12.5 GWp, including ~10.4 GW of wind assets and ~2.1 GWp of solar assets. This figure includes the O&M portfolio of Wind World India Ltd and an investment to acquire an additional ~2 GW of wind O&M assets.
A significant development highlighted is the completion of the payment for the transfer of Wind World India's 4.5 GW Wind O&M business through an NCLT process. This transaction, executed via Inox Green's subsidiary Vibhav Energy Private Limited (VEPL), is expected to lead to line-by-line financial consolidation from Q3 FY27. The Wind World India O&M business generated ₹580 crore in revenue in FY26 and is considered a value-accretive transaction offering significant scope for operational efficiencies and enhanced profitability. The acquired portfolio benefits from contracted annual price escalation of approximately 5%.
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