Latest news with #InoxGreenEnergyServices
Business Standard
4 days ago
- Business
- Business Standard
Inox Green Energy Services consolidated net profit rises 487.47% in the June 2025 quarter
Sales rise 10.50% to Rs 56.20 crore Net profit of Inox Green Energy Services rose 487.47% to Rs 22.03 crore in the quarter ended June 2025 as against Rs 3.75 crore during the previous quarter ended June 2024. Sales rose 10.50% to Rs 56.20 crore in the quarter ended June 2025 as against Rs 50.86 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 56.2050.86 10 OPM % 10.8933.27 - PBDT 44.0715.03 193 PBT 32.991.78 1753 NP 22.033.75 487
News18
5 days ago
- Business
- News18
Inox Green Energy Services net profit jumps multi-fold to Rs 22.39 cr in Q1
Agency: PTI Last Updated: New Delhi, Aug 14 (PTI) Inox Green Energy Services on Thursday posted a multi-fold rise in its consolidated net profit to Rs 22.39 crore in June quarter compared to a year ago, mainly on the back of higher revenues. It had registered a consolidated net profit of Rs 4.15 crore in the quarter ended on June 30, 2024, a BSE filing showed. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
7 days ago
- Business
- Business Standard
Inox Green Energy gains on bagging long-term O&M deal for 182 MW wind projects
Inox Green Energy Services rose 2.02% to Rs 158.80 after the company announced it had signed a long-term operations and maintenance (O&M) agreement with one of India's largest and most diversified conglomerates. The agreement covers 182 MW of operational wind energy projects housed under the renewable energy arm of the conglomerate. These projects are spread across multiple locations in Western India and are integrated with the common infrastructure owned by Inox Green. The agreement involves the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the renewal of comprehensive O&M for another 100 MW of wind projects, much ahead of its due renewal. The contract spans the entire balance life of the wind projects. SK Mathu Sudhana, CEO of Inox Green, remarked, "We are excited to announce the signing of the comprehensive O&M agreements for 182 MW with the renewable arm of one of the largest conglomerates in India. This is a milestone occasion for us as with the signing of the agreement, our entire fleet with this marquee customer is now back in our fold. This showcases the changing dynamics in the wind O&M industry and the reaffirmation of the trust which our customers are showing on our renewed capabilities. Inox Green Energy Services is a subsidiary of Inox Wind and is a part of the INOXGFL Group which principally operates in the speciality chemicals and renewable energy sectors and has historical connections with the wider Inox Group which commenced operations in 1923. The Company is engaged in the business of providing Operation & Maintenance (O&M) services and common infrastructure facilities for Wind Turbine Generators. On a consolidated basis, net profit of Inox Green Energy Services dropped 73.9% to Rs 5.56 crore while net sales rose 30.4% to Rs 68.38 crore in Q4 FY25 over Q4 FY24.
Business Standard
7 days ago
- Business
- Business Standard
Inox Green receives order for comprehensive O&M of 182 MW wind projects
Inox Green Energy Services announced today that the company has entered into an agreement with one of the largest and most diversified Indian conglomerates for the comprehensive O&M of 182 MW of operational wind projects housed under its renewable energy arm. The projects are located across multiple sites in Western India plugged into the common infrastructure owned by Inox Green. The agreement involves the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the renewal of comprehensive O&M for another 100 MW of wind projects, much ahead of its due renewal. The contract spans the entire balance life of the wind projects.
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Business Standard
7 days ago
- Business
- Business Standard
Inox Green hits 5% upper circuit on inking 182 MW O&M agreement
Inox Green Energy Services shares hit a 5 per cent upper circuit on Tuesday, August 12, 2025, at ₹163.4 per share on BSE. At 11:39 AM, Inox Green Energy Services' share price was trading 2.15 per cent higher at ₹159 per share. In comparison, the Sensex was 0.11 per cent lower at 80,518.03. Why were Inox Green Energy Services shares buzzing in trade? The buying interest on the counter came after the company entered into an agreement for operations and maintenance (O&M) of 182 MW of operational wind projects. Inox Green did not mention the name of the entity but said that it has inked the agreement with a renewable energy arm of one of India's largest conglomerates. According to the filing, the projects are located across multiple sites in Western India, plugged into the common infrastructure owned by Inox Green. The agreement involves the conversion of limited-scope to comprehensive O&M for 82 MW of wind projects, as well as the renewal of comprehensive O&M for another 100 MW of wind projects, much ahead of its due renewal. The contract spans the entire balance life of the wind projects. That apart, in April, the company entered into an agreement to provide operations and maintenance (O&M) services for 675 MWp of solar projects of one of the country's leading renewable energy companies. This agreement marks Inox Green's entry into solar O&M -- a sector which is poised to increase multi-fold over the next decade, providing immense growth opportunities for the company, a company statement said. "We are thrilled to enter into this agreement with a marquee customer. With this, Inox Green has now forayed into solar O&M which offers large-scale growth opportunities for us in one of the fastest expanding industries. About Inox Green Energy Services The company is a renewable power operations and maintenance (O&M) service provider in India with more than 5 GW of renewable assets under management. The company is engaged in the business of providing long-term O&M services for renewable energy projects. Part of the Inox Green Energy Services Group and a subsidiary of Inox Wind with whom it enjoys a synergistic relationship, Inox Green is India's only listed pure-play renewable O&M services company. It has a strong and diverse portfolio base and an established track record of over a decade. The company has reliable cash flows supported by long-term O&M contracts. Its customers include some of the largest IPPs, PSUs, along with various retail customers.
