Inox Green Q3 profit jumps over six-fold on strong revenue growth

Inox Green Energy Services reported a sharp improvement in its financial performance for the December quarter (Q3FY25), aided by strong revenue growth and operating leverage.

The company’s net profit stood at ₹24.7 crore in Q3FY25, compared with ₹4 crore in the year-ago period, as per the data provided. Revenue from operations rose 34% year-on-year to ₹81.8 crore, up from ₹61 crore in Q3FY24.

The total income increased to ₹111.7 crore during the quarter, against ₹73.9 crore a year earlier, supported

by higher revenue from operations and a rise in other income.

Total expenses stood at ₹71.9 crore, compared with ₹63 crore in the corresponding quarter last year, with EPC, operations & maintenance, employee costs, and depreciation remaining the key cost components.

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Inox Green Energy Services provides operations and maintenance (O&M) for renewable energy assets, primarily wind turbine generators (WTGs) and supporting infrastructure like power evacuation facilities.

For the nine months ended December 31, the company’s net profit rose sharply to ₹75.1 crore, compared with ₹15.4 crore in the corresponding period last year. Revenue from operations increased 34% year-on-year to ₹223.9 crore, up from ₹167.2 crore in the nine months ended December 2024.

Shares of Inox Green Energy Services ended today's trade 1.7% at ₹173.10 on the NSE.